Frequently Asked Questions - Risk Management Overview
What is a Risk Manager?
Risk management is the discipline of minimizing an organization's exposure to things which could negatively impact their business. Risk managers minimize exposure to risk through careful analysis of pertinent information, trends and history.
Why are Risk Managers important?
Businesses that manage risk understand that success is driven by doing many things right and avoiding things that could go wrong. The Risk Manager sets the standard for what is acceptable risk versus things that could negatively impact the long term success of the business. By having people focused on risk, the business can function smoothly and be prepared for situations that could arise.