risk managementnoun [ U ]
ukusMANAGEMENT, INSURANCE the activity of calculating and reducing risk, so that an organization does not fail or lose money:
Companies often overlook fraud in their risk management.
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risk assessment
FINANCE the activity of calculating and reducing risk in a set of investments, so that investors do not lose money:
We don't have the right kind of risk management expertise to manage these types of investments.