What Is Risk Management?

In any change, exper­i­ment, or new ven­ture, there’s a degree of risk. Man­ag­ing risk is an essen­tial part of suc­cess­ful and sus­tained change efforts. Fol­low­ing a risk man­age­ment process allows us to iden­ti­fy and mit­i­gate poten­tial risks for new sit­u­a­tions we’re fac­ing as we make changes. Learn the five key risk man­age­ment activ­i­ties and how we can use var­i­ous tools to iden­ti­fy and min­i­mize risk.