Risk Management Techniques

Once the risks are assessed, they must be managed carefully. There are four basic risk management techniques and your company probably uses all of them.
When you accept risks, it is necessary to choose small risks that will not have a large impact on the organization.
Eliminating risk by avoiding may seem like the safe route, but it is not always practical. Always consider both the risks and rewards that a new situation brings. The severity of the risk will help you determine if it is something that you truly need to avoid.