Risk Management

The risk management team deals with risks involved in a company. They determine risks and implement measures to reduce or control the risks. These risks can range anywhere from financial loss to accidents. For example, a project may cost much more than first thought. The team would determine if the risk could cause financial issues and decide how to minimize that risk. If accident risks are present, they would implement plans to avoid these risks so that no one will get hurt. An example of this would be with an explosive company. They have determined certain rules and regulations to keep employees from being at risk of an accident such as an explosion.

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