Definition
It is an approach that companies can take [?], reduce and/or [?] risk. Risk can be [?] numerous types of danger [?] [?] caused by the environment or technology to humans, organisations and politics.

The different [?] to counter Risk:
Identification - [?]-Analysis-[?] of a management plan-Definition of a strategy.

Risks to your business can exist [?] and it can be hard to predict when they will [?]. Managing risk is an important part of business, and planning for risks before they occur is often [?] to do this.

For example, as a business [?], you may want to plan for when:
- interest [?] or prices [?]
-your [?] introduces a new product
-an [?] occurs in the workplace
-[?] staff leave
- a natural disaster or terrorist activity affects your business.

Risk management is a systematic [?] of making a realistic evaluation of the true [?] of risks to your business. Before risks can be [?] managed they need to be identified: you can begin with these questions:
-What can [?]?
-What can I do [?] it?
-What do I do if it happens?

There are standard procedures and processes for [?] risk management in business. Australia has developed Standard AS/NZS ISO 31000:2009, Risk Management-Principles and guidelines, which [?] procedures and processes to implement.
A good plan is to develop a risk [?] to document each potential problem, its level of seriousness, what is required [?] it and who will [?] the problem.