The 4 Step Risk Management Process

In this video, we will break down the 4-step risk management process in a way that is easy to understand and apply. Risk management is crucial in all aspects of life, whether in business, finance, or everyday decision-making.

We will start by defining what risk management is and why it is important. Then, we will walk you through the 4 essential steps of the risk management process: identification, assessment, control, and monitoring.

By the end of this video, you will have a solid grasp of how to effectively manage risks and make informed decisions to mitigate potential challenges.

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OUTLINE:
00:00 Introduction to Risk Management

00:11 Identifying the Risk

00:37 Risk Assessment

00:59 Treating the Risk

01:15 Monitoring and Reporting on the Risk

01:33 Conclusion