RM

RM, or Risk Management, is the process of identifying, assessing, and prioritizing potential risks that could affect an organization or project. It involves developing strategies to minimize or control those risks to ensure objectives are met. Think of it as a proactive approach to handling uncertainties—like planning for storms before a trip or maintaining safety measures at work. Effective risk management helps prevent or reduce negative impacts, ensuring stability and confidence in decision-making. It’s a vital component across industries, supporting sustainable growth and resilience against unforeseen challenges.