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RISK MANAGEMENT & SAFETYSchofield 228C | 105 Garfield Avenue | PO Box 4004 Eau Claire, WI 547024004 | 7158364414 Prepared by: Chaining For Revision Date: 04/22/2021 Approved by: Brian K. Dillinger
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What is what is risk management?
Risk management is the process of identifying, assessing, and prioritizing risks in order to minimize, monitor, and control the impact of uncertain events.
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Risk management is typically required to be filed by organizations or individuals who are involved in financial or investment activities.
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To fill out a risk management form, one must identify potential risks, assess their likelihood and impact, prioritize them, and develop strategies to mitigate or manage these risks.
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The purpose of risk management is to reduce uncertainty and potential negative impact on an organization or individual by proactively identifying and addressing risks.
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Information reported on a risk management form typically includes identified risks, their likelihood and impact, mitigation strategies, and responsible parties.
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