risk management

noun

The process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.

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Meanings

nounrisk management (uncountable)
  1. uncountableThe process of determining the maximum acceptable level of overall risk to and from a proposed activity, then using risk assessment techniques to determine the initial level of risk and, if this is excessive, developing a strategy to ameliorate appropriate individual risks until the overall level of risk is reduced to an acceptable level.

    2002: InsTech.info, LLC, A short history of risk management: 1900 - 2002 at http://www.instech.info/utaustin/DOWNLOADS/Hist_of_RM_2002.pdf 1921: Frank Knight publishes Risk, Uncertainty and Profit, a book that becomes the keystone in the risk management library.

    2 more examples

    a2006: University of Surrey website, Risk Management History read at https://web.archive.org/web/20080529083848/http://portal.surrey.ac.uk/portal/page?_pageid=823,181134&_dad=portal&_schema=PORTAL Even if it has deeper foundations, risk management, as it is practiced today, is essentially a post-1960s phenomenon.

    2006: BBC News website, How do you judge offenders' risk? read at http://news.bbc.co.uk/1/hi/uk/4828832.stm Where release is recommended, a "risk management plan" outlining how the offender will be managed in the community and detailing recommended licence conditions, is also submitted.

Translations

Afrikaans risiko bestuur
  • risiko bestuurprocess of dealing with risk
Chinese Mandarin 風險管理 /风险管理
  • 風險管理 /风险管理 (fēngxiǎn guǎnlǐ)process of dealing with risk
Czech řízení rizik
  • řízení rizikprocess of dealing with risk
Dutch risicobeheer
  • risicobeheerprocess of dealing with risk
Finnish riskienhallinta
  • riskienhallintaprocess of dealing with risk
French gestion des risques, gestion du risque
  • gestion des risquesprocess of dealing with risk
  • gestion du risqueprocess of dealing with risk
German Risikomanagement
  • Risikomanagementprocess of dealing with risk
Irish bainistíocht riosca
  • bainistíocht rioscaprocess of dealing with risk
Korean 위험관리, 리스크 관리
  • 위험관리 (wiheomgwalli)process of dealing with risk
  • 리스크 관리 (riseukeu gwalli)process of dealing with risk
Polish zarządzanie ryzykiem
  • zarządzanie ryzykiemprocess of dealing with risk
Portuguese gestão de riscos
  • gestão de riscosprocess of dealing with risk
Spanish gestión de riesgos
  • gestión de riesgosprocess of dealing with risk
Swedish riskhantering
  • riskhanteringprocess of dealing with risk
Cite this entry
APA

risk management. (n.d.). In WatkinsX Dictionary. Retrieved November 4, 2026, from https://dictionary.watkinsx.com/word/risk%20management

MLA

“risk management.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/risk%20management. Accessed November 4, 2026.

Chicago

WatkinsX Dictionary, s.v. “risk management,” accessed November 4, 2026, https://dictionary.watkinsx.com/word/risk%20management.

Source: risk management on Wiktionary, CC BY-SA 4.0.