There goes the first part buddy

Running head: RISK MANAGEMENT.

Risk management.
Student name.
Institution Affiliation.
Date.

RISK MANAGEMENT.

Risk Management
Introduction.
Risk management refers to the process where the risks that are involved in a certain venture.
These risks are then analyzed and the appropriate ways to curb the risks are laid down. The ways
to avoid the risks are also put in place and the ways to recover from the risks are outlined. There
are several key elements of a risk management program and they include process, integration,
culture, and infrastructure (Kliem, 2019). The programs are flexible because they differ from one
company to another.
Risk management actions.
When we look at the actions that lead to effective risk management capabilities lies in the
process of development of risk management. The process of risk management involves six steps
that we are going to look into below.
Risk identification.
This is the process that involves the process where the risks that are involved in the ventured are
looked into and the effects of it are outlined (Demek, 2018). This stage is where the effective
responses for the risks involved in the current system are also given. This process involves
attributes that include the impact of the risk, likelihood of the risk to occur, velocity of the risk
an...