Risk Management is the process of identifying, assessing, and prioritizing potential risks that could negatively impact an organization’s operations, finances, or reputation. It involves developing strategies and implementing measures to minimize, monitor, and control the probability or impact of these risks. Effective risk management helps organizations anticipate challenges, make informed decisions, protect assets, and ensure business continuity. By proactively managing risks, businesses can reduce uncertainty and improve their ability to achieve objectives while safeguarding stakeholders’ interests.