Risk management simply means managing the risks. Risk is basically part of our lives. Everything we do is never predicted. Whatever we calculate is never 100% accurate. Risk of failure and loss is always there in varying magnitude. Whenever we are starting some venture, doubts arise whether it will be successful or not. Risk management is a process which is used to minimize the risk in pursuing any project or venture. Risk managers hope to find ways where the investors are at minimum risk. This occurs due to proper and advanced planning by the managers. BookMyEssay has management writers professional team who provide you online to all the university student.