Börsenlexikon: Risikomanagement

Risk management comprises all measures for the systematic identification, analysis, assessment, monitoring and control of risks. The risk management process comprises in detail: - Identification of hazards, description of their nature, causes and effects- - Analysis of the identified hazards with regard to their probability of occurrence and possible effects - Risk assessment by comparison with risk acceptance criteria to be defined in advance (e.g. from standards and norms) - Risk management/risk control by means of measures that reduce hazards and/or probability of occurrence or make the consequences controllable - Risk monitoring with the aid of parameters that provide information about the current risks (risk indicators) - Risk records to document all processes that take place in connection with the risk analysis and assessment.