Using risk assessment and other information to determine options and make decisions about reducing or eliminating risks. See risk, risk analysis, risk-benefit analysis, risk communication.
A systematic approach to the management of risk, staff and patient/client/user safety, to reducing loss of life, financial loss, loss of staff availability, loss of availability of buildings or equipment, or loss of reputation.
Risk management is a system for decreasing the chance for injury or accidents in a given area, in this case a fraternity or sorority house. These Risk Management policies are to protect our fraternity and sorority members from issues relating to illegal drinking and substance use and abuse, fire code regulations, hazing, legal implications of fraternity and sorority affairs, and social events such as parties and socials.