The systematic process in companies or organizations in which potential risks are identified, assessed, and controlled or minimized through targeted measures.
example
Ein gutes Risikomanagement ist entscheidend für den langfristigen Erfolg des Unternehmens.
Good risk management is crucial for the long-term success of the company.
Usage tips
Word composition
This word is composed of the nouns 'das Risiko' (risk) and 'das Management' (management). It is an internationalism that was taken directly from English and is understood in many languages.
EXAMPLE
Die Bank hat eine eigene Abteilung für das Risikomanagement.
The bank has its own department for risk management.
Register and context
'Risikomanagement' (risk management) is a technical term from business, finance, and corporate management. It is mainly used in professional and academic contexts.
EXAMPLE
Im Seminar haben wir über die Grundlagen des Risikomanagements gesprochen.
In the seminar, we talked about the basics of risk management.
Typical verbs
Common verbs used with 'Risikomanagement' (risk management) are 'betreiben' (to practice/run), 'einführen' (to introduce), 'optimieren' (to optimize), or 'verbessern' (to improve).
EXAMPLE
Jedes große Projekt sollte ein professionelles Risikomanagement betreiben.
Every large project should practice professional risk management.