Risk Management

Risk management, by definition, is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunities.

Effective risk management offers the potential to reduce both the possibility of risk occurring and its potential impact.

IUM use various tools of assessment to identify and rank risks for the purpose of assessing likely remedies to mitigate and prevent recurrence thereof.