Risk management is the process of identifying, assessing, and prioritizing potential risks or uncertainties that could affect an organization's ability to achieve its goals. This involves developing strategies to minimize or mitigate potential negative impacts, as well as identifying opportunities for positive risk-taking. Risk management is vital for organizations across various industries to ensure business continuity, protect assets, and make informed decisions. It encompasses a range of activities, including risk assessment, risk analysis, risk mitigation, and risk monitoring. Effective risk management can help organizations anticipate and respond to potential threats, improve decision-making processes, and ultimately enhance their overall resilience and success.