Risk management is the traditional way of dealing with what problems

There are four basic methods of risk management, namely: risk avoidance, loss control, risk transfer and risk retention.

Risk management refers to the management process of how to minimize risks in a project or enterprise environment that is definitely risky. Risk management refers to a management method that through understanding, measuring and analyzing risks, choosing the most effective way, proactively, purposefully and plannedly handling risks, and striving to obtain maximum safety guarantee at minimum cost. When enterprises face market opening, regulatory lifting, and product innovation, the degree of change and volatility will increase, which will also increase the risk of operations. Good risk management can help reduce the probability of decision-making errors, avoid the possibility of losses, and relatively increase the added value of the enterprise itself.