---
title: Risk Management
tags:
  - topic/risk
  - type/encyclopedia
---
# Risk Management

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## TALK

This note is for business risk management methods,
even those not commonly labeled as such.

Note that risk management and actuarial science
have significant overlap in their common definitions.
For the purposes of [[this-notebook]],
legitimate mathematical methods for _quantifying_ risk
fall under [[actuarial-science]].
Other (qualitative) methods
as well as [[strategy|decisions]] based on methods of either type
are appropriate for this note.

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**Risk management** is a professional discipline
that is concerned with mitigating negative consequences of uncertainty on a business
(i.e. managing [[risk]]).