Risk management is a systematic process that involves identifying, analyzing, and responding to risks in order to minimize losses and maximize opportunities. It helps managers make the best use of available resources and is widely used across both public and private sectors, including finance, insurance, healthcare, public institutions, and governments. Risk management provides a logical approach to improve decision-making through good management practices such as identifying risks and opportunities as well as avoiding or minimizing potential losses.

2. About … Risk Management

3. Mouse ‘Click’ to move on to the next slide Next What is Risk Management? Who uses Risk Management? How is Risk Management used? Risk Management in Customs How do you use it in Customs?

4. Good management practice Process steps that enable improvement in decision making A logical and systematic approach Identifying opportunities Avoiding or minimising losses Mouse ‘Click’ to move on to the next slide Next What is Risk Management?

5. Risk Management is the name given to a logical and systematic method of identifying, analysing, treating and monitoring the risks involved in any activity or process. Mouse ‘Click’ to move on to the next slide Next What is Risk Management?

6. Risk Management is a methodology that helps managers make best use of their available resources Mouse ‘Click’ to move on to the next slide Next What is Risk Management?

7. Risk Management practices are widely used in public and the private sectors, covering a wide range of activities or operations. These include: Next Who uses Risk Management? Finance and Investment Insurance Health Care Public Institutions Governments