The risk management process consists of a series of logical steps for analyzing, in a systematic way, the hazards, the dangers and the associated risks that may arise in the management of an organization. The goal is realized in giving maximum sustainable value to any activity, through a continuous and gradual process that moves from the definition of a strategy along its implementation. By understanding all potential positive and negative factors that affect the system, it is possible to increase the probability of success and reduce the level of uncertainty.
In particular, risk management protects and supports the requirements of the organization in its relationship with stakeholders through:
- a methodological framework that allows a consistent and controlled development of activities;
- the improvement of the decision-making process, creating priorities by really understanding the natural and exceptional variability of activities and their positive or negative effects;
- the contribution to a more efficient use and allocation of resources;
- the protection and enhancement of corporate assets and image;
- the development and support to the people and to their knowledge base.
Figure 3.2 represents a process of risk management in its different stages of development that are detailed in the following sections.
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