Risk Management has assumed great significance in the global economic scenario. More and more companies are recognising the need for implementing the concept in their organisation. Unless risk is monitored properly the very existence of business may be at stake. The technological advancement has revolutionised the ways of doing business but at the same time has posed new challenges to manage and contain risk.

In western countries, Risk Management is an important area which has attracted the attention of Bankers, Insurers, Financial Institutions, Government, business houses,  in forecasting the imminent risk in undertaking any project/work and taking suitable precautions to avoid or minimize the adverse impact of risk. Read more