Risk is the uncertainty associated with future events or results of decisions that lead to a loss or benefit.
Risk management is the identification and mitigation of potential risks. Identification consists in predicting possible future variants, estimating the probability of their occurrence and their impact. Mitigation of risk is already a specific corrective action that should be taken in specific cases to minimize the negative or to maximize the positive effects that will occur in the future.
Innovation Blaze uses the MoR methodology to manage risk
Effective risk management not only protects you from failure, but also allows you to take advantage of new opportunities!