definition Questions - Risk Portal Q & A most recent 30 from http://answers.riskportal.com 2010-09-10T19:43:20Z http://answers.riskportal.com/feeds/tag/definition http://www.creativecommons.org/licenses/by-nc/2.5/rdf http://answers.riskportal.com/questions/14/definition-of-risk-management Definition of Risk Management? John 2010-01-13T13:10:13Z 2010-02-24T14:32:35Z <p>Further to my previous question about the definition of risk; what is a relevant definition of risk management? <p> If if not explicitly put forward as a definition, many organisations hint at what RM is; the following is the Institute Of Risk Management's 'definition':<p></p> <blockquote> <p>It is the process whereby organisations methodically address the risks attaching to their activities with the goal of achieving sustained benefit within each activity and across the portfolio of all activities.</p> </blockquote> <p>Do you agree with this? Personally I find this bland, do you have a better alternative?</p> http://answers.riskportal.com/questions/13/definition-of-operational-risk Definition of Operational Risk? John 2010-01-13T13:03:41Z 2010-02-23T12:14:48Z <p>There are many definitions of 'operational risk', often dependent on the context of the organisation or individual defining it. Some are broad in scope attempting to cover all the bases, others seem limited to the downside of risk (i.e. threats). Which definition do you think is most relevant to today's op risk environment? <p>Please quote the source where available.</p>