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Risk management is the process of identifying the risk issues and the options for controlling them, commissioning a risk assessment, reviewing the results and selecting among the assessed options to best meet the risk management goals. The following flow chart provides links to the various aspects of the risk management role and how it links with the analyst role. Morgan and Henrion (1990) provide the often quoted 10 golden rules to dealing with uncertainty in quantitative risk and policy analysis that will be helpful to guide you in following the risk management process.

Risk Management Approach


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