Running summarizing tools on a new article

Abstract: Risk management involves identifying risks, predicting how probable they are and how serious they might become, deciding what to do about them, and implementing these decisions. Despite the apparent widespread uptake of risk management, the extent to which risk processes are actually applied is somewhat variable. Many organizations adopt a minimalist approach, doing only what is necessary to meet mandatory requirements, or going through the motions of a risk process with no commitment to using the results to influence current or future strategy. This chapter provides a general introduction to the topic of risk management. It summarizes the history of risk management and provides definitions of risk and uncertainty. It also describes the risk process, in terms of identification, analysis and response. The author identifies the tasks and benefits of risk management, the risk management plan and the typical stakeholders involved in an investment or project.