Risk management is developing an approach focused on identifying and managing possible threats to an organization or a project to establish the ideal strategies for its launch later. It is considered one of the core elements of strategic management.

When we speak of "threat" in this context, we refer to any external factor that can interrupt the internal processes of a community, organization, or project and require some containment plan to avoid them or minimize the damage they cause. May cause if they inevitably occur. For example, a community may be besieged by natural disasters, the Failure of human initiatives that tend to disorder, or processes of a mixed type that lead to an emergency.
<h2>Importance of risk management</h2>
Risk management and risk management systems, with which it is sought to channel the threats of an organization or company, are virtual instances in the contemporary business world since a high percentage of its success or failure usually rests on Failure. The reason is simple: an organization better prepared to face the possible complications that its particular production process implies is also a company that will know what to do if a problem arises, thus being able to prevent it from becoming a catastrophe when failing to convert it. Rather an opportunity for growth and investment.

That is why risk management is understood as a process of continuous feedback, review, design of strategies, their application, and then a new diagnosis.
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