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Risk Management refers to the systematic process of identifying, assessing, and prioritizing risks in order to minimize their impact on business objectives. It involves the application of strategies, policies, and procedures to manage risk and ensure the financial stability and sustainability of an organization. The discipline draws upon various fields such as financial management, financial modeling, and business strategy to inform decision-making and risk mitigation efforts. Effective risk management requires a deep understanding of an organization's operations, industry trends, and external factors that can impact its performance. It involves ongoing monitoring and evaluation of risks, as well as communication with stakeholders to ensure alignment and buy-in for risk management initiatives. Ultimately, the goal of risk management is to protect the organization from unexpected events and enable it to achieve its strategic objectives with confidence.