An easy to use approach that is well adapted to evaluating risk in certain situations is known as
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Risk Management. It includes putting methods, processes, and tools at the proper place so that one can deal with consequences of events that have been identified and which are major threats for a business. It can be something as basic as setting aside a financial reserve so that it can ease the cash flow constraints if they arise or to ensure optimum computer backup or IT support procedures to get over a systems failure.
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