Risk Management – Explained

What is Risk Management? When used in finance, risk management refers to a set of processes tailored towards the reduction of risks, threats, uncertainties, and unfavorable events that can impede performance. It also examines how risks can be avoided or tolerated. The...

Contingency – Explained

What is a Contingency? A contingency is an event which is unplanned for but is liable to happen in the future. This event is often negative and has the potential to cause problems in the future. Generally, contingencies cannot be predicted with certainty, examples of...
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