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What is the difference between risk assessment and risk management?

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Question added by Mohammad AlTaweel , Safety Engineer , Alaa for Industry
Date Posted: 2016/01/17
Ashiq Hussain
by Ashiq Hussain , Chief Accountant , Allied Gulf Food Industries FZE

Risk assessment is about assessing and quantifying risks and risk management is to all about to manage assessed risks and minimize/nullify the damages associated with that risk. In a broad scenario, Risk Assessment is one part of Risk Management.

 

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