Risk managementis a process for making and carrying out decisions designed to minimize the adverse effects of accidental or business losses on an organization by reducing the number or size of these losses or by cost effectively financing recovery from any such losses. Roles and Responsibilities: Risk Management has to be transparent and inclusive. Especially technology management in changing markets has to deal with long lead times and high sunken costs, and hence handling the risk requires strategic agility and foresight. COMMUNITARIAN PERSPECTIVE

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