Introduction
Risks refer to the chances of an event to take place due to a given action taken by an individual or an organization. The action taken normally has a possibility of yielding into a negative or positive result. Thus, an individual or organization needs to have adequate knowledge on the possible outcome before involving in an activity since this will affect an organization’s movement. Risk management likewise refers to the systematic selection of cost effective methods for the sake of limiting the effect of threat to an organization. It is impossible to avoid the effects of risks fully in an organization, ...
