It is not a secret for anyone that there is an ongoing global pandemic these days. Covid-19 (or how most people call it, coronavirus) is spreading fast and kills many. Pretty much the entire world now tries to find a solution for it and some countries are claiming that they already did, or at least found a way to contain and control the virus. Of course, we are not medical or biology professionals by any stretch of the imagination, but everyone is aware of how catastrophic this pandemic is for the global economy and the effect it has on everyone’s…

In the current unpredictable world, organizations face a multitude of uncertainties. Navigating these uncertainties effectively is crucial for survival and success. This is where Risk Management and Risk Assessment come into play as indispensable disciplines. While often used together, they represent distinct yet interconnected parts of a comprehensive approach to dealing with potential threats and opportunities. This article delves into the core concepts of Risk Management and Risk Assessment, explaining their importance and how they work in practice. What is Risk Management? A Comprehensive Overview Risk Management is the systematic process of identifying, analyzing, evaluating, and mitigating risks that could…