A key objective of risk management is to ________?

Risk management plays a critical role in organizations by addressing uncertainties that can impact their objectives. The primary goal of risk management is to reduce uncertainty, which enables more informed and effective decision-making. By identifying potential risks and understanding their impact, organizations can develop strategies to mitigate those risks, thereby fostering an environment where decisions can be made with greater confidence.

This approach not only protects the organization’s assets and investments but also supports strategic planning and operational efficiency. Effective risk management leads to improved outcomes and allows organizations to seize opportunities while managing potential threats, ultimately enhancing overall organizational resilience.