Litchfield Park, Arizona. Litchfield Park is a city in Maricopa County, Arizona, United States. It is twenty miles northwest of Phoenix. According to the 2010 census, the population of the city is 5,476. Contents.
Risk management is an important part of planning for businesses. The process of risk management is designed to reduce or eliminate the risk of certain kinds of events happening or having an impact on the business. Risk management is a process for identifying, assessing, and prioritizing risks of different kinds.
Part of the Business terms glossary: Business rules management (BRM) is the administration and automation of business rules. The goal of BRM is to increase organizational agility and responsiveness. Business rules management can improve the efficiency of business processes through decision automation.This, in turn, can reduce dependency on an IT department to make changes to business logic.usiness rules management can improve the efficiency of business processes through decision automation. This, in turn, can reduce dependency on an IT department to make changes to business logic.