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.
Risk management is an activity which integrates recognition of risk, risk assessment, developing. strategies to manage it, and mitigation of risk using managerial resources. Some traditional risk managements. are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, death).