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.
definition of risk management risk management is the process of identifying quantifying and managing the risks that an organisation faces as the outcomes of business activities are uncertain they are said to have some element of risk these risks include strategic failures operational failures financial failures market disruptions environmental disasters and regulatory violations