Principle objective of this article is to discuss on Important Facts for Risk Management. Here focus on Risk Management which is Important Facts to be Aware of. Risk management simply signifies the identification, assessment, and control of risks that inevitably arise in an organization plus the decisions that are created to strike a balance between costs plus the risks. This article looks strongly at this term to help you get a better understanding of it. The procedure and steps that you take to look for the extent of the risk, and the action come to curb same to a level that can be defined as manageable is what we call risk management.