Risk Management is the process of identifying, assessing, and prioritizing risks followed by coordinated efforts to minimize, monitor, and control the probability or impact of unfortunate events. It is essential for organizations to protect their assets and ensure long-term sustainability. Effective Risk Management involves various strategies, including risk avoidance, reduction, sharing, and acceptance. By implementing a robust risk management framework, organizations can enhance decision-making, improve operational efficiency, and safeguard their reputation in the face of uncertainties.