economics10

May 20th, 2015
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Partnering to manage risk and disasterByUtkarsh ShuklaRoll no. 974B.A.LL.B(Hons.)Submitted toMrs. Shivani MohanAsst Professor (Economics)Rough draft for partial fulfilment of project work on Economics- ISeptember 2014CHANAKYA NATIONAL LAW UNIVERSITYPATNAIntroductionRisk managementis the identification, assessment, and prioritization ofrisksfollowed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities. Risks can come from uncertainty in financial markets, threats from project failures, legal liabilities, credit risk, accidents,natural causes and disastersas well as deliberate attack from an adversary, or events of uncertain or unpredictableroot-cause. Several risk managementstandardshave been developed including theProject Ma

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