What are the four risk mangement principles?

The four key principles of risk management are: 1) Risk Identification, which involves recognizing potential risks that could affect an organization; 2) Risk Assessment, where the likelihood and impact of identified risks are evaluated; 3) Risk Mitigation, which entails developing strategies to minimize the effects of risks; and 4) Risk Monitoring, which involves continuously tracking and reviewing risks and the effectiveness of mitigation strategies over time. These principles work together to help organizations manage uncertainty and make informed decisions.