What does risk control mean?
Definitions for risk control
risk con·trol
This dictionary definitions page includes all the possible meanings, example usage and translations of the word risk control.
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Wikipedia
Risk control
Risk control, also known as hazard control, is a part of the risk management process in which methods for neutralising or reduction of identified risks are implemented. Controlled risks remain potential threats, but the probability of an associated incident or the consequences thereof have been significantly reduced.Risk control logically follows after hazard identification and risk assessment.The most effective method for controlling a risk is to eliminate the hazard, but this is not always reasonably practicable. There is a recognised hierarchy of hazard controls which is listed in a generally descending order of effectiveness and preference: Elimination - the compete removal or avoidance of the hazard also removes the risk. Substitution - A less hazardous or lower risk material, equipment or process may be available. Isolation - If the hazard can be separated from the people or equipment at risk by barriers or demarcated areas. the risk is reduced. Safeguards - Tools or equipment, can be modified by fitting guards, interlocks and similar engineering solutions. Procedural methods – Safer ways to do something. Personal protective equipment and clothing (PPE) is the last resort.A combination of two or more of these methods may be most effective, or even necessary.
Numerology
Chaldean Numerology
The numerical value of risk control in Chaldean Numerology is: 3
Pythagorean Numerology
The numerical value of risk control in Pythagorean Numerology is: 1
Examples of risk control in a Sentence
The capital raised in Series B will allow us to invest in the infrastructure, such as cloud computing and risk control, that will underpin our long-term growth in rural and international markets.
Given that CBRC (China Banking Regulatory Commission) has already said that the key task for 2016 will be risk control, it's quite telling that they're now telling banks to reduce these WMP yields, many trust loans, for instance, were issued two years ago when commodity prices were still sky high, and any products that sent funds to those parts of the industrial sector may have repayment difficulties at the old high rates.
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"risk control." Definitions.net. STANDS4 LLC, 2024. Web. 30 Apr. 2024. <https://www.definitions.net/definition/risk+control>.
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