Risk management involves taking appropriate measures to minimize risk to assure the safety & well-being of members and non-members interacting with the Fraternity in all capacities.
Risk Management is a Dynamic Process Involving the Following
Identification of Exposure to Loss
Analysis or Evaluation of Exposure to Loss
Elimination / Avoidance or Reduction of Exposure to Loss
Reanalysis of Reduced Exposure to Loss
Assumption or Transfer of Exposures
Monitoring of Results & Adjustments