A Unified Concept of the Risk Management System

The risk management system is the overall integrated process consisting of two essential interrelated and overlapping, but conceptually distinct components - risk assessment and risk management. In recent years, risk communication has become 

The term is defined by TRUSTNET (2002), which is a pluralistic and interdisciplinary European network involved in the field of risk governance. 

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The chapter begins with definitions of the central concepts, namely risk analysis, assessment and management. Then, a unified concept of the risk management system is provided. The main phases, stages and steps presented in the model are explored in some detail. 

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