The importance of risk management and eliminating risk

The importance of risk management is to reduce or eliminate risks in higher education. Risks such as physical, casualty, fiscal, business, and repetitional risks.

1. Can we ever fully eliminate risk? If so, how? If not, why not? If we cannot eliminate risks, then what are we trying to accomplish through these risk management strategies?

2. How do you know if you are doing a good job in this area? What are some challenges that you might face in implementing risk management strategies? What can you do as a leader to be proactive and mitigate these challenges?

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