Risk Management Process, Techniques and Software Tools

The risk management is a process by which an organization faces withdifferent kinds of risk and manages them with an optimal method. Thisprocess is implemented during several stages that in each stage varioustools are used. These various tools are due to the diversification ofareas that employ risk management and also because of the risk types.In this paper, various tools that are used to manage risks are collected.Then, these tools are categorized based on the stage of riskmanagement in which they are used. With a review of risk managementtools that are employed in different industries and their categorization,we hope to present a proper framework for practical studies tointerested people and to the researchers of risk management.

Risk Management Process, Techniques and Software Tools Keywords:

Risk management process , Risk identification tools , Riskanalysis tools , Risk management software tools