Litchfield Park, Arizona. Litchfield Park is a city in Maricopa County, Arizona, United States. It is twenty miles northwest of Phoenix. According to the 2010 census, the population of the city is 5,476. Contents.
Risk management is an important part of planning for businesses. The process of risk management is designed to reduce or eliminate the risk of certain kinds of events happening or having an impact on the business. Risk management is a process for identifying, assessing, and prioritizing risks of different kinds.
Risk management needs to happen throughout the lifecycle of a system or service, informed by a realistic view of risk and a clear understanding of the organisation and its objectives. Technology and information risk is just one area of business risk that organisations need to manage. As such it should fit in with the existing business risk management activities undertaken by an organisation.