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.
Guidelines for Risk Management Process Review. The purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives.