324611ff_ual_Report_2011_2012__Glossary__Meaning
[Term] risk management [Meaning] 
The systematic application of management through policies, procedures and practices to clearly identify, analyse, evaluate, treat and monitor risks associated with those opportunities. Risk is broadly defined as the effect of uncertainty on objectives or the impacts of unforeseen events or undesirable outcomes.
Annual Report 2011-2012: Glossary
Meaning