Overview

Risk management is the process of measuring and assessing risks and aims to avoid or reduce technical risks. 
Technical risks are present when making any decision or implementing any action at all levels.
Risks are not always bad, but rather one of two things (risks that create opportunities or risks that create problems), and we manage technical risks to make the right and optimal decision for the university.
In short, the success or failure of your decision is based on your risk management, not your reaction.