The risk refers to the uncertainty that surrounds future events and outcomes. It is the expression of the likelihood and impact of an event with the potential to influence the achievement of an organization's objectives, policies or target. Review organisational processes, procedures and requirements can help to avoid the risk, or minimise its impact, or cope with its impact such as caused due to the financial and commercial partners, economic circumstances and scenarios, human behaviour, legislation or political circumstance, management activities and controls, natural events and technology. The risk management process involves, identifying risk, measuring risk, formulating strategies to limit risk and carrying out specific tactics to implement those strategies and continuously monitoring the effort.