Risk management refers to the process of analyzing, assessing, identifying and prioritizing the risks involved or uncertainty of objects. It involves minimizing and controlling these unfavourable circumstances so that the business bears minimum to no loss. This book unfolds the innovative aspects of risk management which will be crucial for the holistic understanding of the subject matter. The topics included in it are of utmost significance and are bound to provide incredible insights to readers. In this text, constant effort has been made to make the understanding of the difficult concepts of risk management as easy and informative as possible for the readers. It will serve as a valuable source of reference for those interested in this field.