Manage it the most important step in the risk management process.
There are three method to deal with the risk:
1. Avoid the Risk
It always the best choice for an organization to avoid the risk altogether. However, it could mean not getting involved in a business venture.
2. Share the Risk
Some organizations might opt to share the risk with third parties such as insurance companies.
3. Accept the Risk
The last option is to accept the risk. It means the organization can do nothing to prevent the risk.