Throughout the management of risks in the industry, you’ll come across four terms which you’ll use to identify a type of risk. These are pure risk, speculative risk, income risk and expense risk. This sort of risk should be avoided if possible since it could lead to great loss if things go wrong. However, being trained in a risk management qualification, you would know how to mitigate these risks best to minimise their chances of happening. You can now get your risk management qualification with the College of Contract Management.
