Risk Management
Risk management is the process; not really a science or EVERY risk manager would be a BILLIONAIRE; but simply the process of calculating courses of action based upon somewhat sound mathematical equations; variables and OFTEN gives a favorable result; even if it is a minimal result.
Risk management is MOST important to society when it is ethically appied to prevent loss of life; rather than a return on investment (ROA). It can mean the difference between staying in business or going under.