What do you mean by strategic risk management term?

Business & Management
#1

Tackling the risks should be one of the main objectives of every organisation. SRM is the application of a risk management process to a long-term project or plan where resources are available to invest in significant analysis and researching available data.
SRM tracks and calibrates risks associated with an operation over the project term and adjusts strategy accordingly. Importantly, a component of the SRM process defines and articulates the intent and objectives used in Operational Risk Management