The essential goal of these short studies is to highlight the importance of managing numerous risks in business. The following methods were used in considering the determined research subject, aligned with the aim of the work: the method of analysis and synthesis, the method of induction and deduction, the method of comparison and analogy, as well as the method of description with an insight into the literature and numerous cases from practice. An adequate approach to risk management increases numerous aspects of safety. This is the initial hypothesis of the work. Then auxiliary hypotheses indicate that detecting and minimising possible risks increases profits and reduces costs. Then it increases the credibility of management and its reputation among employees. Establishing the context of risk management involves defining the goals in which risk is viewed and includes (1) clearly defined goals of the organization; (2) external and internal parameters when establishing risk management; (3) subject and area of application and criteria for risk;. In the practice of organizations, different risk management approaches are applied, and the following are used: (1) risk acceptance, in which the existence of anything related to risk is ignored; (2) retroactive risk management, which implies attempts to reduce the consequences after the occurrence of a risky event; (3) interactive risk management, in which measures are taken in advance for each life phase of the system cycle to prevent the risk from occurring; (4) planned risk management, requires planning and forecasting of possible risks, and the adoption of a series of activities to control the anticipated risk in the best way; Following international standards and positive and recommended EU Directives, specialist training of the team can be carried out. The results and conclusion are given in separate parts of the paper.

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