This text on risk management is designed to improve on the risk management ability of managers. Risk is present in all business environments and it is the responsibility of all managers to manage risk properly. This is done in order to reduce its impact on company profit. Risk management creates a new study environment. It creates awareness about the various risks which can disrupt the smooth running of most business ventures and other organisations. Risk management when applied efficiently and effectively, helps to maximise shareholders' wealth. Managers must note that risk is managed most, when investment is carried out in the form of a portfolio. Investment in single assets may only reduce risk, when hedging is implemented by the manager. This text offers diversity in terms of risk management. It provides risk management procedures in a commercial, banking, industrial and agricultural environment.