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Risk management is the term that is used to describe the identification the assessment and the causes that causes the risk at any organization followed by the coordinated and economical application and proper utilization and the usage of the resource and methods to be developed for use of funds to minimize, monitor and control the probabilities and reduce the possibilities of impact of unfortunate events such as risk and losses and maximize the realization of the opportunities that are available and increase the production to open chances for more profit and healthy business. The primary objective of risk management is:

• The primary purpose of risk management is to assure that uncertainty does not deflect the endeavour from the business goals.
• Is to reduce the chances of risk that may cause any business or organisation to face losses
• Another primary objective is to minimise misuse and inefficient use of resources and maximise the utilisation of resources efficiently.

For the construction of any sample plan to manage risks in any organisation it is essential to have complete knowledge about the reasons that can have chances to cause risk:

There are specific factors and sources that cause risk in any organisation:

• Uncertainty in the financial markets
• Uncertainty in decision making
• The improper and inefficient utilisation of the resources
• Threats from project failures
• Such as failure in the design of the project
• Failure in the presentation
• Collapse in production
• Defeat in the sustainable life cycle
• Problems in between the employees such as labour strikes.
• Problems between the national and international market
• Transportation problem
• Problems with an investment that is the distribution of capital investment
• Credit risks
• Legal liabilities
• Accidents in factories
• Natural causes and disasters which may also include deliberate attacks from the adversary
• Specific events that are caused due to uncertain and unpredictable reasons.
• Events are classified as
• Positive events
• Negative events

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As per the American Engineers council for professional development, the engineering can be defined as the creative application of the scientific principles, in order to develop or design structures, apparatus, machines or manufacturing processes or works. In other words, it can be defined as a practical function of maths and science, which is used to crack problems. This is everywhere around all of us. In everyday life of an individual, the engineering technologies advance the ways of communicating, traveling, working as well as entertaining themselves.

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The branch of engineering associated with designing, maintenance and construction of structures including infrastructure and buildings. The individuals, who are responsible for taking the care of the safety as well as strength of the physical aspects of every individual’s daily life, are popularly known as the civil engineers. This branch of engineering is considered as the fulfilling career choice for the students as well as individuals. The civil engineering is the discipline of engineering, which is the hardest and require a hard time for coping with stress as well as the assignment deadlines.

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The parent category of electronic engineering is the electrical engineering. But, now it is considered as a separate subject. The electronic engineering is referred to as the study associated with the designing and study of the electronic devices. The invention of the semiconductors and the dipoles is considered as the development in the field of electronic engineering. After sometime the invention of the integrated circuits and the transistors worked as a revolution of the electronic engineering. These inventions led to the development of computers and made kit available to the public. This has resulted into the decrease in the cost and made the computing better and easy.

In short, the electronic engineering is referred to as the study concerned with the creation of circuits, electronic devices and systems. The students pursuing electrical or electronic engineering goes through a number of problems. It is important for the students pursuing electronic engineering must correctly understand its theories and must be interested in the area of the subject. This subject is mainly the physics and mathematics oriented field, as it is a combination of both theoretical and practical approaches and makes a balance between the both.

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