Get Velocity Acknowledgment Of Risk And Conditionsof Participation Form Revised 08.7.14 Part 1 And 2

Risk management is the term used to describe all activities involved in the development and implementation of risk-mitigation strategies. It involves decisions regarding risk acceptability and trade-offs in specific circumstances, risk avoidance goals, and the technical means for achieving them.

Accepting risk, or risk acceptance, occurs when a business or individual acknowledges that the potential loss from a risk is not great enough to warrant spending money to avoid it. Also known as "risk retention," it is an aspect of risk management commonly found in the business or investment fields.

The Acknowledgment of Risk (AOR) form is an effective tool for informing participants about potential risks that come with participation in a youth program, and documenting their decisions to assume those risks. An AOR form must be completed by a parent or guardian for each participant.

Risk management is the continuing process to identify, analyze, evaluate, and treat loss exposures and monitor risk control and financial resources to mitigate the adverse effects of loss. Loss may result from the following: financial risks such as cost of claims and liability judgments.

An employee acknowledgement or policy acknowledgement form is a simple form employees are asked to sign to acknowledge that they have reviewed and understood the company's policies as expressed in onboarding material, the employee handbook, or documentation announcing policy changes.