What is the difference between risk management and risk control?

Answer:

Risk Management and Risk Control

Risk Control is a somewhat obscure term, particularly in comparison to the much more familiar term Risk Management. Google returns fewer than nine hundred thousand hits for RC, whereas it returns almost ten million for RM.

RC seems to be a term mainly associated with reducing hazards in the workplace. RM is a term used in all sorts of business contexts, particularly in engineering forms and manufacturing companies, and is an activity that deals primarily with identifying, assessing, and mitigating potential problems that, should they occur, would have a negative impact on a project or program.