Risk management in the context of sustainability in business – case study

The national and international macroeconomic and financial context has remained steady in recent years, contributing to some protection for organizations. However, we cannot say that organizations are not subject to risks, which means that risk management is considered a component of management that can be found at any organizational level. Managers manage the organization's revenue and costs through a performance system. They manage risks at the economic entity level, be they financial, economic, strategic, or operational, using quantitative instruments or with professional experience and reasoning. Addressing risk as a whole has become much more important with globalization. Thus, mathematical modeling of risk became important, and companies allocated much more time to this aspect. The potential exposure of organizations to internal and external risks determines that each legal entity has a proactive approach from the point of view of risks. This paper aims to analyze the methods of identifying and assessing economic risks, mainly in the context of company sustainability, using qualitative tools for risk measurement. The case study is carried out on a construction company.