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Risk management is the proactive management of any uncertain circumstance (positive or negative) that might impact the project's chance of success. Risk management involves several processes that need to be continually executed throughout the life of a project for success. Some traditional risk management programs are focused on risks stemming from physical or legal causes (e.g. natural disasters or fires, accidents, ergonomics, and death. Financial risk management, on the other hand, focuses on risks that can be managed using traded financial instruments. In businesses, risk management entails organized activity to manage uncertainty and threats and involves people following procedures and using tools in order to ensure conformance with risk-management policies.