V. SIVA RAMA KRISHNA*, PRIYANKA SRIVASTAVA
Objective: To review the risk in pharmaceutical industries and the risk management process and tools. There is risk always inanything we do. All the industries on this globe perform actions that involve risks;risk is only dangerous when there is no anticipation to manage it. Risks if assessed and controlled properly will benefit theindustries against the fall and makes stronger. Risk should not be assessed as bad, but should assessas an opportunityfor making things resilient by proper management. Risk management can benefit industries from disasters either natural or human. The impact of the risk should be assessed in order to plan alternatives and minimize the effect of the impact. Risk in pharmaceutical industry is very high because it involves research, money and health. The impact is severe and the probability of therisk is more often in pharmaceutical industry. A risk management plans and control measures will help the companies to do better at the time of uncertainties and create positive opportunities to turn those risks into benefits which maximizequality. Materials and Methods: The information was collected and compiled from scientific literature present in different databases and articles, books. Results: The risk management process and tools helps to minimize the risk and its effects. Conclusion: The risk management is at the core of any organization. Risk management should be part of organization culture. The risk management is a wise investment if properly processed.