Understanding the relationship between Risk Management and Knowledge Management: A literature review and extension

Risk Management (RM) and Knowledge Management (KM) have mostly been treated as separate management philosophies. Some research has been conducted to apply the principles of KM in establishing RM plans. To a lesser extent, research has been conducted to apply the philosophies of RM to identify knowledge gaps and maintain corporate knowledge. More research is needed to further understand the links between the two philosophies and how they can be synthesised to increase success. The two management philosophies are complementary and principles of both can be combined in a comprehensive manner to benefit both academia and industry.