Risk management is the duty of every employee in a company and it process have taken on strategic relevance in most organizations. Risk management refers to a strategy for reducing the likelihood of an event occurring and/or minimizing or containing the consequences if it does. Running a business always involve to range of risks and those risks are significantly impact to the employees, workflow, business environment, property and financial performance of the organization. Hence should give special consideration for identify the nature of the risk, Mitigation or control of the risk and managing the impact of the risk. However risk Management process contain five basic steps and those are identify potential risk, analyzing the risk, evaluating the risk, Treating the risk and monitor & reviewing the risk. Risk awareness and effective communication are two essential skills for effective risk management process and senior managers are responsible for health and safety, environmental impact, and financial strength and they will aim to delegate responsibility for effective risk management to those who provide the service directly. Hence the level of risk bore by the facilities team is very important and facility manager can adopt on risk management responsibilities and develop a risk management strategy. AS well as facilities manager must be able to recognize the major classes of relevant risk and apply models for determining an organization's risk exposure and determining the level of control that can be exercised over specific risks. Hence facilities manager with risk responsibilities needs a range of skills to driven for an effective risk management process. 

Reference : 

https://silo.pub/facilities-management-theory-and-practice.html