BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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As part of the ISO 31000 risk management process, ‘monitoring and review’ is best thought of as which of the following?
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An extra stage
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A feedback loop
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Part of risk assessment
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none of above
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Explanation:
Detailed explanation-1: -The final stage of a successful risk management strategy that follows the ISO 31000 framework is monitoring and reviewing risk criteria, analysis, treatment, and the framework itself. A comprehensive risk strategy involves continuous evaluation as the organisation evolves.
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