BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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During the risk assessment phase, we will determine for each identified risk ____
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a priority to create a ranked list of risks
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a riskiness value to decide if we cancel this part of the project
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its breaking point which indicates the cancellation of the project
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its breaking point which indicates to revise and follow up the project
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Explanation:
Detailed explanation-1: -Risk evaluation – the process of comparing an estimated risk against given risk criteria to determine the significance of the risk.
Detailed explanation-2: -Risk assessment is the name for the three-part process that includes: Risk identification. Risk analysis. Risk evaluation.
Detailed explanation-3: -Step 4: Risk monitoring Monitoring the status of risks, monitoring the effectiveness of mitigation plans implemented, and consulting with key stakeholders are all parts of the risk monitoring step.
Detailed explanation-4: -During the execution phase, risks are checked off as activities are completed or mitigation is performed if loss does occur.
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