BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Once all risks are identified, the next step in the risk management process is to ____ the risks.Page 51
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control
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evaluate
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transfer
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enforce
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Explanation:
Detailed explanation-1: -There are five basic steps that are taken to manage risk; these steps are referred to as the risk management process. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.
Detailed explanation-2: -Identify the risk. Assess the risk. Treat the risk. Monitor and Report on the risk.
Detailed explanation-3: -Risk Evaluation. After the potential risks have been identified, the project team then evaluates the risk based on the probability that the risk event will occur and the potential loss associated with the event.
There is 1 question to complete.