BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Strategies typically used to deal with threats or risks that may have negative impacts on project objectives if they occur include all of the following EXCEPT:
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Interpreting
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Avoiding
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Transferring
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Mitigating
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Explanation:
Detailed explanation-1: -The five basic strategies to deal with negative risks or threats are Escalate, Avoid, Transfer, Mitigate and Accept. Risk strategy is applied on the basis of the risk exposure. Now, how do you evaluate risk exposure, you do it on the basis of risk probability and its impact on the project objectives?
Detailed explanation-2: -The following are strategies for handling negative risks or threats: avoid, transfer, mitigate, or accept.
There is 1 question to complete.