BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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measure the frequency and severity of potential losses.
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monitor the results of the program.
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Identify the risks and potential losses
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evaluate the alternatives.
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Detailed explanation-1: -It starts with identify the risk, analyze the risk, prioritize the risk, treat the risk, monitor the risk. They first identify the risk management of the project. As a result, the risk management program is to identify the risks and potential losses. Therefore, option (c) is correct.
Detailed explanation-2: -Step 1: Risk Identification The first step in the risk management process is to identify all the events that can negatively (risk) or positively (opportunity) affect the objectives of the project: Project milestones. Financial trajectory of the project.
Detailed explanation-3: -Identifying and locating potential hazards is the first step in a risk assessment. Several different types of hazards should be considered.
Detailed explanation-4: -The first step of the risk management process is called the risk assessment and analysis stage. A risk assessment evaluates an organization’s exposure to uncertain events that could impact its day-to-day operations and estimates the damage those events could have on an organization’s revenue and reputation.