BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The risk management process
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Initiate, identify, assess, plan response
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Identify, assess, plan response, initiate
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Assess, plan response, identify, initiate
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Plan response, identify, assess, initiate
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Explanation:
Detailed explanation-1: -Since project managers and risk practitioners are used to the four common risk response strategies (for threats) of avoid, transfer, mitigate and accept, it seems sensible to build on these as a foundation for developing strategies appropriate for responding to identified opportunities.
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