BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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risk aggregation
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risk management
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risk decomposition
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None of the above
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Detailed explanation-1: -A risk breakdown structure (RBS) is a chart that shows project risks in order of severity and likelihood. These risks are often in separate groups, depending on the kind of risks they are. Organizing risks into categories can make it easier to cover every possibility.
Detailed explanation-2: -They could access industry research or trend reports that will highlight common risks. You can also pay attention to your competitors or companies similar to yours. Any losses, risk management successes, news releases, or even legal precedents can help you identify the same types of risks in your organization.
Detailed explanation-3: -There are five core steps within the risk identification and management process. These steps include risk identification, risk analysis, risk evaluation, risk treatment, and risk monitoring.