BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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True
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False
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Either A or B
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None of the above
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Detailed explanation-1: -Probability Analysis-a technique used by risk managers for forecasting future events, such as accidental and business losses. This process involves a review of historical loss data to calculate a probability distribution that can be used to predict future losses.
Detailed explanation-2: -Risk management is responding to a negative event when it occurs. With respect to IT security, a risk can result in either a positive or a negative effect.
Detailed explanation-3: -Comment: Risk management is responsibility of a whole project team. They should identify the risks as early as possible and come up with the ways to deal with them. 3.
Detailed explanation-4: -Risk management is not worrying. It’s not about fretting and constructing worst-case scenarios. A risk management program is not designed to freeze an organization because of the fear of what might happen.