BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which is the correct flow of Risk Assessment?
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Evaluation > Identification > Analysis
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Analysis > Evaluation > Identification
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Identification > Analysis > Treatment
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Identification > Analysis > Evaluation
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Explanation:
Detailed explanation-1: -Risk assessment breaks down into: Step 1: Identification. Step 2: Analysis. Step 3: Evaluation.
Detailed explanation-2: -Identify the hazards. Decide who might be harmed and how. Evaluate the risks and decide on control measures. Record your findings and implement them.
Detailed explanation-3: -There are five basic steps that are taken to manage risk; these steps are referred to as the risk management process. It begins with identifying risks, goes on to analyze risks, then the risk is prioritized, a solution is implemented, and finally, the risk is monitored.
There is 1 question to complete.