BUISENESS MANAGEMENT
RISK MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Minimizes threats, maximizes opportunities and optimizes the achievement of project objectives.
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Reduce the number of threats that materialize into problems and minimize the effects of those that do occur
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Failing to manage risk will result in more problems, higher benefits and a higher chance of project success.
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Results in more opportunities being captured proactively and turned into positive benefits for the project.
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Detailed explanation-1: -Answer: The correct option is “Failing to manage risk will result in more problems, higher benefits and a higher chance of project success” Explanation: Risk management is important in an association because, without it, a firm can’t in any way, shap…
Detailed explanation-2: -Risk management is an important process because it empowers a business with the necessary tools so that it can adequately identify and deal with potential risks. Once a risk has been identified, it is then easy to mitigate it.
Detailed explanation-3: -Risk Analysis: The Most Important Risk Management Stage.
Detailed explanation-4: -Explanation: The main goal of risk management is to reduce the threats from an activity so that harm to the surrounding is minimized.
Detailed explanation-5: -Risk management failures prohibit organizations from meeting their goals, thus determining repetitive – and sometimes of exponential magnitude – business and project failures.