Asked by Shayle Lliaban on Jul 04, 2024
Verified
_____ is about developing an understanding of which potential risks have the greatest possibility of occurring and can have the greatest negative impact on the project.
A) Risk mitigation
B) Risk sharing
C) Risk generalization
D) Risk evaluation
E) Risk management
Risk Mitigation
Strategies and methods implemented to reduce the severity, impact, or likelihood of potential risks to a project or organization.
Risk Evaluation
The process of identifying, assessing, and prioritizing risks to an organization or project, followed by coordinated efforts to minimize or manage the impact of these risks.
Risk Management
The process of identifying, assessing, and controlling threats to an organization's capital and earnings, including both strategic and operational risks.
- Grasp the foundational concepts of risk management, encompassing the identification, assessment, mitigation, and sharing of risks.
Verified Answer
Learning Objectives
- Grasp the foundational concepts of risk management, encompassing the identification, assessment, mitigation, and sharing of risks.
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