Explanation:
The risk management cycle comprises risk identification, risk assessment, risk mitigation, and risk monitoring. Evaluating the probability of a risk occurring and its severity or impact is the definition of Risk Assessment.
Ultimate access to all questions.
Q.39 Which of the four main tasks that make up the risk management cycle involves evaluating the probability of a risk occurring and its severity or impact if it does occur?
A
Risk identification
B
Risk assessment
C
Risk mitigation
D
Risk monitoring
No comments yet.