Which of the following shows the correct order of a risk management process?
A) Identify, evaluate, analyse, treat
B) Identify, analyse, evaluate, treat
C) Identify, analyse, treat, evaluate
D) Identify, treat, analyse, evaluate
E) Identify, evaluate, treat, analyse

Question

Quizplus · Accepted Answer

The correct order of a risk management process is to first identify the risks, then analyze and assess them to determine their potential impact, and then evaluate different options for treating or mitigating those risks. Finally, the risks should be treated or managed in accordance with the chosen strategy. Therefore, the correct order is: Identify, analyze, evaluate, treat. Option B follows this order.

Which of the Following Shows the Correct Order of a Risk