Which action is part of the second step of a risk management program analysis?
A) Classification of risks
B) Deciding on an action
C) Determining risk control methods
D) Systematic risk analysis

Question

Quizplus · Accepted Answer

The second step of a risk management program analysis involves the classification of risks. This step involves identifying and categorizing the different types of risks faced by an organization, which is essential for developing an effective risk management plan. Once the risks have been classified, the next step is to determine the appropriate risk control methods to reduce these risks. Systematic risk analysis and deciding on an action are later steps in the process.

Which Action Is Part of the Second Step of a Risk