When reliable forecasting is not available, managing risk can be implemented through:
A)Alertness
B)Responsiveness
C)Avoiding large scale commitment
D)All of the above

Question

Quizplus · Accepted Answer

When reliable forecasting is not available, managing risk is best done through a combination of alertness, responsiveness, and avoiding large scale commitment. Being alert to changes and potential risks, being responsive to new information and adapting plans as necessary, and avoiding large scale commitment until uncertainty is reduced are all important strategies for managing risk in situations without reliable forecasting. Therefore, option D, "All of the above", is the best choice.

When Reliable Forecasting Is Not Available, Managing Risk Can Be