A process to assess risks, to determine if risk reduction is required and to develop a plan to maintain risks at an acceptable level
A) Risk management
B) Risk mitigation
C) Risk control

Question

Quizplus · Accepted Answer

Risk management involves identifying, assessing, and prioritizing risks, determining whether risk reduction measures are necessary, and developing and implementing plans to maintain risks at an acceptable level. Risk mitigation usually refers to specific measures taken to reduce identified risks, while risk control generally refers to ongoing monitoring and management of risks.

A Process to Assess Risks, to Determine If Risk Reduction