Question

    Which of the following forms a part of Risk

    Management?
    A Risk monitoring and control Correct Answer Incorrect Answer
    B Risk identification Correct Answer Incorrect Answer
    C Risk response planning Correct Answer Incorrect Answer
    D B and C Correct Answer Incorrect Answer
    E All of the above Correct Answer Incorrect Answer

    Solution

    Risk Management can be defined as the process of identification, assessment and prioritization of risks by an organization. It also involves coordinated & prudent application of resources so as to control and minimize the risk by controlling the probability and /or impact of unexpected events.

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