Question

    From the following in which of the step of risk

    management we check ‘How will the risk affect us’ and consider probability and impact of operations:
    A Evaluate the risk Correct Answer Incorrect Answer
    B Analyze the risk Correct Answer Incorrect Answer
    C Treat the risk Correct Answer Incorrect Answer
    D Monitor and review the risk Correct Answer Incorrect Answer
    E Identify the risk Correct Answer Incorrect Answer

    Solution

    Once risks are identified thereafter organization determine the likelihood and consequence of each risk. Develop an understanding of the nature of the risk and its potential to affect business goals and objectives. This information is also entered in the Risk Register. Risk analysis deals with How risk is going to affect business, consider probability and impact to operations and check whether it is high or low.

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