A list and short description of the five risk-control strategies should be provided.
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A list and short description of the five risk-control strategies should be provided.
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Solved in 2 steps
- Define risk appetite and residual hazards. Real-world scenarios may demonstrate the risk appetite-residual risk trade-off.The output of Risk identification is: Select one: a. Risk description b. Risk assessment c. Root cause analysis d. Dependibility requirementsRisk tolerance and residual hazards must be specified. Using a real-world example, the trade-off between risk appetite and residual risk may be shown.
- There should be a list and short explanation of the five methods of risk management.A recommended approach is that the people assigned to implement a risk management program should begin by studying the models presented earlier in this chapter and identifying what each offers to the envisioned process. Once the organization understands what each risk management model offers, it can adapt one that is a good fit for the specific needs at hand. Which risk control strategy would you consider the most effective and why? When should the strategy be used and why should it not be used for all risks?Please provide a concise explanation for each of the five different risk-control techniques.
- It is critical to identify the five risk-control techniques and provide a concise explanation of each.Risk reduction strategy(ies) is (are): Select one: a. Damage limitation b. Risk avoidance, Risk detection and removal, and Damage limitation c. Risk detection and removal d. Risk avoidanceThe output of Risk analysis is: Select one: a. Risk assessment b. Dependibility requirements c. Root cause analysis d. Risk description