what condition should be fulfilled before retention is used in a risk management. program

Q: Differentiate qualitative and quantitative assessment of risks.

A: Qualitative risk analysis tends to be more subjective and focuses on distinguishing risks to measure…

Q: variances

A: Variance is an observable deviation from a known norm or baseline in the project management…

Q: Describe why identifying potential risks is important in program planning

A: The objective of the question is to understand the importance of identifying potential risks in…

Q: Your company has charged you with the responsibility of developing a risk management programme. The…

A: Impact:- The amount of harm that could be caused by an event is its impact. An event's impact is…

Q: xplain the definition of the audit expectation gap? Then, discuss some approaches toreducing the…

A: The financial statements may contain misstatements, and any other fraudulent activities and auditing…

Q: explain risk analysis team functions

A: Risk analysis is crucial aspect of operational management that involves identifying, assessing, and…

Q: What are the phases of the risk management process.

A: The phases of the risk management process are as follows: 1. Risk identification: There can be many…

Q: Give a short description of each of the five risk management methods.

A: Five risk management methods are-  Avoidance Retention Sharing  Transferring Loss Prevention

Q: Discuss briefly the sub processes of risk management

A: Every business whether small or large has to face various challenges and take risks. The process of…

Q: The purpose of doing a risk analysis.

A: Risk in business terms can be defined as something that possess a threat to the profit-generating…

Q: Explain Risk Transfer and Risk Retention as aspects of risk control by giving at least one example…

A: Risk management: It involves various management activities to identify, manage, control, and respond…

Q: Nite a "letter of rejection" from Manager, National Bank of Oman to Mr. Abdullah Ali Al Hinai who…

A: A "letter of rejection" from Manager, National Bank of Oman to Mr. Abdullah Ali Al Hinai who has…

Q: What are the six types of Risks in Risk Management?

A: Risk Management:  It can be defined as the process of identification, evaluation, and prioritization…

Q: what is risk identification, risk analysis, risk planning, and risk monitoring of risk management…

A: Risk can be explained as the term that may deviate the outcome from the one that was expected from…

Q: mportance of risk management from client's perspectives

A: Risk management is the process of identifying, assessing, and mitigating risks to minimize their…

Q: Distinguish between the information and statistics views in risk management. Information and…

A: Risk management encompasses a good sort of activities, a number of which are purely statistical in…

Q: What are the three risk management dimension

A: The three dimensions of risk management are:- 1- Risk Analysis 2- Risk Evaluation 3- Risk Handling

Q: Explain the primary purpose of a cost-allocation system. Explain the difference between a…

A: A cost-allocation system is method used to allocate costs to specific products, services,…

Q: Write a 1,500-word paper on the following: 1.       Describe the…

A: The U.S. health care system is novel among front line industrialized nations. The U.S. doesn't have…

Q: What methodologies can be employed to quantify the potential financial impact of identified risks?

A: Quantifying the potential financial impact of identified risks is a crucial step in the process of…

Q: Breif the 5 risk control techniques

A: "Risk control" refers to a set of techniques used by firms to assess potential losses and take…

Q: Discuss or expand on threats and plans to address risk assessments. should plans plans for security,…

A: Effective risk assessments, security plans, and ethical training are critical components of a…

Q: In your own words outline the purpose of risk management and the risk management framework. (50-100…

A: The purpose of risk management and the risk management framework in business organizations is to…

Q: Explain the difference between Risk and a Threat

A: ANSWER: The difference between Threats and risk are: Threats have fear to stealing or damaging of…

Q: A self-insured organization needs a(n)     Third-party administrator (TPA).     Recordkeeping…

A: A self-insurance organization is a case in which a company that is responsible for some risk does…

Q: Which of the following is NOT a type of risk? O Ideological O Technical

A: Risk can be described as a possibility of loss, damage or negative result which might happen during…

Q: What are the advantages and limitations of residual income (RI) as a performance measure?

A: Residual Income: The residual income approach is the measurement of the net income that an…

Q: What are the risk management processes? Explain each

A: The proper functioning of an organization can be adversely impacted due to various risks involved in…

Q: Explain the relationship between scenario analysis and risk management.

A: Introduction Scenario analysis is a method or it is a tool which is used by the risk managers to…

Q: Create an expense report.

A: Expense report:  An expense report follows expenses that have been incurred throughout the course of…

Q: How can we explain the differences between legal risks and liability issues to someone who has never…

A: Telemedicine is the use of telecommunications technology to provide healthcare services remotely.…

Q: Voluntary Accreditation provides numerous, specific benefits to public health agencies that are…

A: SOLUTION:  The voluntary accreditation process, businesses can assess and enhance their performance…