best choice when handling risk
It is when the risk actually becomes an event. For example, there is a risk of fraud. The crystalisiation of that risk of fraud is when the actual fraud happens.
The best way to handle risk is to reduce it as much as possible by taking steps to ensure success. You never want to blame someone else when you fail.
The value and risk assessment study is an example of the management aspect in the feasibility study.
Risk management involves identifying the risk and making a risk analysis, devising a plan and monitoring the risks and controlling them. All these should be reflected in the risk briefings.
best choice when handling risk
It is the risk that remains after others have been eliminated.
It is when the risk actually becomes an event. For example, there is a risk of fraud. The crystalisiation of that risk of fraud is when the actual fraud happens.
exposure to certain chemicals increasing the risk of cancer
risk
There is no risk
Risk Factors
The relative risk of a proposed project is best accounted for by
Collision-Risk Factors
drug abuse
Base jumping.
A positive risk is something that you do that is dangerous but has a good potential outcome. An example is investing money.