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The best level of risk for the total mission.
The best level of risk for the total mission.
The goal is to reduce possible any negative effects while retaining positive outcomes. Through a strategic approach, you can assess the risks you face and reduce them to preferred levels.
Determine whether the benefits of the mission outweigh the reduced level of risk.
Determine whether the benefits of the mission outweigh the reduced level of risk.
Understand the situation the risk refers
can the managers avoid making decisions
In composite risk management, the purpose of developing controls and making decisions is so you can reduce or even eliminate the problem. This must be done as quickly as possible and the decisions need to be made known to the entire team.
Make risk control decisions and implement control measures
Make risk control decisions and implement control measures
The purpose for developing controls and making risk decisions is to determine whether the risk is reduced enough that the benefits outweigh the risk of loss .
five steps of the deliberate risk management process