answersLogoWhite

0

best choice when handling risk

User Avatar

Wiki User

10y ago

What else can I help you with?

Continue Learning about Management

When handling risk what can be your best choice?

The choice which you are the most sure of it's potential scenario's. Therefore, you can determine potential effects which could occur in different scenario's. Handling those effects means controlling the risk to most extent. -DuLastyerie


Which of the following in the best choice when handling risk What is the answer a risk avoidance b Total risk acceptance c Risk reduction and resdual acceptance d Transferring risk?

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.


When handling risk what is the best choice risk reduciton and residual acceptance?

When handling risk, the best choice often depends on the specific context and nature of the risk involved. Risk reduction aims to minimize the likelihood or impact of a potential negative event through proactive measures, making it a preferable strategy when feasible. Residual acceptance, on the other hand, acknowledges that some risks may remain even after mitigation efforts and involves accepting those risks as a part of the overall risk management strategy. Ideally, a combination of both approaches is often employed to create a balanced and effective risk management framework.


The risk management model includes risk planning risk identification risk handling and risk monitoring.?

risk planning, risk identification, risk handling, risk monitoring


Monitoring the performance of risk handling actions is involved in which step of the risk management process?

Risk analysis

Related Questions

When handling risk what can be your best choice?

The choice which you are the most sure of it's potential scenario's. Therefore, you can determine potential effects which could occur in different scenario's. Handling those effects means controlling the risk to most extent. -DuLastyerie


Which of the following in the best choice when handling risk What is the answer a risk avoidance b Total risk acceptance c Risk reduction and resdual acceptance d Transferring risk?

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.


When handling risk what is the best choice risk reduciton and residual acceptance?

When handling risk, the best choice often depends on the specific context and nature of the risk involved. Risk reduction aims to minimize the likelihood or impact of a potential negative event through proactive measures, making it a preferable strategy when feasible. Residual acceptance, on the other hand, acknowledges that some risks may remain even after mitigation efforts and involves accepting those risks as a part of the overall risk management strategy. Ideally, a combination of both approaches is often employed to create a balanced and effective risk management framework.


The risk management model includes risk planning risk identification risk handling and risk monitoring.?

risk planning, risk identification, risk handling, risk monitoring


Monitoring the performance of risk handling actions is involved in which step of the risk management process?

Risk analysis


What is the best choice for neutralizing spilled acid?

The best choice for neutralizing spilled acid is to use a base, such as baking soda or a commercial acid neutralizer. It is important to wear protective gear and follow safety guidelines when handling and neutralizing acid spills.


What is the best handling vehicle?

Best handling semi affordable one would be a corvette.


Risk handling actions is involved in which step of the risk management process?

Risk handling actions are involved in the risk response planning step of the risk management process. This step focuses on developing strategies to address identified risks, including mitigation, transfer, acceptance, or avoidance. By implementing these actions, organizations aim to minimize the impact of risks on project objectives and overall performance. Effective risk handling ensures that risks are proactively managed throughout the project's lifecycle.


The risk of physical contamination can be reduced by?

washing hands before handling food.


What are the risk an auditor encounter when auditing in an organisation?

handling of invoices,files and errors in invoices


How does communication reduce the risk of manual handling?

to be trained on how to lift and carry heavy objects


Is studying IT is the best choice?

Yes if its ur choice and u have great interest in it...its a best choice...