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The decision to accept risk typically occurs at the management or executive level within an organization. This is because accepting risk involves evaluating potential impacts on the organization’s objectives and requires a comprehensive understanding of both the risks and rewards involved. Senior leaders, such as executives or board members, are usually responsible for making these strategic decisions, often based on recommendations from risk management teams.
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The decision to accept risk should be made at the?
The decision to accept risk should be made at the appropriate level.
A decision to accept risk should be made at?
A decision to accept risk should be made at the organizational level, involving key stakeholders who understand the potential impacts on objectives. This decision should be informed by a thorough risk assessment, evaluating both the likelihood and consequences of the risk. Additionally, it should consider the organization's risk tolerance and strategic goals to ensure alignment with overall mission and values. Finally, documentation and communication of the decision are essential for accountability and ongoing risk management.
An individual must be willing to accept the level of risk his or her supervisor assigns?
false
When is it appropriate to accept a project risk?
all risk must be migrated and transferred
Which is the correct guiding principle of composite risk management?
Accept some unnecessary risk
The decision to accept risk should be made at the?
The decision to accept risk should be made at the appropriate level.
At what level should the decision to accept risk be made at?
The decision to accept risk should be made at the appropriate and correct level. For the United States Army, risk decisions should be made at the lowest level possible.
The decision to accept risk should be at what level?
The decision to accept risk should be made at the appropriate and correct level. For the United States Army, risk decisions should be made at the lowest level possible.
What level should the decision to accept risks be made at?
The decision to accept risk should be made at the appropriate and correct level. For the United States Army, risk decisions should be made at the lowest level possible.
The decision to accept risk should be made at?
The decision to accept risk should be made at the appropriate level.
The decision to accept risk should be made at what level in orm?
the appropriate level
A decision to accept risk should be made at?
A decision to accept risk should be made at the organizational level, involving key stakeholders who understand the potential impacts on objectives. This decision should be informed by a thorough risk assessment, evaluating both the likelihood and consequences of the risk. Additionally, it should consider the organization's risk tolerance and strategic goals to ensure alignment with overall mission and values. Finally, documentation and communication of the decision are essential for accountability and ongoing risk management.
An individual must be willing to accept the level of risk his or her supervisor assigns?
false
Which is one of the four principles of ORM?
Develop an implementation plan for risk control measures.
When is it appropriate to accept a project risk?
all risk must be migrated and transferred
Which is the correct guiding principle of composite risk management?
Accept some unnecessary risk
Which is correct guiding principle of composite risk management?
Accept some unnecessary risk
