what are the three basic choices in risk management
Awareness, educational, avoidance
When someone is involved in risk management, they should identify risks and assess vulnerability. People involved with risk management should also identify the risk.
A risk that equals or is less than the reward.
A necessary risk with benefits that outweigh the costs
Accept some unnecessary risk
Accept no unnecessary risk is not one of the four risk management principles.
haxards
deliberate
the three basic categories of control?
Real time Risk Management is used
deliberate and real-time
Estimate the probability and severity and then determine the risk level using the risk assessment matrix