A Realistic Approach to Managing Risk Is to

question 28

Multiple Choice

A realistic approach to managing risk is to

• A) wait until the risk occurs then manage it.
• B) brainstorm possible risks and assess their likelihood of occurrence and level of impact.
• C) determine all the possible risks that could occur and add in contingencies into the project.
• D) have a staff member assigned to only work on mitigating risks for projects.

---

Definitions:

Prognostic Software Profiles

Software tools that predict the future condition or failure of equipment and systems based on their current and historical operational data.

Spring Pin

A type of fastener used to secure two or more components together, made from sprung (elastic) steel allowing it to compress and then expand for a secure fit.

Zerk Fitting

A grease fitting used to deliver lubricant under pressure into a specific location, commonly found in mechanical systems like automotive suspensions.

Trailer Pintle Hook

A type of tow hitch that uses a pivoting arm and hook mechanism to connect a trailer to a towing vehicle.