The Five Steps of Risk Management Include

question 8

Multiple Choice

The five steps of risk management include:

• A) Identify risks, consider likelihood, evaluate risks, treat the risks, review and evaluate
• B) Identify risks, consider consequences, evaluate risks, treat the risks, review and evaluate
• C) Establish the context, identify risks, evaluate risks, treat the risks, review and evaluate
• D) Evaluate risks, treat the risks, develop contingency plans, take out insurance, review

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Definitions:

Evaluation Research

A systematic method for collecting, analyzing, and using information to answer questions about projects, policies, and programs, particularly about their effectiveness and efficiency.

Secondary Data Analysis

The process of analyzing data that was collected by someone else for a different purpose.

Ethical Violations

Actions or behaviors that breach established codes of conduct or moral principles, often resulting in professional or legal consequences.

Experiments

are systematic investigations conducted to test hypotheses, involving controlled variables to determine effects and outcomes.