Which of the Following Shows the Correct Order of a Risk

question 10

Multiple Choice

Which of the following shows the correct order of a risk management process?

• A) Identify, evaluate, analyse, treat
• B) Identify, analyse, evaluate, treat
• C) Identify, analyse, treat, evaluate
• D) Identify, treat, analyse, evaluate
• E) Identify, evaluate, treat, analyse

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Definitions:

Composite Score

An overall score derived from combining several individual scores, often used in assessments or evaluations.

Public Transit

A system of various transport modes such as buses and trains operated by a city or region to provide a shared travel service to the public.

Labour Cost

The total amount of money that businesses have to pay to their employees, encompassing wages, benefits, and taxes.

Sensitivity

The degree to which the output of a model or system reacts to changes in input parameters or assumptions.