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Identify the Following Terms

question 31

Short Answer

Identify the following terms.
-Nyame


Definitions:

Risk Response Plan

A strategic approach to identifying, assessing, and developing options and actions to deal with potential threats or opportunities.

Total Risk

The complete range of potential threats to the success of a project or investment, encompassing both known risks and those that cannot be anticipated.

Risk Breakdown Structure

A hierarchical decomposition of risks into categories and subcategories, intended to organize and manage risks more effectively.

Risk Avoidance

A strategy aimed at eliminating or avoiding specific threats or risks to project or business activities.

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