What Is the FIRST Step Required in Establishing a Records

question 20

Multiple Choice

What is the FIRST step required in establishing a records retention program?

• A) Classify records based on sensitivity
• B) Identify and inventory all records storage locations
• C) Identify and inventory all records
• D) Draft a records retention policy

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Definitions:

People Risks

Risks associated with the individuals involved in a project or business, such as skill shortages, personality conflicts, or turnover.

Cost Risks

Potential financial uncertainties that could impact the budget of a project or investment, leading to potential overruns or losses.

Schedule Risks

Potential events or uncertainties that could impact the planned timeline of a project, possibly causing delays or advancement.

Complexity Profile

An analysis or assessment of the various factors that contribute to the complexity of a project or system, including variables, interdependencies, and uncertainties.