Within the ERM Framework, the Sequence of Tasks Is Objective

question 60

True/False

Within the ERM framework, the sequence of tasks is objective setting, event identification, risk assessment, and risk response.

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Definitions:

Forecasting Data

The use of historical data and analysis to make informed predictions about future trends, sales, demands, or other metrics.

Scenario Analysis

A method of evaluating potential future occurrences through the exploration of different potential outcomes or situations.

SWOT Analysis

A strategic planning tool used to identify and understand the Strengths, Weaknesses, Opportunities, and Threats related to business competition or project planning.

"If...Then..."

A logical statement or conditional expression indicating that if one thing happens, then another will follow.