The three risk management controls are:
A) Preventative, deterrence and collateral.
B) Preventative, detective and collateral.
C) .Proforma, detective and corrective.
D) .Preventative, detective and corrective.

Question

The three risk management controls are:
A) Preventative, deterrence and collateral.
B) Preventative, detective and collateral.
C) .Proforma, detective and corrective. 
D) .Preventative, detective and corrective.

Quizplus · Accepted Answer

Preventative controls aim to avoid or minimize the likelihood of risks occurring, detective controls help to identify events that have occurred and corrective controls mitigate the impact of an event that has occurred. Collateral controls involve transferring risk to another party or accepting it, but is not one of the three main control types. Proforma is not a type of risk management control. Therefore, the best choice is D.

The Three Risk Management Controls Are