A realistic approach to managing risk is to
A) wait until the risk occurs then manage it.
B) brainstorm possible risks and assess their likelihood of occurrence and level of impact.
C) determine all the possible risks that could occur and add in contingencies into the project.
D) have a staff member assigned to only work on mitigating risks for projects.

Question

Quizplus · Accepted Answer

Brainstorming possible risks and assessing their likelihood of occurrence and level of impact is a realistic approach to managing risk. This allows for proactive planning and implementation of mitigation strategies before the risks occur, rather than just waiting to react after a risk has already happened.

A Realistic Approach to Managing Risk Is to