Best practices in approaching risk management include the following steps except:
A) identify risks.
B) calculate revenue losses from risks.
C) analyze and assess risks.
D) design strategies for managing risk.
E) measure, monitor and report risks.

Question

Quizplus · Accepted Answer

Calculating revenue losses from risks is more of a consequence of risk identification and assessment rather than a best practice in approaching risk management itself. Best practices focus on identifying, analyzing, designing strategies, and monitoring risks.

Best Practices in Approaching Risk Management Include the Following Steps