The initial step in the risk management process is to
A) determine the level of acceptable risk.
B) assess the risk potential.
C) identify the risks.
D) set aside funds for managing the risks.
E) appoint a risk manager.

Question

Quizplus · Accepted Answer

Identifying the risks is the initial step in the risk management process. This involves recognizing potential risks that could affect the project or organization before any further steps such as assessment or mitigation can be taken.

The Initial Step in the Risk Management Process Is to