What is the final step in risk management?

Name: What is the final step in risk management?
Brand: Quizplus
Rating: 4.9 (45 reviews)

Question

Quizplus · Accepted Answer

Reviewing and monitoring is the final step in risk management as it involves regularly checking and evaluating the effectiveness of the risk management plan and making updates as necessary. Identification, analysis, and reduction are important steps in the risk management process, but they precede the final step of reviewing and monitoring.

What Is the Final Step in Risk Management