Which of the following is the first step in risk management?
A)create perfect hedges to mitigate the risks
B)reduce the likelihood of a threat
C)evaluate the results of the risk management process
D)assess what the threats are

Question

Quizplus · Accepted Answer

The first step in risk management is to assess what the threats are, in order to identify and understand the risks that need to be addressed. Only after this initial assessment can appropriate risk management strategies be developed and implemented, such as reducing the likelihood of a threat or creating perfect hedges to mitigate the risks. Evaluating the results of the risk management process comes later in the overall process.

Which of the Following Is the First Step in Risk