The first phase of risk management is _________.
A) risk identification
B) design
C) risk control
D) risk evaluation

Question

The first phase of risk management is _________.
A) risk identification
B) design 
C) risk control
D) risk evaluation

Quizplus · Accepted Answer

The first step in risk management is to identify and recognize the risks that may impact a project or organization. This step involves identifying potential risks and documenting them in a risk register or similar format. Once the risks have been identified, they can be analyzed, evaluated, and classified based on their likelihood and impact, and appropriate risk mitigation and control strategies can be developed. Therefore, the correct option is A) risk identification.

The First Phase of Risk Management Is _________