The process of identifying risk,assessing its relative magnitude,and takingsteps to reduce it to an acceptable level.
A)risk management
B)risk analysis
C)classification categories
D)risk identification
E)field change order
F)threat assessment
G)risk appetite
H)qualitative assessment
I)residual risk
J)ranked vulnerability risk worksheet

Question

Quizplus · Accepted Answer

The process of identifying risk, assessing its relative magnitude, and taking steps to reduce it to an acceptable level is called risk management. Risk management involves identifying potential risks, analyzing the likelihood and impact of those risks, and implementing strategies to mitigate or avoid them. This process helps organizations minimize their exposure to risks and protect themselves against negative consequences.

The Process of Identifying Risk,assessing Its Relative Magnitude,and Takingsteps to Reduce