Risk management planning entails selecting how to approach as well as plan risk management operations for the project.
<h3>What exactly is risk management?</h3>
Risk management is the discovery, assessment, and prioritization of risks, followed by the coordinated and cost-effective deployment of resources effectively minimize, monitor, and control the likelihood or impact of unfavorable occurrences or optimize the realization of potential opportunities.
<h3>What exactly is the risk assessment?</h3>
Risk assessment refers to the general process or approach of identifying hazards and risk factors with the potential that may cause harm (hazard identification).
<h3>What precisely is comprehensive
risk management?</h3>
The process of identifying, assessing, and reducing any risk that affects or is inherent in some kind of a company's business strategy, strategic objectives, and strategy execution are known as strategic risk management. Changes in consumer demand and preferences may be among these hazards. Changes in the law and regulations. Pressure from competitors.
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I understand that the question you are looking for is:
_____ involves deciding how to approach and plan the risk management activities for the project.
a. Identifying risks
b. Planning risk management
c. Performing qualitative risk analysis
d. Performing quantitative risk analysis
