Question

Match the phrase (or word) on the left with the numbered description on the right. Phrase Description A. SARA 1. This process describes the organization and the prediction of the order in which risks will occur. 2. This acronym represents the standard ways in which people and organizations can attempt to deal with risks. 3. This phrase emphasizes the fact that managing risk is the most important part of any project. 4. This phrase includes the processes of identifying, prioritizing, planning for, recognizing and mitigating risks. 5. This phrase represents the continuation of an organization, including continuing operations after a detrimental event, such as a hurricane or the loss of a key employee. 6. This phrase is a result of systematic ordering of risks based on their likelihood of occurrence and the impact of their occurrence. 7. This phrase represents the process of identifying and compiling all the risks associated with a project, process or organization. B. Business Continuity C. Risk Management D. Risk Inventory E. Risk Priority

Answer 1

Answer:

The phrase questions on the left such as SARA, Business continuity, Risk Management, Risk inventory, Risk priority are all matched with the phrase description on the right, and explained below in the explanation section.

Explanation:

Solution

SARA: this refers to  the standard ways in which people and organisation can attempt to deal with risk

Business continuity: The phrase represent the continuation of an organisation including continuing operations after detrimental event such as hurricane or the loss of a key employee.

Risk management: this phrase refers to  the process of compiling  and identifying all the risk involved with a project process or organisation.

Risk inventory: this phrase is a result of systematic ordering of risk based on the likelihood of occurrence and the impact of their occurrence.

Risk priority: the phrase includes the processes of identifying, prioritising planning for organising and mitigating risk.