Analysis includes
- identifying risks
- monitoring risks
- analyzing risks
- planning responses, such as risk
- avoidance
- acceptance
- transfer
- mitigation
- implementing planned responses.
Process/Skill Questions:
- What is the definition of risk? What is risk management?
- What are some examples of risk avoidance, risk acceptance, risk transfer, and risk mitigation?
- What processes, tools, and resources are used to identify risks?
- Is there such a thing as “zero” risk? Explain.