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The risk management model includes risk planning risk identification risk handling and risk monitoring.?
risk planning, risk identification, risk handling, risk monitoring
What does risk management encompass?
Risk Management encompasses the following:- Risk Identification- Risk Quantification and Analysis- Risk Response and Control
What is the risk identification advantage gained by preforming an operational analysis?
What is the wingman concept as it relates to risk management
What is the Output of Risk Identification process?
The risk register is a document that contains the output of the risk identification process. The risk register will be constantly updated with a lot of information from other risk management processes. To begin, you store the following information from the risk identification process in the risk register:• List of identified risks - These are the risks that you identified in the risk identification process. These risks should be described in reasonable detail, which may include the following:o The risks - The definition and nature of each risk and the causes that will give rise to the risk.o List of the root causes of the risks - This is a list of events or conditions that might give rise to the identified risks.o Updates to risk categories - Risks categories were originally identified in the risk management planning process. However, in the process of identifying risks, you might discover new categories or modify existing categories. The updated risk categories must be included in the risk register. • List of potential responses - Risk response planning is a separate process that is performed after risk analysis. However, during risk identification, you might identify potential risk responses that you must document in the risk register. These responses can be further examined and planned in the risk response planning process.
What is the risk identification advantage gained by performing an operational analysis?
Required resources and responsibilities become clear to everyone
