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Question
What Is The First Step In Risk Management?
What Is The First Step In Risk Management?
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Solution
The first step in Risk management is Risk identification.
Risk identification forms the basis for the development of risk management and control.
The risk management process involves totally six steps, which includes:
- Risk identification
- Risk assessment
- Risk measurement and Analysis
- Risk evaluation
- Risk treatment
- Risk monitoring and Review
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The first step in Risk management is Risk identification.
Risk identification forms the basis for the development of risk management and control.
The risk management process involves totally six steps, which includes:
- Risk identification
- Risk assessment
- Risk measurement and Analysis
- Risk evaluation
- Risk treatment
- Risk monitoring and Review
Explore more such questions and answers at BYJU’S.
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