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There's a 5 step process in risk management. What are they? Comment on them. Please no handwritten...

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Operations Management

There's a 5 step process in risk management. What are they?Comment on them.

Please no handwritten answers.

Answer & Explanation Solved by verified expert
4.3 Ratings (711 Votes)
Risk management is the process where an organization or project identifies evaluate and prioritizes risks associated with it and the steps that need to be taken to minimize the impact It plays an important role in any organizations success as it helps them in being ready for any unforeseen situation or risk There are 5 steps involved in risk management Identifying potential risks The first    See Answer
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