Business, 16.09.2019 08:30 jhonpiper

Risk management is a systematic process, and the correct order of the steps is:

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Answer from: jb141553

Risk management is a systematic process where its objectives are to identify, to assess, and to control risks. These risks arise from operational factors and making decisions that maintains the balance between risk costs with the mission benefits. The correct steps are the following: First, the risk must be identified. This means that the team must first uncover, recognize and describe the risks that might possibly affect the project or its outcomes. Second, the risk will then be analyzed. It is in this step that the team must consider the consequences of each risk according to the nature of the risk. The potential to affect project goals will also be identified. Third, evaluation and ranking of risks will take place. The magnitude of the risks will be part in the decision-making whether they are acceptable or whether they are serious enough to warrant treatment. Fourth, the risk must be treated. This is also known as the Risk Response Planning. The highest ranked risks must be identified and plans must be made to treat or modify these so that the desirable risk levels will be attained. Lastly, the risks shall then be monitored and reviewed. In this way, all the uncertainties, unpleasant surprises and barriers will be fully monitored and if the team is determined, golden opportunities will instead be achieved.

Answer from: nestergurl101

The answer would be:

Step 1. Identify hazards. (recognizing which things that could potentially caused problem for our business)

Step 2. Assess hazards to determine risks. (Evaluating which hazards that should be dealt before it endanger the company)

Step 3. Develop controls and make risk decisions (craeting some solutions to deal with that hazard).

Step 4. Implement controls. (make sure that the solution is being enacted)

Step 5. Supervise and evaluate (collect data to see whether the solution is working or not)

Answer from: Quest

The federal reserve took an expansionary approach during the crisis. this was done by expanding the money supply and boosting liquidity. this can be seen in the fed's actions of lending to banks, purchasing securities, and lowering the federal funds rate in order to lower overall interest rates. the fed's goal was to increase consumer spending and overall liquidity within the system, and they pursued this by expanding the supply of liquid money.

Answer from: Quest

the law, public safety, corrections, and security cluster prepares people for careers in planning, managing, and providing legal, public safety, protective services and homeland security, including professional and technical support services.

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