Question

What is the final step in risk management?

a.

Identifying the risk factors

b.

Developing strategies to mitigate the risks

c.

Handle risks

d.

Providing for a contingency plan

Posted under Project Planning and Control Software Engineering

Answer: (c).Handle risks Explanation:The final step in risk management is handle risks. Risk factors must be monitored. For some risks, the avoidance or transfer actions may succeed, and those risks will never become a problem. However, for those risks that are decided not to handle, or for risks that become a problem despite mitigation efforts, a contingency plan must be invoked or the risk must be reassessed and handled. Risk management is a cyclic process.

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Q. What is the final step in risk management?

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