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 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.

Engage with the Community - Add Your Comment

Confused About the Answer? Ask for Details Here.

Know the Explanation? Add it Here.

Q. What is the final step in risk management?

Add Comment

Similar Questions

Discover Related MCQs

Q. What is the main goal of risk management?

View solution

Q. What is the risk exposure of a risk?

View solution

Q. How often should the risk management process be carried out?

View solution

Q. What are the four types of risks identified by Wallace and Keil (2004)?

View solution

Q. What is the first step in risk management strategy?

View solution

Q. What is the risk exposure for a given risk factor?

View solution

Q. How is risk management a cyclic process?

View solution

Q. Which of the following categories of risks have the most impact on project outcomes, according to a study by Wallace and Keil (2004)?

View solution

Q. What is the suggested ordering of risks that managers should pay attention to, according to Wallace and Keil's study?

View solution

Q. What is the advice given by Tom Gilb in regards to managing risks?

View solution

Q. Which of the following risks can be mitigated through an agile approach?

View solution

Q. What is a work breakdown structure (WBS)?

View solution

Q. What is a milestone in a project?

View solution

Q. What is the purpose of project planning?

View solution

Q. What is the purpose of a work breakdown structure (WBS)?

View solution

Q. What is a milestone in project planning and control?

View solution

Q. What are constraints in project planning?

View solution

Q. What is a PERT chart?

View solution

Q. What is the purpose of PERT charts?

View solution

Q. What is the earliest possible starting time for an unlabeled node?

View solution

View All MCQs on Software Engineering

Suggested Topics

Are you eager to expand your knowledge beyond Software Engineering? We've curated a selection of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of Computer Science. Happy exploring!

Digital Communication

Master the basics of electronic communication with our Digital Communication MCQs....

Data Warehousing and OLAP

Strengthen your knowledge of Data Warehousing and OLAP with our specialized MCQs....

Systems Analysis and Design Methods

Get familiar with the process of designing and improving business systems with our...

Digital Logic Design

Understand the foundation of digital computers with our Digital Logic Design MCQs....

HTML

Start your journey in web development with our HTML MCQs. Learn the building blocks...

Reverse Engineering

Strengthen your understanding of Reverse Engineering with our curated set of MCQs....

CSS

Polish your web design skills with our CSS MCQs. Learn about selectors, properties,...

MATLAB

Hone your computational mathematics skills with our MATLAB MCQs. Understand...

Software Architecture and Design

Get a strong hold on the blueprint of software systems with our Software Architecture...