What is the order of the steps involved in the Risk Management Process? Evaluating the...

What is the order of the steps involved in the Risk Management Process?
1. Evaluating the Risks, Controlling the Risks, Identifying the Risks, Financing the Risks, Monitoring the Risk Profile
2. Monitoring the Risk Profile, Evaluating the Risks, Controlling the Risks, Identifying the Risks, Financing the Risks
3. Identifying the Risks, Monitoring the Risk Profile, Evaluating the Risks, Financing the Risks Controlling the Risks
4. Identifying the Risks, Evaluating the Risks, Controlling the Risks, Financing the Risks, Monitoring the Risk Profile

Expert Solution

Answer: Option (d)

Steps involved in risk management process (in that order):

1) Identify

2) Evaluate

3) Control

4) Financing

5) Monitoring

Hence, option (d) is correct.

jeff jeffy answered 2 years ago

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