which one of the following options best describes the goal of a risk assessment?
441068
The aim of the risk assessment process is to evaluate hazards, then remove that hazard or minimize the level of its risk by adding control measures, as necessary.
481333
According to PMBOK, risk can be defined as an uncertain event or condition that results in a positive or negative effect on a project's objectives. Whereas, an issue can be defined as an event or condition that has already happened and has impacted or currently impacting the project objectives.
951182
A risk management plan is a document that a project manager prepares to foresee risks, estimate impacts, and define responses to risks. ... Risk management plans should be periodically reviewed by the project team to avoid having the analysis become stale and not reflective of actual potential project risks.
144468
As far as the risk and quality management elements of the QMS, risk management involves careful assessment of positive and negative risks, and then developing a strategy to address those risks. ... Accept the risk because the probability of the risk occurring and/or the impact if it does occur is minimal.
951771
Three steps for risk management: identification, assessment and mitigation (including avoidance).
847300
A vulnerability assessment identifies, quantifies, and prioritizes the risks and vulnerabilities in a system. A risk assessment identifies recognized threats and threat actors and the probability that these factors will result in an exposure or loss.
680429
['goal and scope,', 'inventory analysis,', 'impact assessment.', 'and interpretation.']
1407135
A risk assessment involves many steps and forms the backbone of your overall risk management plan. A risk analysis is one of those steps—the one in which you determine the defining characteristics of each risk and assign each a score based on your findings.
1268505
Risk mitigation vs. Risk mitigation is the process of planning for disasters and having a way to lessen the negative impact. Other elements of risk management include risk acceptance and risk transfer. Risk acceptance is accepting a risk for a given period of time to prioritize other risks.
1089170
A risk management strategy provides a structured and coherent approach to identifying, assessing and managing risk. It builds in a process for regularly updating and reviewing the assessment based on new developments or actions taken.
396854
['Define the problem.', 'Identify the decision criteria.', 'Allocate weights to the criteria.', 'Develop the alternatives.', 'Evaluate the alternatives.', 'Select the best alternative.']
1256562
To differentiate between the known and unknown risks, the project managers are encouraged to prioritize the project objectives. Known risks can be identified, analyzed & planned in advance whereas unknown risks are unable to anticipate and describe.
78060
['Identify the problem.', 'Gather information and list possible alternatives.', 'Consider consequences of each alternative.', 'Select the best course of action.', 'Evaluate the results.']
1364587
The key difference is that risk identification takes place before risk assessment. ... Risk Identification tells you what the risk is, while risk assessment tells you how the risk will affect your objective. The tools and techniques used to identify risk and assess risks are not the same.
273164
The key difference is an “issue” already has occurred and a “risk” is a potential issue that may or may not happen and can impact the project positively or negatively. We plan in advance and work out mitigation plans for high-impact risks. For all issues at hand, we need to act immediately to resolve them.
353899
In the LOPA process, risk tolerance criteria are usually defined in terms of a Target Mitigated Event Likelihood (TMEL) or Target Frequency (TF). This is basically a goal of how often the consequence of interest will occur for the process being evaluated (e.g., the likelihood that a fatality will occur).
649141
Risk characterization uses the results of dose–response and exposure assessments to estimate risks given the scenario(s) defined in hazard identification or the initiation of the risk assessment.