Podcast
Questions and Answers
Risk evaluation involves an objective assessment of whether a risk is manageable and acceptable.
Risk evaluation involves an objective assessment of whether a risk is manageable and acceptable.
False (B)
The process of risk evaluation includes deciding if risk mitigation measures should be implemented.
The process of risk evaluation includes deciding if risk mitigation measures should be implemented.
True (A)
Risk acceptance is unrelated to the evaluation of risk.
Risk acceptance is unrelated to the evaluation of risk.
False (B)
In risk evaluation, a 'high' risk indicates that corresponding work should not proceed.
In risk evaluation, a 'high' risk indicates that corresponding work should not proceed.
Signup and view all the answers
Evaluating a risk as 'low' guarantees that work can proceed without any further analysis.
Evaluating a risk as 'low' guarantees that work can proceed without any further analysis.
Signup and view all the answers
Flashcards
Risk Evaluation
Risk Evaluation
The process of subjectively determining whether a risk is considered high or low, and whether it's acceptable to proceed or needs mitigation measures.
Risk Acceptance
Risk Acceptance
The point at which a risk is considered tolerable and work can proceed without further action.
Risk Mitigation
Risk Mitigation
Actions taken to reduce or eliminate a risk, making it more acceptable.
Risk Tolerance
Risk Tolerance
Signup and view all the flashcards
Risk Factors
Risk Factors
Signup and view all the flashcards
