Podcast
Questions and Answers
What is the first treatment option mentioned for risk treatment?
What is the first treatment option mentioned for risk treatment?
Risk Avoidance
What is the purpose of 'Changing the likelihood of the risk' as a treatment option?
What is the purpose of 'Changing the likelihood of the risk' as a treatment option?
To enhance the likelihood of beneficial outcomes and reduce the likelihood of negative outcomes
Provide an example of 'Changing the consequences' as a treatment option.
Provide an example of 'Changing the consequences' as a treatment option.
Emergency response, business continuity plans, and disaster recovery plans
What does 'Risk Transfer' involve as a treatment option?
What does 'Risk Transfer' involve as a treatment option?
Signup and view all the answers
What does 'Risk Tolerance without further treatment' entail?
What does 'Risk Tolerance without further treatment' entail?
Signup and view all the answers
What should be considered when selecting the most appropriate treatment option?
What should be considered when selecting the most appropriate treatment option?
Signup and view all the answers
What is the general principle regarding the cost of treating risks?
What is the general principle regarding the cost of treating risks?
Signup and view all the answers
Why are treatment options not necessarily mutually exclusive?
Why are treatment options not necessarily mutually exclusive?
Signup and view all the answers
What does 'Changing the consequences' focus on in risk treatment?
What does 'Changing the consequences' focus on in risk treatment?
Signup and view all the answers
What is the role of internal controls in risk treatment?
What is the role of internal controls in risk treatment?
Signup and view all the answers
