Risk assessment is the same as risk management program

Assignment Help Operation Management

Reference no: EM131710999

Why should the people on the RA team be different from the people responsible for correcting deficiencies?

to avoid potential losses

to increase profitability

to avoid conflicts of interest

to increase survivability

A risk assessment is the same as a risk management program.

True

False

Residual risk is any risk that remains after management has decided to implement controls.

True

False

RAs are simpler to complete than risk management plans, because risk management plans are continuous processes while RAs are simple point-in-time documents that can easily be completed in a single sitting.

True

False

Change management is a process that ensures that changes are made only after a review process.

True

False

When using the Delphi Method, it is best to collect data in a meeting.

True

False

An RA ends with a report.

True

False

Calculations used in quantitative RAs usually include depreciation costs, maintenance costs, and replacement costs for follow-on years.

True

False

The first section of a qualitative RA attempts to prioritize risk. The second section of a qualitative RA evaluates the effectiveness of controls.

True

False

Reference no: EM131710999

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