A successful risk management program should lead to:

  • Post author:
  • Post category:Uncategorized
  • Post comments:0 Comments
  • Post last modified:December 21, 2021
  • Reading time:1 mins read

Last Updated on December 21, 2021 by Admin

A successful risk management program should lead to:

  • optimization of risk reduction efforts against cost.
  • containment of losses to an annual budgeted amount.
  • identification and removal of all man-made threats.
  • elimination or transference of all organizational risks.
Explanation:
Successful risk management should lead to a breakeven point of risk reduction and cost. The other options listed are not achievable. Threats cannot be totally removed or transferred, while losses cannot be budgeted in advance with absolute certainty.
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments