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Select all that apply. What role(s) are played by Risk Tracking in the overall Risk Management Process?
| It answers the key question: “How are things going?” | ||
| It is key to deciding to implement Risk Mitigation. | ||
| It answers the key question: “How big is the risk?” | ||
| It answers the key question: “What can go wrong?” |
Expert Answer
Risk Tracking is a process to track the status of risk and risk mitigation plans. It includes, monitoring, communicating, reviewing, displaying, tracking of risk to help in implementation of risk management strategies.
In simple words, identifying, analyze of risk is done to make plans and implement them.
Hence it can be ascertained that
Option 2 key to deciding to implement risk mitigation
Option 3 answers the key question “how big is risk?”
Are the answers.
