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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.
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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.
