Risk management can be defined as the art and science of _________ risk factors throughout the life cycle of a project.

Related MCQs

• Which of the statement are true? A. Risk retention and risk transfer are some of the techniques to manage risks. B. Implementation is one of the steps in risk management
• Suppose a project has many hazards that could easily injure one or more persons and there is no method of avoiding the potential for damages. The project manager should consider __________ as a means of deflecting the risk.
• Consideration on the part of the life insured in respect of a life insurance contract is
• In Life Insurance, risk may be in the form of
• The term risk may be defined as:
• Which of the statements is correct? A. One of the methods of risk retention is by way of voluntary excess or deductible available under the policy. B. Another method of retention of risk is to absorb small losses as normal operating expenses of business.
• Insurance is a risk management technique involving:
• The first step in risk management process is
• Main emphasis of risk management is on ___________.
• Following are the risk management methods: