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Monitoring the performance of risk handling actions is involved in which step of the risk management process?

Sagot :

Fourth step

In step 4 of the risk management process comes Risk monitoring, Monitoring the status of risks, monitoring the effectiveness of mitigation plans implemented, and consulting with key stakeholders are all parts of the risk monitoring step. Risk monitoring should happen throughout the risk management process.

The risk management process is a outline for the actions that need to be taken. There are Five basic steps which are referred to as the RISK MANAGEMENT PROCESS.

All the five steps of this process are as follow;

Step 1: Risk identification

Step 2: Risk assessment

Step 3: Risk mitigation

Step 4: Risk monitoring

Step 5: Risk reporting

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