Risk Management

Risk is defined as

• the possibility of something bad happening

• the possibility of something good happening

• the possibility of nothing happening

• None of the above

Risks do not need to be considered or responded to

• True

• False

Risks must be

• Ignored

• Identified

• Assessed

• Answered

• Controlled

Assessing a risk means identifying where the risk would originate

• True

• False

Once a risk is identified, managers should establish a plan to control it.

• True

• False

Which of the following can occur if you do not manage change in an organisation properly?

• Poor morale

• Motivated staff

• High costs

• Quality of work produced is excellent

• Stressed and exhausted staff