Risk treatment involves the modification of risks using one or approaches, such as
• Avoiding the risk by deciding not to start or continue with the activity that gives rise to the risk
• Taking or increasing the risk in order to pursue an opportunity
• Removing the risk source
• Changing the likelihood
• Changing the consequences
• Sharing the risk with another party or parties (including contracts and risk financing)
• Retaining the risk by informed decision.
No comments:
Post a Comment