Question

risk management is required to​

Answer 1

Question :

Risk management is required to :

• prepare of document for audit
• safe guarding from hazard
• trained the worker
• complete the work

Answer :

[(b) Safe guarding from hazards]

★ Risk management :

Risk management is the practice of pre - planned ideas regarding natural calamities , wars , diseases and other threats to either humans or nature .

This includes many sections such as :

• Financial analysis : For better and no problem in financial status .

• Legal liabilities

• Management errors

The 5 steps of risk management are :

1. Identification of risk
2. Analysis
3. Evaluation
4. Treatment
5. Review