What does risk control involve?Avoiding the riskEliminating the risk as far as is reasonable practicableAccepting the riskNone of the above
Question
What does risk control involve?Avoiding the riskEliminating the risk as far as is reasonable practicableAccepting the riskNone of the above
Solution
Risk control involves several steps:
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Identifying the Risk: This is the first step in risk control. It involves recognizing potential hazards that could cause harm.
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Analyzing the Risk: This step involves understanding the nature of the harm that could be caused by the risk, and how serious the harm could be.
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Evaluating the Risk: This step involves comparing the level of risk found during the analysis process with risk criteria defined at the beginning of the process.
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Treating the Risk: This is the process of implementing controls to reduce the level of risk. This could involve avoiding the risk if it's too great, or accepting the risk if it's minor and outweighed by the benefits.
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Monitoring and Reviewing: This step involves ongoing monitoring and reviewing of the risk and the effectiveness of the control measures. This ensures that the risk has been reduced to an acceptable level and remains at that level.
So, the answer to your question is not "None of the above". Risk control can involve avoiding the risk, eliminating the risk as far as is reasonably practicable, or accepting the risk, depending on the specific circumstances.
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