MCT Beginning

1. Choosing the risk treatment option means taking into account:

• Reduction of risk at all costs
• Objectives
• Cost analysis (compare costs and benefits)
• Risk criteria
• Stakeholder opinion

2. Risk:

• Is inevitable
• Is intrinsic to any activity
• Can be eliminated
• Cannot be eliminated
• Can be reduced

3. In the PDCA cycle, the A stands for:

• Audit
• Act
• Assign responsibilities
• Improve
• Appreciate the risk
• Apply means of control

4. Examples of good practices for risk tools:

• Rely on conclusions based on large statistical samples
• Obtain evidence based on facts
• Take into account the opinions of all stakeholders
• Remember lessons learned
• Obtain favorable political support

5. The two sides of the risk coin are:

• Risks and threats
• Strengths and weaknesses
• Risk and opportunities
• Threats and opportunities