MCT Beginning

1. The risk analysis takes into account:

• The impact
• The likelihood
• Means of control
• The root causes
• The cost of profits and losses

2. 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

3. The two sides of the risk coin are:

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

4. Risk tools are included in:

• ISO 31010
• IEC 61025
• IEC 60812
• ISO 31000
• ISO Guide 73 version 2009

5. 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