MCT Beginning

1. The components of the risk management process are to:

• Plan
• Appreciate the risk
• Analyze the risk
• Watch
• Communicate

2. The risk analysis takes into account:

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

3. Risk:

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

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. In the PDCA cycle, the A stands for:

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