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. The risk analysis takes into account:

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

3. 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

4. Risk:

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

5. The risk management principles according to ISO 31000 version 2018 are:

• 7
• 8
• 11