Essay Writing-Explain what risk treatment is and the categories of risk treatment options that could be applied.
1. A number of different risk treatment will be applied depending on the industry in which an organisation operates its structure and the risk it faces. Explain what risk treatment is and the categories of risk treatment options that could be applied.
Under what circumstances might it be appropriate to accept risks, without applying controls? Insurance is valuable and necessary, but why is it not a real risk control?
Why are risk management plans necessary?
Risk management plan should be accompanied by action plans. What information is contained in an action plan?
List six methods that could be used to communicate risk management plans to relevant parties.
