What are the key principles of risk management?

What are the key principles of risk management?

The key principles of risk management include risk identification, risk assessment, risk control, and risk monitoring.

Can you explain risk identification in more detail?

Sure! Risk identification involves recognizing potential risks that could affect a project or organization.

What methods can be used for risk assessment?

Common methods for risk assessment include qualitative analysis, quantitative analysis, and risk matrices.

How often should risk monitoring be conducted?

Risk monitoring should be an ongoing process, with regular reviews at key project milestones or changes.