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 two sides of the risk coin are:

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

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

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

4. The risk treatment action plan contains:

• Description of the action
• The type of action
• The necessary resources
• The sequence of actions
• The person in charge
• The timetable (deadline)

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

• 7
• 8
• 11