Provide a rundown of the five different approaches to risk management, along with a concise explanation of each one.
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- The output of Risk analysis is: Select one: a. Risk assessment b. Dependibility requirements c. Root cause analysis d. Risk descriptionThe output of Risk decomposition is: Select one: a. Risk description b. Root cause analysis c. Dependibility requirements d. Risk assessmentAt least two examples/scenarios are required to back up your response and highlight the most important SDLC stage.
- The output of Risk reduction is: Select one: a. Risk description b. Dependibility requirements c. Root cause analysis d. Risk assessmentThe output of Risk identification is: Select one: a. Risk description b. Risk assessment c. Root cause analysis d. Dependibility requirementsWhich five risk-control strategies should be mentioned and quickly explained?
- Outline the documentation that should be kept in relation to decision making made during a risk assessment process. Give at least three examples. This should be also include purpose, Function and communication of a risk register??Have you experienced scope creep in your development of a Risk Management Plan (or other policy)? If so, how did you handle it? If not, what actions would you have taken to control scope creep? (Remember, if you have not personally experienced this situation, please research a company or individual who has dealt with scope creep and provide a brief overview of their situation. Be sure to copy/paste the link from which you retrieved the information)Which of the following are stages of risk-based analysis Select one: a. Risk identification, analysis and classification, decompisition and reduction assessment are not the complete stages b. Risk identification, analysis and classification, decompisition and reduction assessment c. Risk decompisition and reduction assessment d. Risk identification, analysis and classification