ACTIVITY-Event Risk Management

The possibility of something good or bad might happen is called ____.

All risk is bad

• true

• false

It is the possibility of loss and the possibibility of gain.

• Absolute Risk

• Loss Risk

• Speculative Risk

• Negative RIsk

Goals of Event Risk Management

(select all the appropriate answers)

• minimize legal and financial liabilities

• operate responsibly

• properly manage growth

• control potential loss

A person responsible in risk assessment and monitoring is called ____.

• risk leader

• risk monitor

• risk manager

• risk assesor

The following defines Event Risk Management, except

• It is an active effort to reduce and eliminate risks

• It is the process of identifying risks, assessing risks, and managing risks

• The application of project management to creation and development of events

• Purposeful recognition of and reaction to uncertainties