Exploring and Selecting Risk Management Techniques
Risk management is the identification, evaluation, and prioritization of risks. Examining alternative risk management techniques is a crucial step in the practice of sound risk management. All risk management alternatives must be identified before the best alternative can be selected. An overlooked alternative may turn out to have been the most cost-effective choice. Exploring and Selecting Risk Management Techniques is a course that will describe the importance of selecting a risk management technique for your project. This course will describe the techniques that can be used for a project and the factors that must be considered. This course will also describe the six techniques that can be used for risk financing and provide an explanation of when each should be used.