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Name the factors that one should consider when selecting approaches to risk identification.

Name the factors that one should consider when selecting approaches to risk identification.

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Simon
1. The lessons from the past and the personal experiences.
2. The results of physical inspection and the results from audits.
3. The records from prior loses which include, financial or property losses, data and record losses, occupational health and safety reports.
4. Intuition, judgment, consensus and conjecture.
5. Results of benchmarking for perceived performance deficiencies.
6. The gap analysis-This means distinguishing between the existing practice and business plan objectives.

skilled writter answered the question on April 27, 2018 at 17:32

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