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Note that your final mark will not be saved in the system.
Note that your final mark will not be saved in the system.
3.6.3 Scenario planning Categorise
Target Level
C
Running Total
0
0%
Attempt
1 of 3
Click on an item, then click on a category to place it. Or, drag and drop the item into the correct category. Organise all items before clicking 'Check'.
RISK ACCEPTANCE
RISK AVOIDANCE
RISK LIMITATION
RISK TRANSFERENCE
Most common option
Small amounts of risk can be managed by routine procedures
Cost of reducing risk outweighs risk itself
No additional risk measures needed
Most expensive option
Any action that stops the exposure to risk
Handing risk to a third party e.g. outsourcing payroll
Tolerable level of risk
Amount of risk is negligible
Understanding that some risk may occur but planning for it e.g. backing up data