Risk management process, What are the five main steps (in

Risk management process

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Reference no: EM134035416

Question

Winston is a risk manager recently contracted by a company that owns a large private golf course. The company would like her to manage the golf course's risk so that the patrons, visitors, and employees at the golf course are safe. Before he begins, the company asks Winston to provide a proposal on how to manage the risk. What are the 5 main steps (in order) in the risk management process that Winston should follow?

a. Identify and analyze exposures, Implement the risk management plan, Formulate options, Select the best technique, Monitor results and modify the plan

b. Identify and analyze exposures, Formulate options, Select the best technique, Implement the risk management plan, Monitor results and modify the plan

c. Formulate options, Identify and analyze exposures, Select the best technique, Implement the risk management plan, Monitor results and modify the plan

d. Monitor results and modify the plan, Identify and analyze exposures, Formulate options, Select the best technique, Implement the risk management plan.

Reference no: EM134035416

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