Jiang has been working on a risk management plan for his government agency. What information should he include in the report to management when he presents his risk management recommendations

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03-06-2021
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Jiang has been working on a risk management plan for his government agency. What information should he include in the report to management when he presents his risk management recommendations

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azikennamdi azikennamdi · Answer 1 · 2021-06-04T17:08:39+02:00

Answer:

The information which must be included in the Risk Management Plan include but are not limited to the following:

Risk Identification
Source of Risk
Risk measurement
Risk Evaluation
Mitigation
Monitoring

Explanation:

As an avid risk manager, Jiang must be ardent at identifying risks and their sources.

According to the principles of management, what cannot be measured cannot be managed. hence, the report must also contain rubrics that will help the measurement of such risks

When risk measurment metrics have been identified and instituted, then it can be then be evaluated against agreed thresholds. This makes for easy mitigation, monitoring, and management.

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