Risk Treatment in Projects

Ana-Maria Dinu ()

Knowledge Horizons - Economics, 2016, vol. 8, issue 1, 160-163

Abstract: Risk treatment process contains developing a variety of options for risk mitigating, assessing and then formulating and implementing action plans. The most evaluated risks must be addressed in a matter of urgency. Therefore, choosing the most appropriate risk treatment means balancing the costs of executing each activity associated to the resulting benefits. Usually, the cost of managing the risks should be equal with the achieved benefits. When making cost versus benefit decisions the broader setting should also be taken into account.

Keywords: Risk management process; risk strategies; risk treatment (search for similar items in EconPapers)
Date: 2016
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