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Risk Analysis Plans for Businesses: Techniques & Examples

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

What is the goal of risk analysis?

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1. What is the correct formula to determine the risk value?

2. Which are the parts that make up risk?

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About This Quiz & Worksheet

The quiz and worksheet will test your understanding of risk analysis plan techniques. You will be evaluated on the goal of risk analysis and the formula for risk value.

Quiz & Worksheet Goals

In this quiz, you'll find questions that touch on the following:

  • Components of a risk
  • Formula for risk value
  • Meaning of ALE in regards to risk analysis
  • Goal of risk analysis
  • How to manage risks

Skills Practiced

  • Reading comprehension - ensure that you draw the most important information from the related lesson on risk analysis
  • Knowledge application - use your knowledge to answer a question about the components of a risk
  • Information recall - access the knowledge you've gained regarding how to manage risks

Additional Learning

Refer to the accompanying lesson titled Risk Analysis Plans for Businesses: Techniques & Examples to learn more. The lesson will help you:

  • Identify what risk analysis is and why it is important to be aware of risks
  • Outline the techniques that are used for risk analysis
  • Review what process mapping is
  • Recall what SWOT stands for and how it relates to risk analysis
  • Understand how businesses avoid risks from occurring
  • Explain why a business would want to accept a risk
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