Page 208 - SBL Integrated Workbook STUDENT 2018
P. 208
Chapter 16
Risk management
3.1 Strategies for managing risks
Transference (or Sharing)
Avoidance
Reduction
Acceptance
3.2 Risk mapping and risk management strategies
Impact/consequence
Low High
High Reduce Avoid
Probability/
likelihood
Low Accept Transfer
Illustrations and further practice
Now try TYU question 1.
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