Who in the company is most responsible for initiating a risk analysis, directing a risk analysis, defining goals of the analysis, and making sure the necessary resources are available during the analysis?

Question

Social Studies

Esteban Wade

2 May, 06:03

Who in the company is most responsible for initiating a risk analysis, directing a risk analysis, defining goals of the analysis, and making sure the necessary resources are available during the analysis?

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Answers (1)

Know the Answer?

Beau Barrett · Answer 1

The correct option is senior management.

Explanation:

In business, a risk analysis can be described as the identification and analysis of issues which may have a negative impact on a certain project or the whole company or business.

The senior management of a company should identify the potential problems before the problematic situation has occurred. They should also come up with better ideas as to how that problem can be sorted out and eliminated. They should make it sure that the plan actually works out.