Which of the following is an example of recommended corrective action in risk management?

The correct answer is C. Performing the contingency plan. Corrective actions in risk management are reactive responses taken when a risk event actually occurs or is imminent. Performing the contingency plan (C) is the textbook corrective action - it is a pre-defined response that is executed once a risk trigger fires or the risk…

Risk Monitoring and Reporting

Question

Options

AConducting a risk audit
BEngaging in additional risk response planning
CPerforming the contingency plan
DConducting a risk review

How the community answered

(25 responses)

B
4% (1)
C
88% (22)
D
8% (2)

Explanation

Corrective actions in risk management are reactive responses taken when a risk event actually occurs or is imminent. Performing the contingency plan (C) is the textbook corrective action - it is a pre-defined response that is executed once a risk trigger fires or the risk materializes. Risk audits (A) and risk reviews (D) are monitoring and control activities, not corrective actions. Engaging in additional risk response planning (B) is a proactive planning activity, not a corrective one. The key distinction is that corrective action addresses an event already unfolding, and the contingency plan is the prepared corrective mechanism.

Topics

#Corrective Actions#Contingency Planning#Risk Response Execution

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