Risk Categorization
Seek the root cause of each risk to be managed. Use cause-and-effect analysis to determine the source(s) of the risks, striving to understand the risks better and to determine whether they are controllable or uncontrollable.
When risk sources are under your control, prevention strategies may provide solutions. Probe deeply to uncover the source of the risk, not just the symptoms.
For uncontrollable risks, risk management requires response strategies.
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