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All of the following are the strategies to deal with negative risks except:
You are shifting your plant to an earthquake-prone location. You get plant foundations designed to absorb the earthquake shocks. What risk strategy are you adopting?
ISO 9001:2015 has introduced the concept of risk based thinking in quality management.
A risk where the probability of happening is very high and the severity of the loss is high, which risk management approach is suggested to be used:
Which one of these is a response to positive risks?
When should a risk be avoided?
Which of these are the ways to transfer risk?
You are shifting your plant to an earthquake prone location. You get this plant insured by an external party. What risk strategy are you adopting?