Which term describes the implementation of the risk management program's policies and procedures, and the ongoing monitoring of their success?

Which term describes the implementation of the risk management program's policies and procedures, and the ongoing monitoring of their success?

• A. Risk Administration
• B. Risk Analysis
• C. Qualitative risk analysis
• D. Quantitative risk analysis

Answer: (A)

Implementing the risk management program's policies and procedures and continuously monitoring their effectiveness is risk administration. This term covers putting the program into action, coordinating controls, and tracking performance over time to see whether the risk responses are working as intended. Risk analysis focuses on identifying and evaluating risks, while qualitative and quantitative risk analyses are methods for measuring risk levels rather than managing and overseeing the program’s execution. So the description aligns with risk administration.

Implementing the risk management program's policies and procedures and continuously monitoring their effectiveness is risk administration. This term covers putting the program into action, coordinating controls, and tracking performance over time to see whether the risk responses are working as intended. Risk analysis focuses on identifying and evaluating risks, while qualitative and quantitative risk analyses are methods for measuring risk levels rather than managing and overseeing the program’s execution. So the description aligns with risk administration.