Control of Risk Practice Test

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.