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30 October, 07:07

The tools for conducting a risk analysis can include the documents that define, categorize, and rank risks.

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  1. 30 October, 07:17
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    Answer: True

    Explanation: Tools for conducting risks analysis can include the document that define the risk categorize the risk and rank the risk.

    Risk definition tries to describe of a given action or activity qualify as a risk, this is needed during risk analysis it is the first step in risk analysis.

    Risk categorization is needed in risk analysis to place the risk according to it's category depending on the sector where the risk analysis is taking place it can be categorized accordingly if market related it is called Market risk, Health related is called health risk.

    Risk rank can be ranked according to the level of severity, it can be High, medium or low risk.
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