33.1k views
2 votes
What is the purpose of the rm step, develop controls and make risk decisions?

User Ranjith KP
by
8.9k points

1 Answer

1 vote
The purpose is to calculate whether the risk involved is reduced to the point where the benefits would outweigh the risk of loss.
In this context, RM stands for relationship management. This will help decision makers within the company to the projection of data that will happen if the company decided to choose a certain plan. The overall outlook of the possibilities will help the decision makers to choose the correct plan that is the most suitable for company's goals
User Robin Huy
by
8.9k points

No related questions found