Question

At what step in the DHS Risk Management Cycle should you first consider the goals and objectives being pursued, the policies and standards of your organization, and the scope and criticality of the risk management decision being made?

A. Define the context
B. Assess and analyze
C. Evaluate and monitor
D. Decide and implement

Answer 1

A. Define the context

Step-by-step explanation:

• In the first step, it's necessary to consider the goals and the objectives that are being taken along with the policies and the standards of the organization and the scope of the critically made risk analysis decisions.

• In order to prioritize the risks and uncertainties in the financial markets, threats form the project failures in the designing and development and the product life cycles.

• As to monitor, minimize, and control the flow of the resources. By the setting of the standards and policies in the organization.