Question

You have to cross a broad river with a swift running current. Your options to cross are to swim, walk across an existing bridge, or construct a rope bridge. You choose to cross via the existing bridge.
This choice reflects which Risk Management principle?

Answer 1

The risk management principle involved in this is decision making.

Explanation:

The processes and the activities that we perform have some risks involved in them. The intensity of risk might differ from one task to the other task. So the risk involved in these tasks and the activities must be managed properly so that the target can be achieved properly.

These are some principles involved in the management of the risk. The principle involved in the task given in the question is that of making a decision which serves the purpose best and helps you to achieve your target. The decision made to cross the river via the bridge is taken after keeping into mind a lot of factors and the decision taken should minimize the risks. Thus it is the principle of the decision making.

Answer 2

Answer:

The risk management principle involved here is avoid uncalculated or unnecessary risk.

Explanation:

The principle involved here is to avoid uncalculated risks or unnecessary risks. Risk decisions are meant to be calculated or clearly studied before making them. Risk decisions are meant to be effectuated at the right time, in the right way and the right degree.

Given the above scenario, the choices were given and the best of this choice must be taken, so, avoidance of unnecessary risks is very essential in this.