Question: The correct order in which engineering risk management is processed is as follows: 1: Planning for risk 2: Identifying risk 3: Analysing risks 4: Developing

The correct order in which engineering risk

The correct order in which engineering risk management is processed is as follows: 1: Planning for risk 2: Identifying risk 3: Analysing risks 4: Developing risk response strategies 5: Monitoring and controlling risks The Hurwicz Criteria Select one or more: a. Allows ranking of functional alternatives at a level of optimism calculates the maximum profitability of each criteria with the minimum probability c. varies the choice between the maximin rule and the maximax rule d. calculates the minimum profitability of each criteria with the maximum probability

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