Which of the following is a way the risk management process can be viewed?

• A. Management process
• B. Decision-making process
• C. Quality assurance process
• D. Strategic planning process

Answer: (A)

Viewing risk management as a management process means seeing it as a structured, ongoing activity that coordinates planning, resources, implementation, and monitoring to handle risks. It involves setting risk objectives, identifying hazards, assessing and prioritizing risk, choosing controls, assigning ownership, and tracking results so the organization can steer toward its goals. This framing fits because risk management is embedded in day-to-day governance and decision-making, not just a one-off analysis. It goes beyond quality assurance, which focuses on meeting quality standards, and beyond strategic planning alone, since it continually guides actions across operations.