1. Concepts of the Risk-Based Approach
It enables the organization to focus on identified risks and take enhanced measures in situations according to the level of the risks. ... Risk entities are categorized into low and higher risks to ensure effective practical measures are applied in tackling them. Higher risk requires long-term investigative measures compared to low-risks. They are conducted by more seasoned analysts and the measures applied depend on the outcome of the analysis, (Răşinar). ... Communication helps in understanding geographical, volume and size of the risk factor and appropriate measures are applie...
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- Grade Level: Graduate