The technique helps you explore possible risks by providing access to risk areas identified in the past. It also provides the solutions that were used and along with the outcomes.

The technique helps you explore possible risks by providing access to risk areas identified in the past is explained below in details.

Explanation:

Risk administration commences with the system of classifying risks. In this method, we examine future developments or circumstances that may influence our understanding and capacity to accomplish our aims. Risk identification incorporates estimating out where, when, how, and why such situations may happen.

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