Choosing the Right Methods for Your Risks
Rarely will you need to use all four risk management techniques for a particular risk. That leads to the obvious next question: which technique should you employ for a given risk? While there is no specific right or wrong answer, there are some time-tested questions and guidelines that can help you decide.
What kind of risk are you trying to mitigate?Are there traditional methods (see the next section) that may work better for the application than other methods?
Do you have the correct problem statement? Are you treating the cause rather than the symptom? What risk or risks are you trying to address?
Are the risks the same type—or of more than one type? Do you need to consider different types of treatment ...