Certified Meeting Professional (CMP) Practice Exam

Which of the following is NOT one of the four stages of risk management?

1. Preparedness

2. Mitigation

3. Funding

4. Recovery

The correct answer is: Funding

The four stages of risk management typically include preparedness, mitigation, response (often combined with recovery), and recovery. These stages involve identifying potential risks, preparing to address those risks, implementing strategies to reduce their impact, and recovering from incidents that may occur. Funding, while important for implementing risk management practices, is not considered one of these core stages. It relates more to the resources required to support the different phases of risk management rather than being a distinct stage in the process. Therefore, recognizing funding as an essential component of risk management is important, but it does not fit within the framework of the four primary stages. The correct answer correctly identifies funding as separate from the main stages of risk management, highlighting the focus on managing risks through preparation, mitigation, response, and recovery processes.