What do you mean by real time risk management?

Business & Management
#1

These risks are to be amended with short period of time. Real-time risk management is an “on the run” mental or verbal review of the situation using the risk management process, with or without recording the information.
Employees implement the real-time process to consider risk when making intuitive decisions in a time-compressed situation. This level of risk management is used in the implementation phase of projects/fire operations.