Which of the following is NOT a risk management technique?

Prediction is not considered a risk management technique in the conventional sense. Risk management techniques are methods employed to analyze, manage, and mitigate risks that could impact an organization. Control, retention, and acceptance are all established strategies within the risk management framework.

Control involves implementing measures to eliminate or reduce the likelihood of a risk occurring or its impact if it does occur. Retention refers to the strategy of consciously choosing to accept certain risks, often because the costs of mitigating those risks may outweigh the potential consequences. Acceptance denotes a similar approach where an organization acknowledges the risk and decides to deal with its potential outcome.

On the other hand, prediction relates more to forecasting or anticipating future events based on data analysis or trends, rather than a method of actively managing or addressing risks. Thus, while prediction may play a role in assessing risks, it does not fit within the traditional techniques employed for risk management itself.