MBA62052riskassessment

Risk assessments will help to priorities risks and provide information on the probability of harm arising and severity of harm by understanding the hazard, combine assessments of probability and severity to produce an assessment of risk and it is used in the assessment of risk as an aid to decision making. Construction sites are dangerous places where injury or death or illness can cause to workers. Select one typical hazard at a construction site and conduct a full risk assessment for that hazard. You are allowed to make assumptions to answer this question.

Companies that are developing a formalized risk management process are encouraged to identify all relevant risks and then chart the risks using a matrix to analyze which of the following factors? Operational impediments, mitigation strategies, sales impact External variables, mitigation strategies, financial impact Resources, threats, modifying factors, and consequences Supply chain threats, marketing threats, operational threats

Give typing answer with explanation and conclusion Some of the developments that have occurred in the risk management field relates to the emergence of various standards and frameworks that have been spearheaded by different stakeholders. Based on your understanding and using relevant examples, evaluate the relevance of risk management standards

Risk is present in every business decision. In information security it is often said that you cannot protect everything.  What are the critical steps in understanding risk and employing risk mitigation practices? Be sure to address:-    Risk Identification and prioritization-    Discuss the steps in Risk Assessment-    The importance in documenting results

What is the overall goal of “risk management” in the view of the company?

Companies that are developing a formalized risk management process are encouraged to document and specify the desired outcomes associated with each risk identified. What is the purpose of this activity? Listing the outcomes desired by the organization creates a basis for prioritizing risks Listing the outcomes desired by the organization creates a basis for determining which mitigation strategies should be pursued Listing the outcomes desired by the organization creates a basis for assessing the potential impact of risks Listing the outcomes desired by the organization creates for assessing the costs associated with each risk

In 5 to 8 sentences, answer the question: Am I a risk taker or am I risk averse?    Since risk is inherent, what actions do you do to minimize the impact of risk in your daily activities? Provide a concrete example or situation and discuss how you minimize the risks present. Definition of Terms:• Risk• Risk Management• Uncertainty• Risk averse• Risk tolerance• Mitigated Risk• Risk analysis• Risk avoidance• Probability• Consequence

What is the definition of risk management? Use the diagram to talk about the risk management process.

What areas would you focus on for risk reporting to management? Identify FIVE (5) risk reporting outlines that you can apply for this reporting

If a company identifies four risks with a risk score as follows: Risk An oven fire may result in the destruction of a store. A cybersecurity attack may result in the theft of customer data. A store employee getting sick may result in them backing out of their shift last minute. An employee stealing from a cash register may result in loss of cash. Which risk is the highest priority? Risk Score O An employee stealing from a cash register may result in loss of cash O A cybersecurity attack may result in theft of customer data OA store employee getting sick may result in them backing out of their shift last minute O An oven fire may result in the destruction of a store 5 15 4 6

Explain to a company why statistical analysis is an important tool to use in risk management.

A category of economic risk is:    Liability risk      Personal risk      Property Risk      All of the answers are correct      None of the answers are correct

Is there a difference between "risk management" and "risk assessment," since both phrases are often used interchangeably?

Having identified and evaluated risk, the next step is to decide how to respond to the risk.Describe risk control and clearly distinguish between the three possible responses to business risks?

Distinguish between the information and statistics views in risk management. Information and Statistics should appear as two separate headings and explained thereunder.

Identify an engineering firm or any organization/company/agency of your choice. -          Determine the methods used by the firm in handling risk -          Do you consider these methods adequate? If not, suggest the appropriate methos that must be used.

Is "risk management" different from "risk assessment?"

Discuss the requirement for a basic integrated risk management with proper example.

All about information views in risk management

Please, explain each of them Plan Risk Management  Identify Risks  Perform Qualitative Risk Analysis Perform Quantitative Risk Analysis Plan Risk Responses Implement Risk Responses  Monitor Risks

What is the meaning of risk management? Utilize the graphic to describe the risk management process.

Risk management plan what is risk management what is risk management plan how can we manage risk (you may find it easier using the seven step process diagram) who are the internal and extrenal stakeholders where do you obtain support for risk management activities how do you identify risk how do you analyse risk -Esp. What are: -likelihood of risk -impact of consequence of risk when occur explain evaluation of risk explain risk treatment in evaluation of risk management plan and how often should you do that and who should carry out evaluation For a custom-written paper, place your order now! What We Offer • On-time delivery guarantee • PhD-level professionals • Automatic plagiarism check • 100% Privacy and Confidentiality • High Quality custom-written papers

The primary risk facing companies can be grouped into four categories, namely; Hazard Risk Strategic Risk Financial Risk Operational Risk In a tabular form, how would you categorize the risk factors below based on the above risks? Economic Distress Mismanagement Technological Causes Working Capital Problems Fraudulent Management Lack of board effectiveness Boards' risk blindness Poor leadership on ethos and culture Defective communication Excessive complexity Inappropriate incentives Information "glass ceiling" Managerial inefficiency and ineffectiveness Over expansion Ineffective sales force High production costs Poor financial management Risk assessment strategy Inappropriate commercial policy Absence of manpower training and development policy Capital inadequacy Socio cultural factors Income instability Public policy

It can require or provide both qualitative and quantitative data to decision makers for use in risk management. What is it?

What is the danger of attempting to manage risks without properly researching them?

Explain the risk management procedure.  Draw a risk register (log) and populate it with at least four perceived risks. Analyse these risks and rank them.

You are a risk manager of a school bus company in Hong Kong, your boss owns over 1,000 school buses. During COVID 19, almost all the school buses parked in no covered car park every day because students no need to be back to school. Your boss is considering a partial retention program for physical losses to the school buses. a) Identify the factors that your company should consider before it adopts a retention program for physical damage losses to school buses. b) If a retention program is adopted, what are the various methods you can use to pay for physical damage losses to school buses? c) Identify two risk-control measures that could be used in your company’s retention program for physical damage losses

Which types of events are considered part of a comprehensive risk management plan? Select all that apply, then click Submit below Marriage Illness Liability Disability Death Deductible Property loss