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
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- Pat is a 21-year old college student whose parents are paying for college expenses. Pat has Type 1 Diabetes; owns a high-mileage, 2009 Hyundai Elantra; rents an apartment in Seattle with 2 high school friends; and works a part-time job at a convenience store on nights and weekends to help pay living expenses. Pat enjoys spending time outdoors and goes "off-grid" camping every chance they get. Using the steps in the risk management process, prepare a personal risk management plan for Pat, More specifically, you should identify at least 3 risks faced by the individual and then describe and complete all steps in the risk management process for each risk you identify (i.e., measure and analyze the loss exposure and select the appropriate combination of techniques to treat the loss exposure).What are the potential consequences of ignoring reputational risks in a risk management plan?Jessica wants to learn more about the risk management process. Explain thefollowing steps to her by applying it to Spring Clean. Risk identification Risk evaluation Risk control Risk financing
- For Tiffany press release may 2021 Select one of those risks and explain how it applies to the company, given what they dofor a living – specifically, why is this a risk for this particular company? I am looking foryou to relate the risk cited by the company to its line of business.1. Research and identify three IT-related Risk Management Plans and list your references to the three plans you found. 2. Then identify 10 important components of an IT Risk Management Plan and define these components as well as their importance in an organization. Along with your research here is a very good site that provides various templates. If you are to use such templates please remember to cite and ensure you use your own words or paraphrase.The primary risk facing companies can be grouped into four categories, namely; Hazard Risk Strategic Risk Financial Risk Operational Risk 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
- 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 RisksWith the rise of disruptive technologies, including Artificial Intelligence (AI), theorganisation is finalising the implementation and adoption of new software tomanage the operations and records of the organsiation. Using any one AI disruptiveor emerging technology risk as an example, outline how the risk management process can be applied to determine the suitability of the technology for theorgansisation. In your answer, mention and describe the risk(s) of the technologyand ensure that the first four steps in the process are outlined in the context ofinformation security.As a consequence of the diversity of risk, risk management requires a … approach. 1. narrow 2. modern 3. broader 4. traditional
- Effective risk management does not function in a vacuum and rarely survives aleadership failure. The risk management function can review, inform, advise,monitor, measure and even resign. Discuss the management principles which riskmanagement culture addresses.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 policyExplain what retention funding is and the reason why a risk manager mightimplement retention funding?