3. Risk Management a. Understand the definition of Risk b. Difference between Risk and an Issue c. Why do organizations take risks d- Steps in Risk Management Risk management process (identification, analysis, planning, monitoring} What makes up Risk assessment and what makes up Risk Control Expected Monetary Value Quantification of Risks (le) Risk response plans and the difference Identify the different phases on the risk management process based on scenario description j. Aggregate Risk exposure k. Steps in monitor and control risks :'qarhfp