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Business X conducted a risk workshop that produced so many risks that they could not adequately assess everything on the list. Business Y also conducted
Business X conducted a risk workshop that produced so many risks that they could not adequately assess everything on the list. Business Y also conducted a risk workshop but very few risks were identified but they had time for an in-depth assessment. What are the advantages and disadvantages of these two scenarios? 2. Explain the differences between outcomes, causes, and risks. Provide an example of each that was not covered in the book. 3. What is inherent risk? How could it help and/or hinder the assessment of risk? Provide an example of inherent risk. Do not use Investopedia. 4. How does voting technology work in the ERM environment? Discuss the advantages and disadvantages of using voting technology compared with other approaches such as those described in this case study
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