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QUESTION ONE [40] Describe the following four (4) types of lists: 3.1 Master Risks List. (5 marks) 3.2 Risks by Services List. (5 marks) 3.3

QUESTION ONE [40]

Describe the following four (4) types of lists:

3.1 Master Risks List. (5 marks)

3.2 Risks by Services List.(5 marks)

3.3 Top Risks List. (5 marks)

3.4 Retired Risks List.(5 marks)

3.5 Distinguish between risk probability, risk impact and risk exposure. Include their impact on Risk Analyses within your answer. (20 marks)

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