Risk concerns both positive and negative aspects of a possible event. For example, when the covid 19 crisis took place this offered an unexpected business advantages or new product for certain organizations - a positive risk came to volition for that organization.For example, when the covid 19 crisis took place this offered an unexpected negative risk, no one would come to your movie theatre, to come to volition for some organizations.

1. How should an organization prepare for either type of event?
2. How should a business avoid negative events occuring and enahnce opportunity for positive events?
3. Explain the concept of a Pareto Chart - provide an example - explain how the concept of the Pareto Chart might be used in making decisioins about handling negative risks which could impact a project or organization