She responds, "Now, I have something else for you to consider. I recently met with my old friend Captain Bluff. The captain would like to add gambling to the riverboat. He's an expert in this area and will navigate all the legalities to make it happen. Captain Bluff offered me 20% of the riverboat gambling profit. Of course, the winners will be paid out in cash." Carmine hesitates, then adds, "While I'm interested, I wonder if this will draw a different crowd." The team leader responds, "Carmine, before you make a decision, let my team add the impact of this gambling option to its initial risk assessment. We'll report back to you later this week."

You should be able to identify at least four potential risk/opportunities. After completing the Risk/Opportunity Summary form for the proposal. Come up with a recommendation for Carmine for accepting or rejecting the proposal. In a memo to Carmine give your recommendation and your supporting reasons. (Note: a memo is one to two pages in length). Include your Summary form as an attachment to the memo. (I mean refence it in the memo and submit both for the assignment).

1. Brainstorm and describe potential risks and opportunities associated with this event.
2. For each risk/opportunity, determine its potential impact on the event (significance) and likelihood of occurrence.
3. For each risk/opportunity, choose an appropriate response (accept, avoid, pursue, reduce, or share) and briefly describe it, including an applicable control.