Question
The process of risk management requires organizations to understand risk to operations. This requires analysis and planning. 1. Define and explain Risk. 2. What is
The process of risk management requires organizations to understand risk to operations. This requires analysis and planning.
1. Define and explain Risk.
2. What is Risk management and the Risk Analysis process?
3. We identified 4 core methods to treat risk. (Identify, Assesing, Mitigation planned developed "tracking/prioritizing", & monitored) Identify and explain in detail each method to treat risk. For each method, provide an example of a risk to Rider University that is NOT related to the THE COVID 19 PANDEMIC and your recommended mitigation treatment that is within that category. Explain each recommended mitigation on its effect on the probability and impact of the risk. Be sure to consider the viability of the recommendation from a practical and cost / benefit point of view.
Step by Step Solution
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There are 3 Steps involved in it
Step: 1
Risk refers to the potential of an event or circumstance to have a negative impact on an organizations objectives or operations It involves uncertainty and the possibility of loss harm or failure to a...
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Step: 2
Step: 3
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Auditing A Risk Based Approach to Conducting a Quality Audit
Authors: Karla Johnstone, Audrey Gramling, Larry E. Rittenberg
10th edition
1305080572, 978-1305465664, 1305465660, 978-1305080577
