Think of a situation in your life when you identified a risk and came up with a plan to manage that risk. Perhaps you purchased car or health insurance or anticipated a potentially costly or harmful situation. How did you decide whether the cost of implementing your plan was fair? Did you ever think that the risk was so slight that the cost and time you would devote to preventing it might not be worthwhile? Organizations, too. weigh the trade- ofis among the cost. time, and effort involved in preventing a risk and the potential cost if that risk were allowed to happen. For this Discussion, you will consider an organization where you currently work or one with which you are familiar. Think back to a major issue that occurred at your organization. Remember that all issues were once risks, even if you did not identify it before it occurred. Briey describe the companyiorganization. Describe the major issue that occurred. (Whether or not the issue was previously identied as a risk, assume that it was for the purpose of this activity.)