You should now have a good understanding of risk and making decisions based on risk scenarios.

Please describe a risk scenario from your personal life. For example, protecting personal items from theft, having health or car insurance, or any or situation where you faced risk (either financial, personal,etc)

Describe the Risk Scenario. What are the threats? What would be the impact if those threats actually occurred? What is your Risk Appetite?

Discuss your options for each of the four risk solutions (Avoid, Ignore, Transfer, Reduce). What are the most realistic options and the pros and cons of each?