MANAGE RISKS 3
Risk is the effect of uncertainty on objectives and an effect is a positive or negative deviation
from what is expected. This definition recognizes that all of us operate in an uncertain world.
Whenever we try to achieve an ob
People engaged in the diverse forms of risk management have the same target, to provide a
sound basis for decisions on whether risks are worthy and, if necessary, obtain dependable
information how they can be managed, there are many different def
Stakeholder feedback table (example answer)
Role in process
Stake in process
Responsible for overall risk management.
Potential asset loss both
tangible and intangible.
It is an LTD
Birmingham. Has 3
What it means for the business (issues, consider advantages
and disadvantages, effect on stakeholders etc)
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GUILHERME MARINHO LIMA
Now that the risks are distinguished, the following is to determine the likelihood that the
potential vulnerability can be exploited. A few variables should to be considered when determining
As indicated in the case review, th