Risk Assesment Tool for Identification of Impending Threats Discussion

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In approximately 600 words, answer the question below. Follow APA guidelines. Must use at least two references and citations

Discuss how risk assessment can be challenging?

Must use at least two references and citations.

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Running Head: RISK ASSESSMENT OUTLINE

Risk Assessment OUTLINE
Name
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1

RISK ASSESSMENT OUTLINE


To start with, risk assessment data do not always reveal the existing reality.



Secondly, there are situations outside the capability of risk assessment that can present
various potential risk/or harm to the organizations.



In addition, risk assessment involves a complex process and sometimes complex
calculations



. Furthermore, the risk assessment does not factor in unmanaged losses (Zio, 2016).



Another challenging part is that risk assessment depends on the external entities that are
often modulated within the organization.



Moreover, the selection of methodologies for risk assessment is challenging as well as
costly.



Furthermore, risk assessment takes a long time to collect data/or information.



There are also no universally agreed on procedures for risk assessment (Jacxsens et al.,
2016).



There is also a lack of meaningful risk assessment process.



Data interpretation to derive actionable insights is very challenging. Information that
exists is often generated at an unprecedented volume and time.



Another challenging part is that most employees tend to view risk assessment as a
hindrance to day-to-day organization activities (Aven, 2016).



Also, risk assessment is non-f...


Anonymous
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