Management of Institutional Risk and Critical Incident Management DQs WK1

timer Asked: Sep 10th, 2013
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Question description

Hello again. I told you we have started something! Here's what I need help with:

"I expect your discussion responses to reflect critical thought. Whenever possible, please try to relate the course content to real-world applications from your work experience. Unlike your formal written assignments, I do not require that your discussion question responses adhere to specific formatting requirements. However, please make sure to proofread carefully. Grammar and spelling errors may impact the grading."

Answer all the following:

  • How is risk measured? What must be considered when measuring risk? What do these factors tell us about the risk? (at least 200 words)

  • How is cost determined when assessing a risk? Why is prioritizing the potential for loss so important? Describe one method of prioritizing loss potential. What benefit do you see from using this method? (at least 200 words)

  • Identify the consequences of not managing a risk. Provide an example of an unmanaged risk within your organization. Describe what has happened to the organization because of the unmanaged risk. (at least 200 words)

    In the supplement I will provide a reference you can use. You really don't have to research as the answers should be in the readings I provide.

Tutor Answer

School: Purdue University

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Awesome! Exactly what I wanted.

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