The University of Alabama Recognition of Risks Paper

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Jnrynyonre

Health Medical

The University of Alabama

Description

Hopkin outlines the 8 Rs and 4 Ts of hazard risk management in Table 4.3. Pick one of the 8 Rs and briefly discuss why you think it is a useful risk management tool. Provide one example of a situation in which it may help.

Write your answer to above question in 200 to 300 words.

Then provide two responses to other posts in about 60 words each.

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Running head: RECOGNITION OF RISKS

1

Recognition of Risks
Student's Name
Institutional Affiliation
Date

RECOGNITION OF RISKS

2

Also known as risk identification, risk recognition is the process through which
potential risks to an enterprise, a program or the attainment of organizational objectives are
determined, documented, and concern communicated. Recognition is the first "R" identified
by Hopkins (2018). Its purpose is to ensure that events that could negatively impact the
achievement of desired outcomes or the accomplishment of projects are continuously
identified. Risk recognition or identification is usually a work in progress, meaning that as a
program progresses, more information is gained and the risk statement adjusted accordingly
to reflect current u...

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