May 20th, 2015
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Arkansas Tech University
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Risk Reporting  Risk Reporting occurs after risk identification, analysis, and control are complete.  It can be in a written form or it can be done orally.  A Risk Report should be clear, concise, and self – explanatory

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Key Concepts in Risk ManagementComponents A basic element of an overall system. It can be in a form of Processes, Deliverables or both.Threat The occurrence of event that negatively affects the project. It exploits vulnerability or exposure.Probability Determines the extent to which a risk will occur and the level of vulnerability.Control Is a measure in place to mitigate, prevent, or correct the impact of a threat.Approaches in Performing Risk ManagementQuantitative Approach Relies on statistical calculation to determine risk, its probability of occurrenc

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