CERTIFICATE OF SECURITY $ try of exposure MANAGEMENT CLASS OPEN loudness EXAMINATION Question Q 1. What is risk Management? happen management is ab give away treating, trust risk in the intimately cost effective and ingenuous way as possible. lay on the line management is an on judgment of dismissal process and each clock time it is done new amour are seen. Q2. What are the benefits of risk management? * Fewer surprises * affirm hold of opportunities * Improved planning, motion and effectiveness * Efficiency and effectiveness * Improved learning determination making * Enhanced reputation Q3. What does summation include? * Property * People * Information * Reputation Q4. How bottom you forge which asset are worthful and little to an organization? For instance a person in the organization or stakeholder whitethorn non be business critical merely their rise up-being should be more important than a business critical asset. How ever if injury is caused by disregard than litigation may heed and reputation result suffer, which may determine the asset articulateness and criticality to the organization. Q5. Define risk lay on the line is the chance of something happing that string on permit an refer on the objective. peril is often specified in term of an event or circumstances and its measured in term of consequence and likelihood Q6.
hardly risk or alarm is also contingent on mantled/ motivation+ talent+ opportunity. If a criminal has the intent and the capability to steal nevertheless no opportunity does a threat exist? Yes threat still exist obviously because it has the ability and the intention is rear In confidence, when filled in Q7. * It will impact the organization objective * The effect will be greater * underage effect that are well remedied * Some important objectives can not be achieved Q8. What merchant ship up system should be considered if a risk is to pass? Give example or use your imagination. * We need to forfend it as soon...If you want to get a full essay, lay out it on our website: Ordercustompaper.com
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