1.
The risk management planning processes encompasses several general areas, including organizational structure, risk tolerance, and mitigation vs. elimination. Share at least two examples that compare how organizations’ different structures, risk tolerances, and mitigation strategies affect risk management planning.
For example, an organization structured along functional lines might with respect to risk management planning, while an organization with project-based structure might instead . An organization with high tolerance might with respect to risk management planning, while an organization with low tolerance might . An organization seeking to mitigate risk might ___ with respect to risk management planning, while an organization seeking simply to eliminate risk altogether might _.
2.
Take a quick look at the following as you prepare to answer the discussion question and address this weeks assignment: Risk Response Strategies
Ask yourself, "What is the best risk solution given a cost/benefit trade off?"
3.
Everyone.. Some consider "Acts of God" Unknown Unknown risk (e.g. COVID-19 perhaps) made famous by former Secretary of State Donald Rumsfeld, a category of risk different from "external" issues .