creating a risk management program
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You have been charged by your company with creating a risk management program. You were recently asked by the CEO to briefly describe how impact, danger, and vulnerability are related. Quickly develop a solitary sentence that clarifies the relationship.
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- Your company has charged you with the responsibility of developing a risk management programme. The CEO has just asked you to briefly explain the relationship between impact, danger, and susceptibility. Create a concise sentence that explains the link.Examine whether the threats are within your control. What aspect of risk management is responsible for dealing with these threats? Is it possible to quantify them?Your business has entrusted you with establishing a risk management program. The CEO just requested you to describe the connection between impact, danger, and vulnerability in a few sentences. Quickly come up with a single phrase that describes the connection.
- As a customer care manager of a laptop company, you have been informed about a customer complaint that the battery gets heated up and leads to shut down of the device. Your company does not produce batteries and your terms and conditions specify that customers will have to directly deal with the battery manufacturer in case of a battery problem. Your direct report has told the same to the customer. The customer however insists that since she purchased the laptop from you, it is your responsibility to fix the problem. You realize that customer’s point is valid. How should you think about resolving this issue?Holding on to your terms and conditions and insisting that customer talk directly to the company that manufactures battery Reprimanding your direct report of not being able to handle such problems at his end Asking your seniors for counsel and advice Immediately replacing the battery since customer satisfaction is criticalHow do we establish a person's degree of risk and what methods are in place to do so?Imagine that you are a project manager at a construction company and your company is being sued. You are in possession of documents that you know will harm your company’s chances of winning the lawsuit. Can you destroy or change these documents if it improves your company’s chances of winning the lawsuit? What are the consequences of document alteration or destruction that interferes with legitimate discovery requests?
- Which of the following accurately describes the relationship between risk and reward? А The lower the risk, the higher the reward. The higher the risk, the higher the reward. The higher the risk, the lower the reward. DO Risk and reward only relate to each other on high-risk opportunistic deals.Management You are a financial advisor working for a brokerage firm, and you have been approached by a potential investor who is interested in purchasing a complex financial product that you know to be high-risk and potentially unsuitable for their investment goals. The investor is insistent on purchasing this product, and you are concerned about the potential for financial harm if they go through with the purchase. What steps would you take to protect the investor's interests and ensure that they are fully informed about the risks of the investment? Please provide a detailed explanation of the actions you would take and the factors you would consider when advising the investor on this potential investment.Principles of Risk Communication by Lundgren et. al (2018), discuss how the lay public perceives risk and how this differs from environmental health professionals. Identify at least one major tenet of risk communication and discuss why it is important to incorporate when communicating risk to the public. One peer reply due by the date listed in the course schedule.
- Companies that are developing a formalized risk management process are encouraged to document and specify the desired outcomes associated with each risk identified. What is the purpose of this activity? Listing the outcomes desired by the organization creates a basis for prioritizing risks Listing the outcomes desired by the organization creates a basis for determining which mitigation strategies should be pursued Listing the outcomes desired by the organization creates a basis for assessing the potential impact of risks Listing the outcomes desired by the organization creates for assessing the costs associated with each riskIn the 2008 reading on Security, Liberty, and the War on Terror, the author of the reading was A. Clarence Thomas B. Sandra Day O'Connor C. Ruth Bader Ginsburg D. Anthony KennedyYou are a security professional that does consulting work for small-sized and medium-sized businesses. You have been approached by a family-owned ice cream shop and asked to perform a risk assessment on its business. The company makes several flavors of homemade ice cream using secret recipes. The recipes are kept on the owner’s laptop. A new ice cream shop is opening down the street, and the company’s owner is concerned about losing business to the new shop. As a consultant, how can you identify the assets, threats, and vulnerabilities for this business?