Imagine you are the chief financial officer (CFO) of a mid-sized company. You have been tasked with identifying the areas where your company is exposed to risks. This risk needs to be mitigated. What approach would you take to the risk management process and why?

As CFO, explain why the steps in the risk management process are important. Give an example of the three-step approach to risk management for a company.

List three or more common risks that a company could face and evaluate some of the implications if the company decides not to plan for each identified risk.

Answer rating: 100% (QA)

Risk Management Approach As the CFO I would adopt a comprehensive threestep approach to risk management 1 Risk Identification Conduct a thorough analysis of the companys operations financials and exte... View the full answer