One definition of risk is that it is the possibility that an event will occur and adversely affect the achievement of an objective. An illustrative objective and event are presented below:

a. Identify three potential adverse consequences of the event occurring.
b. Identify three inherent risk factors that make the event more or less probable.
c. The city’s management must decide how to respond to this risk. Two of its choices are to 1) avoid the risk or 2) reduce the risk to an acceptable level.
1. Explain how the city can avoid the risk.
2. Identify two ways the city can reduce the risk.

Transcribed Image Text:

Objective To safeguard the city's citizens and resources Event An accident at a four-way intersection