(4 marks total; no marks for an incorrect response or no response) Leading organizations consider that the implementation of a risk management system is an investment in the business, and not a cost of doing business. Answer 1 Question 1 Choose... The Return on Investment (ROI) for investing in a the implementation of a risk management system cannot be directly measured (because it is unknown how many loss incidents will occur or what the cost avoidance is for each loss incident avoided), so a broad, long-term study established that an investment in the implementation of a risk management system will yield benefits in productivity, maintenance costs, productions cost, capital costs, and insurance premiums. Answer 2 Question 1 Choose... No matter how effective the implementation of a risk management system is, it is always going to be a net cost to the organization i.e. effectively implemented risk management systems do NOT generate any savings.

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