Question: ANSWER: Q3. [20 points] [Hints - Ch#6 lecture slides) a. What is risk management? List and describe the key areas of concern for risk management.

ANSWER: Q3. [20 points] [Hints - Ch#6 lecture slides) a. What is risk management? List and describe the key areas of concern for risk management. Why is identification of risks, through a listing of assets and their vulnerabilities, so important to the risk management process? ANSWER: b. Who is responsible for risk management in an organization? In risk management strategies, why must periodic reviews be a part of the process? ANSWER: c. What are vulnerabilities? Describe the TVA worksheet. What is it used for? ANSWER: d. Examine the simplest risk formula presented in this chapter. What are its primary elements

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