Question: Name: / 10 points In the process of Identifying Risks, we discussed the importance of coming up with a As a result of , cautioned

 Name: / 10 points In the process of Identifying Risks, wediscussed the importance of coming up with a As a result of

Name: / 10 points In the process of Identifying Risks, we discussed the importance of coming up with a As a result of , cautioned that one or two words only should never be used. Clear risk descriptions will may occur, which would lead to help us manage the right risks, at the appropriate level. In this exercise, I have lined up a few trick methods (including the one we saw in class T- E- /) used in the Industry to come up with risk event descriptions. Using any or all of these if you wish, you will need to come up with proper descriptions for four (4) negative risks (threats) events and one (1) positive risk (opportunity) event. Trigger Risk Impact Event [Event that has an effect on objectives] caused by A pattern for writing a statement of risk is: [cause/s] resulting in [consequence/s]. IF conditions(s) OCCURS [during period] An alternative two statement version is: THEN A NEGATIVE/POSTIVE IMPACT TO consequence(s) MAY OCCUR [Event that has an effect on objectives] caused by [cause/s]. This may result in [consequence/s]. IF [Event], THEN [Consequences].\f

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