Please answer the question based on your knowledge of your operation managements. You don't need to have textbook to answer this question. Just go for it.

1. Risk workshops often generate so many risks that it is not possible to adequately assess and address all of them. On other occasions a small number of risks are identified, which allows for an in-depth assessment. What are the advantages and disadvantages of these two scenarios?

2. Explain the differences between outcomes, causes, and risks. Provide and example of each. What are the implications of confusing these?

3. Is the term inherent risk helpful? How could it help and/or hinder the assessment of risk?

4. What are the possible complications of moving from assessments of predefined sets of risks to using top-down objectives based on the balanced score card approach?

5. How does voting technology work? Discuss the advantages and disadvantages of using voting technology compared with other approaches such as those described in this case study.

Required:

1. Provide an initial posting of 400 to 600 words by Thursday. Then provide two responses of at least 100 words each that extend or provide alternate views for the initial posts of at least two students by Sunday.