Practice Questions 1) What are different categories/types of risks that an organization faces from time to time. Explain in details. 2) Explain the Expected Monetary Value of Risk 3) Suppose you have just been appointed to lead the Risk Management Department in your organization. Your main responsibility is to manage all the risk your organization is exposed to. You are required to give a presentation to the management on how you plan to manage all aspect of risk your organization might be exposed to Against this background, you are required to demonstrate a good understanding of the risk management process with particular emphasis on models in risk management. Hence, you are required to choose and present one model which is most suitable for estimating the probability and impact of risks in your organization. Bear in mind that management will require you to provide justification for chosen model. Choosing the right model. (2 marks) Justification for chosen the model. (4 marks) How you will apply the model in your organization (4 marks) 4) What are the different ways to discover and identify risks? Discuss the different ways to identify risks. What methods do you use in your organization where you work, mention specifically? 5) What are the emerging risks in cyber space and smart government, how do you tackle the same in your organization, explain in detail? 6) Analyse the different ways of Risk Identification and explain the benefits and barriers identifying risk in the construction projects in MENA Region. Note: You are expected to read the paper on Risk Identification Barriers in Construction Projects in MENA and prepare notes. (reproducing from paper as it is not acceptable). https://pmworldlibrary net/wp-content/uploads/2018/08/omwi73-Aug2018-Kotb- Ghattas-Risk-Identification-Barriers-in-Construction Projects-in-MENA.pdf