Question #1 - KRI Risk threshold exceeded

A high impact, low probability risk has materialized as evidenced by the KRI risk threshold being exceeded. This is in spite of your best efforts todefine, assess, and mitigate the risk throughyour risktreatment and response plan. How would you usequalitative and quantitative risk analyticsto address this serious matter?

Question #2 - Presenting your risk analytics findings to top management

After performing your qualitative and quantitative risk assessment using the analytical tools at your disposal, you are now ready to present your findings totop management and other decision makers. How would you determine and model the thresholds associated with management'srisk appetite and risktolerance so that you can proceed to develop meaningful KRI's withassociated action oriented trigger points?