Question: Question # 5 - Risk Management ( Mandatory ) You have recently bought an old house in a poor state of repair and are viewing

Question #

5 -

Risk Management

(

Mandatory

)

You have recently bought an old house in a poor state of repair and are viewing this as an investment opportunity. You assessed all the Risks with your house. It emerged that the risk you are most concerned with is that you may lose your investment to the Risk of fire.

From your initial assessment you assessed the Risk as having a probability of occurrence of greater than

50 %

with a HIGH impact from a Cost perspective and there is a risk of loss of life.

Discuss all options that maybe available to deal with this risk?!

Question #5- Risk Management (Mandatory) You have recently bought an old

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