value based management question

Question 28 10 pts You are planning to conduct a Failure Modes and Effects Analysis interview with a long-time attorney of the company who knows many of the company's key business issues. He brings a thorough history on the company's litigation matters, as well as many extensive relationships with business personnel throughout the company. He has looked forward to the opportunity to contributing his knowledge to the ERM process. However, he also has reservations about the discoverability of the information he will be providing. Several challenges arise during the interview process. Please describe the course of action you would take to resolve each of these challenges. (a) The interviewee states that much of the litigation he is working on can go in many directions with many different potential outcomes. He believes it is highly unlikely that any scenario provided will turn out as stated. (4 Points) (b) The interviewee discusses several scenarios involving risk sources that could lead to future litigation. The interview is about the company's litigation risk exposure, not risks that could lead to litigation. (3 Points) (c) When asked about likelihood, the interviewee reverts to qualitative assessments, stating whether a scenario occurs is "more likely than not" or is considered "remote". (3 Points) ! HTML Editore A- IE * 3 * * ! E ST TT: 12pt Paras go 000 F2 000