Question: You are required to prepare a risk management plan for an actual organization by identifying risks in the organization. For each of the risk you

You are required to prepare a risk management plan for an actual organization by identifying risks in the organization. For each of the risk you identify, you are to:

1. Assess the probability of its occurrence.

2. Assess the level of impact of the risk whether its high, low, medium etc.

3. Provide mitigating strategies for each risk and why you settled on that strategy.

4. Also add the benefits of a risk management plan with examples.

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