Answered Essay: 1. Identify 1 thing you expect to learn about Risk Management. 2. Identify 1 thing you

1. Identify 1 thing you expect to learn about Risk Management.

2. Identify 1 thing you already know about Risk Management.

3. Identify 1 thing you want to know about Risk Management.

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Expert Answer

Ans 1 )-

Risk management is a very essential part of an organisation for a manager as well as an employee. It is a daily task to reduce the overall risk at the workplace and have to be done efficiently.

Differentiating between analysing and evaluating the risk

In the risk management process I have always been confused between analysing the risk and evaluating the risk hence I am expecting to learn about analysing the risks and evaluating the consequences of the risks by developing a sense of understanding of the nature of the risk.

Ans No.2)-

Identification of the risk

I know about identifying the risk, I have successfully learn that how to identify a risk and think about how these risk could affect my projects and outcomes. By using Different techniques in identifying the risk we can easily calculate rough idea of the outcome that would be done by the specific risk.
Identification techniques which I use are as follows.

  • Brainstorming
  • Interviews
  • Checklist
  • Scenario analysis
  • Swift technique

Ans 3 )-

Complicated risk management

I want to know how the risk management works in the situation where the risks are very complicated. How the risk management processes are applied into that situation. Do they need any multiple risk management strategies applied all at once at one place or the reduce the complexity of the problem then apply the risk management processes. According to the intensity of the risk management I want to learn to apply different kind of strategies with correct impact to the given issue.

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