Education homework help
Use the risk assessment template attached here to develop a risk assessment matrix.
Step 1. Select a business
Step 2. Identify a minimum of 10 potential risks that could effect the business operation.
Step 3. Complete the chart for each of the 10 potential risks. Education homework help
Step 4. Support your assessment with credible academic and business quality sources.
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Risk Assessment Template
Establish the Context | Risk Description | Effectiveness of Controls | Analysis | Risk Treatment | |||||
Objective | Context | Risk Source | Description | Control(s) | Control Rating | Risk Rating | |||
State the potential business risk that could interrupt the business or segments of the business | List internal and external factors that influence this risk | Where the risk originates (e.g. regulatory requirements, political changes, natural disasters, man-made disasters, etc.) Education homework help. | Describe what might occur which { Cause(s)} the { Event} that leads to an { Impact/Consequence(s)} | What steps can be taken to control, avoid, or minimize the impact of the event such as a process, policy, practice, device, etc. | Is the risk-
Highly likely to occur Medium likelihood it could occur Low likelihood it could occur
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Consequences if the risk occurs
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· Risk Avoidance
· Risk Control · Risk Acceptance · Risk Financing
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Cause
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Event
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Impact
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10 |
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