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Use the risk assessment template attached here to develop a risk assessment matrix.

Step 1.  Select a business

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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

 

Consequences if the risk occurs

 

· Risk Avoidance

· Risk Control

· Risk Transfer

· Risk Acceptance

· Risk Financing

 

 

1.  

 

 

 

Cause

 

 

Event

 

 

Impact

 

 

 

 

 

   

 

2.                  
3                  
4                  
5                  
6                  
7                  
8                  
9                  
10                  

 

 

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