Discussion

 

1. Discuss some of the best practices in use for a risk assessment and why they are important.

2. What are some challenges we may face when executing a risk assessment?

3. Explain when you believe a qualitative risk assessment would be more appropriate to perform, rather than a qualitative.

4. Besides low, medium and high, are there any other scales used in the private industry? Explain.

5. Discuss the critical components of a risk assessment, and why they are so important to include in the planning and execute.