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Categorise the various components within the risk identification
phase and explain why it is necessary to understand the downstream
effect in risk management. (25)
Let me categorize or identify various components with the risk identification phase, also let me discuss the necessity to understand the downstream effect in risk management, those are as stated below:
Categorise the various components within the risk identification phase and explain why it is necessary to...
it's Risk management subject 1. In the risk identification process, those involved should recognize that it is a misperception to think of a risk as a sudden event." Identifying an issue that is facing the organization and discussing it in advance can potentially lead to the risk being mitigated. Before considering some of the specific techniques available for organizations to identify risks, several important factors should be noted about this process; identify and explained the five (5) factors. (25 marks)...
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