Candidate Statement: Commitment To Risk Management

Risk monitoring and control is the next step and involves the owners of the risks to monitor various risk triggers. This works by scanning the project environment for both identified and unidentified threats and opportunities much like a radar screen (Marchewka, 2009). This approach directly relates to how to respond to the risk. Risk response allows the owner of the risk to commit resources and take actions once the risk is known or opportunity is available. This action usually follows the planned risk strategy.

The second aspect of management used to investigate the issue is Controlling. Control is a concern that is facing every manager in every organisation today. Many businesses continually look to improve relationships between all levels of staff in order for a healthy working environment. To effectively control a business the organisation requires information about

One of the non-technical control that I would endorse is user awareness & training. User awareness and initial/refresher training should be an obligatory yearly requirement for all staff members; since 86% of the incident come from human error, alertness should be a prime control for mitigation actions. Employees must be made aware of emerging threats and the policy & practices to eradicate

Managing risks - ensuring that the business will gain benefits, more so that being affected by costs. This can involve developing control procedures that management and staff can follow to ensure practices are being completed appropriately and are going towards the organisation’s goals. Control procedures can include:

Identify the potential risks which affect the company and manage these risks within its risk appetite;

supportive of the project to develop a new plan. You have been assigned to develop this new plan.

* There are three (3) schools of thought regarding risk. The first considers the positive and negative aspects of risk, but sees them as separate. The second group believes that there are benefits from treating threats and opportunities together, while the third school does not label uncertainties, but addresses uncertainty as part of “doing the job.” Argue the value of having a risk strategy despite the cost associated with it. Include an example to support

Risk Management issues are often handled at the facility where the problem(s) exist. One of the duties of Risk Manager’s is to communication and collaboration between departments within an organization in question. In addition, to sinking risks, and cutting costs in order to promote process efficiency .By analyzing incident reports is one way to correct current problems, and future problem areas. Risk managers are also responsible for certain criteria that must be met in order for full participation in certain government and state reimbursement programs ("World Health Organization," “n.d.”). Risk Management is a structured approach to managing improbability, related to a risk, through a structure of human interaction.

Risks can be personal or business related. Many risks occur on a daily basis and you must overcome them to get a reward. Risks include; -

Every day of our daily lives we are exposed to a large variety of risks. Those risks can include large financial losses that may occur from investing in the stock market, to damage to your vehicle while driving to work, or fire damaged to your property while on vacation. All those unforeseen events can have the ability to drain all your financial resources, which can cause some major damage to your financial goals and stability. Personal risk management is important because it helps reduce and sometimes eliminate those potential risks. By managing and assessing risks we can alleviate potential financial losses and ensures that our way of life can remain unaffected by those unforeseen events. (Personal Risk Management, 2016). Together there are five risk management steps that are combined to deliver a simple and effective risk management process. Those steps include identifying the risk, analyzing the risk, evaluating and ranking, treating the risk and finally monitoring and reviewing the risk while implementing changes as needed (Schurr, 2016)

Risk management compiles data of all the factors in the scenario or event that could likely or rather possibly come about from any negative situation. The risk management formula and method of approaching situations more often than not attempts to look beyond the current situation and determine possible outcomes based on experience rational thinking considering all factors. Risk management is more than just an equation however, it is a way of thinking, operating and making good use of ones abilities and resources. It is a much needed skill and practice that should be used continuously as threats to homeland security and defense are always changing and or growing bolder. Along with continuous application, one aspect of risk management is that as threats continuously change it is a constant and always applicable formula that can be used despite the situation. Risk management will always be applicable useful no matter the situation if one is capable of applying it

The Westing game by Ellen Raskin was full of lots of characters. A game secretly designed to pull out a sole heir for the Westing estate; it had many clues and characters. Even though a well defined mystery, there was no one single main character. Turtle Wexler, who is the daughter of grace and jack Wexler, wins the game eventually. Even though she wins the game there and the she doesn't let the others know until five years later. If turtle Wexler goes missing in the book then all the characters would be befuddled and lost about where to go. The story gets started when Sam Westing is declared dead and the game is started. Turtle's partner in the game is the dress maker Flora Baumbach who would be more worried about losing turtle. Even though turtle might appear immature with her braided hair and the bank of kicking people I the shin, she turns out to be the smartest of all. She convinced Flora that to win the game they should invest in the stock market. Description of the missing: Turtle Wexler can be described as a teenage girl with blond hair. She is quick perk and daring as was guessed from her willingness to go into the Westing house on Halloweens night. She came running out of the house when saw the dead body of Sam Westing. Her dressing sense is not very preppy as she appears to be more of a t shirt and jeans sort of person. Compared to her elder sister Angela, turtle is described as not very attractive and gorgeous. People interacted with: unlike other people of her

Make risk management an integral part of your organization’s management approach. Emphasize the need to communicate and consult with both external and internal stakeholders, Continuously monitor and review your organization’s risk management process (including SOC playbooks and CSIRT response scenarios).

Risk management is the term applied to a logical and systematic method of establishing the context, identifying, analyzing, evaluating, treating, monitoring and communicating risks associated with any activity, function or process in a way that will enable organizations to minimize losses and maximize opportunities. (Lecture notes)Risk Management is also described as 'all the things you need to do to make the future sufficiently certain'. (The NZ Society for Risk Management, 2001)

One well accepted description of risk management is the following: risk management is a systematic approach to setting the best course of action under uncertainty by identifying, assessing, understanding, acting on and communicating risk issues. In order to apply risk management effectively, it is vital that a risk management culture be developed. The risk management culture supports the overall vision, mission and objectives of an organization. Limits and boundaries are established and communicated concerning what are acceptable risk practices and outcomes. Since risk management is directed at uncertainty related to future events and outcomes, it is