1-we all deal with risk differently. Whereas one person may plan to reduce the negative effect of a risk

situation, another may choose to totally avoid a risk situation. The risk situation in this case is the probability and the impact of your car breaking down on your way to work. The way each person plans to prevent a risk event from negatively impacting him/her or increase the likelihood and impact of a positive risk event occurring is what is known as risk management. 

Class, now that I have given you a very simple example of risk management, let’s talk about the risks you face in your everyday life and why you would choose to manage it.

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"