What is the difference between risk assessment and risk mitigation?
Reflections for Week
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1.What is the difference between risk assessment and risk mitigation?
2.What are the 9 steps of risk assessment? What do the 9 steps of risk assessment accomplish?
3.Comment on Step 5: Likelihood Determination. What is “likelihood”?
4.What are important risk mitigation options?
5.How would you “assess” the effectiveness of your risk management strategy?
6.What would you use as “keys for successful” risk management?
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