Analyze risk management methods and standards
Business Management
Answer each question in as much detail as possible, considering your organisational requirements for each one.
1. What risk management methods and standards are best to use for the following low level risk situations. Explain why.
2. How can you calculate total risk?
3. How might you go about performing risk control?
4. How might you visualise risk likelihood and consequence rankings using a matrix?
5. Give four examples of risk records.
