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Risk Assessment - Identification, evaluation, and estimation of the levels of risks to which an organization may be exposed in a situation, their comparison against benchmarks or standards, and whether it would be in the organization's best interest to take certain measures to reduce these risks ...

(CH. 1 The Risk Mgr - LO 1) Reporting Structures & The x2 Effects - RM should report to the highest level of management which differs at each company. CFO, President COO, Dir of HR, Legal, Affects: 1. Risk Appeite - Legal would be less & Marketing more accepting 2. Areas of Focus for RM would ...

Risk - Uncertainty that may be either positive or negative arising out of a given set of circumstances. For broad definition of risk used in risk management - A) Chance or probability of loss B) Uncertainty concerning loss C) Possibility of a variation of outcomes from a given set of circumstanc...

Explain the impacts of an effective Risk Management program on an organization (6) - 1. protects organization's reputation/brand 2. Increases profitability 3. Raises awareness of risk management 4. supports managerial objective 5. Improves morale and productivity 6. Improves quality, process ...