Reference no: EM133048803

Title: Risk Analysis

1. Analyzing the risks posed by the job of miners in the mining industry.

(1) A list of potential hazards that exist on the job of miners in the mining industry.

(2) Assess the Hazards: a list that assesses the hazards-determine and describe how likely it is that each hazard you identified will happen and how significant the consequences could potentially be.

(3) Manage the Hazards: a list that identifies ways to control the risks/hazards that you listed (how can you eliminate, isolate, add safeguards, use safety measures, or protective equipment, etc.)

2. Analyzing the risks posed by the job of taxi drivers in the taxi industry.

(1) A list of potential hazards that exist on the job of taxi drivers in the taxi industry.

(2) Assess the Hazards: a list that assesses the hazards-determine and describe how likely it is that each hazard you identified will happen and how significant the consequences could potentially be.

(3) Manage the Hazards: a list that identifies ways to control the risks/hazards that you listed (how can you eliminate, isolate, add safeguards, use safety measures, or protective equipment, etc.)

3. You will imagine that you are a risk management specialist who has been hired by a local coffee shop in Key West, Florida, to help the owner better understand and examine the risks that he could possibly face in his business.

You should come up with a way to measure the likelihood of the risks-may be rating each risk on a scale from 1-10, for example.

You must examine and analyze each of the five types of risk - Natural Risk, Economic Risk, Market Risk, Human Risk, and Speculative Risk - for the coffee shop.

4. Please include a list of resources and websites that you used in your research.