Defining risks by source categorizing risks evenly

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Reference no: EM133375194

Question: The following is a sample of five (5) risks that were identified through the QA process: Risk #1: Competitor risk, resulting in a $6M revenue loss Risk #2: Unexpected malfunction of the main West Coast store's primary cooler, resulting in a $500K revenue loss (note: this event actually occurred two years ago, and since that time, the following mitigation was put in place to prevent recurrence: two separately-located backup coolers were installed, and also a 2-hour response servicing agreement was purchased to prevent lengthy outages.) Risk #3: Reputational damage resulting in a $10M revenue loss Risk #4: Technology risk, resulting in a $5M revenue loss Risk #5: Unexpected outbreak of customers getting sick due to a contaminated batch of kale, which makes headline news on national cable and TV channels, resulting in a $20M revenue loss. Circle the keys to successful risk identification below that TropicalBlend FAILED to meet. A. Defining risks by source B. Categorizing risks evenly C. Defining metrics clearly D. Gathering data appropriately E. Identifying risks prospectively

Reference no: EM133375194

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