Describe the one risk in the field of psychology

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Reference no: EM133701007

Questions

1. Describe the one risk in the field of psychology

a. What are the consequences?

b. What is the likelihood of the consequences?

2. Choose a risk management strategy (option) and provide your rationale.

Risk management options include:

• Accept - Making an informed decision that the risk rating is at an acceptable level or that the cost of the treatment outweighs the benefit.

• Reduce likelihood or impact - Implementing a strategy that is designed to reduce the likelihood or impact of the risk to an acceptable level.

• Avoid - Deciding not to proceed with the activity that introduced the risks, and choosing an alternative approach or process with fewer risks.

• Transfer -Implementing a strategy that transfers the risk to another party or parties, such as outsourcing the management of physical assets, developing contracts with service providers or insuring against the risk.

Provide all the answers with 7 intext citation and academic references.

Reference no: EM133701007

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