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Headings of frequency of currency and severity

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-Risk might be analysed under the headings of Frequency of currency and Severity. What are the subcategories for Severity and what are the subcategories for Frequency?

-An impact analysis tool can be used to categorise and document risk. Explain what an impact analysis tool does. This could involve conducting some extra research.

-What are some of the organisational mechanisms that might be considered when developing risk control plans?

-What are contingency plans intended to achieve and how can they be developed?

-What could or should you do if, during a risk analysis process, you identified a risk that would have an impact beyond your own work responsibilities and area of operation?

-What is the purpose, in terms of sound business management, of risk control measures?

-Describe four methods that can be used when controlling speculative or pure business risks.

Reference no: EM132643890

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