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Identify the risk-determine potential impact

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Reference no: EM132368946

According to Smallwood (2014) there are five basic steps to conducting a risk assessment: (1) Identify the risk, (2) Determine potential impact, (3) Evaluate risk levels and probabilities and recommended action, (4) Create a report with recommendations and implement, and (5) Review periodically.

Identify a risk within any organization. Assess the risk based on the Smallwood's criteria.

Reference no: EM132368946

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