Risk and risk management mean

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Reference no: EM133196195 , Length: 2 Pages

1. What does risk and risk management mean to you?

2. Are there different definitions for risk? If so, what are they?

3. How would organizations benefit from having a formal risk management program (especially for IT and auditing)?

4. Describe how an organization you've worked for or observed handles risk. Do they use a formal risk management process or tool? Or is it more ad-hoc, where risks are handled differently on a case-by-case basis?

Reference no: EM133196195

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