What additional challenges has covid-19 brought to erm

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1, An organization cannot plan for or manage the unknown unknown risks, but they happen all the time. Unknown unknowns are things we are neither aware of nor understand. However, it is possible to manage and minimize the negative impact once they do surface. What steps should an organization take when unknown unknowns hit them?

2. What additional challenges has COVID-19 brought to ERM? How can business leaders mitigate the risks associated with a pandemic, and what do business and government risk leaders need to think about today to prepare for an uncertain future?

3. Choose a situation with which you are familiar where a risk event occurred that had a high impact on a project, causing it to exceed the contingency allowances in the schedule or budget. Do you think this event was an unknown or known risk? What additional mitigation efforts (if any) should be used on a similar project in the future?

Reference no: EM133180267

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