09 May Risk Assessment Model and Processes
9965Your organization wants to expand its two-dimensional risk assessment model (that currently uses severity and likelihood) to a four-dimensional model. What two additional risk factors would you recommend be added? Explain your choices.
Explain the importance of focusing risk management efforts on hazards with a high potential for harm, even if these hazards are few in number?
Describe how communication should occur in the risk assessment process and why it is important to the workplace.
Compare and contrast quantitative, semi-quantitative, and qualitative risk models. Include a discussion of the advantages and disadvantages of each.
PLEASE MAKE SURE TO USE THIS AS A REFERENCE: Popov, G., Lyon, B. K., & Hollcroft, B. (2016). Risk assessment: A practical guide to assessing operational risks. Wiley.
https://online.vitalsource.com/#/books/9781119220909
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