Identifying and Addressing Risks

Each week, you will be asked to respond to the prompt or prompts in the discussion forum. Your initial post should be 75-150 words in length, and is due on Sunday.

You should respond to two additional posts from your peers.

There are several ways to address risk. The particular way an individual or firm chooses will depend on their risk tolerance and strategic objectives.

Give real-life examples of mitigating a risk, avoiding a risk, transferring a risk and retaining a risk with which you have personally been involved.

For each example, explain the process you undertook to determine the risk and how you went about addressing the risk.

Please respond to at least two of your peers' initial posts offering suggestions on how to improve their process in identifying the risks and handling them.