Risk Wheel: Methods for Assessing and Managing Risk
About this session:
This presentation is intended to demonstrate different methods of assessing and mitigating an organization's risk. We will explore various methods of determining risk, methods for determining mitigation, and how to communicate the needs to the C-suite.
1. State the formula for calculating risk in an organization
2. Identify the difference between qualitative assessments and quantitative assessments
3. Indicate how all risk is interconnected
4. Identify the differences between structural and variable risk and their impact