For this week’s discussion board assignment, answer the following questions as a response to this thread. You will not be allowed to create new threads, as you may have done in previous classes. Do not merely list the question and then write an answer. Consider all the 3 questions are inter-related. Your response must be substantive — one to two paragraphs. (Please — no more than two paragraphs!) 1. What is risk management? 2. What are the benefits and hazards involved in risk management? 3. Describe likelihood and impact in the risk assessment process.
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