1 Explain what is meant by business risk
The primary theme of the paper is 1 Explain what is meant by business risk in which you are required to emphasize its aspects in detail. The cost of the paper starts from $79 and it has been purchased and rated 4.9 points on the scale of 5 points by the students. To gain deeper insights into the paper and achieve fresh information, kindly contact our support.
Outcome 1 Understand the management of business risk
The learner can:
1 explain what is meant by business risk
2 analyse business risk identification theories and models
3 explain measures and techniques to mitigate business risk
4 explain their own level of authority in managing risk
Outcome 2 Be able to address business risk
The learner can:
1 monitor work in line with organisational risk procedures
2 identify potential risks using agreed risk criteria
3 assess identified risks, their potential consequences and the probability of them
happening
4 communicate to stakeholders the likelihood of the risk occurring and its potential
consequences
5 explain organisational business risk management policies
Outcome 3 Be able to mitigate business risk
The learner can:
1 develop risk management plans and processes that are proportionate to the risk and the
available resources
2 implement risk management plans in accordance with organisational requirements
3 monitor on-going risk-related developments and amend plans in the light of changing
circumstances
4 keep stakeholders informed of any developments and their possible consequences
5 evaluate the effectiveness of actions taken, identifying possible future improvements
100% Plagiarism Free & Custom Written
Tailored to your instructions