The Different Businesses Tend to Recover in Different Ways Discussion

Description

Present your thoughts to explain how the recovery for business would be after experiencing damages. No references or sources needed. Just use your opinions. Please find the discussion question in the attached document.

The chapter provides basic ideas about how to do risk mitigation for projects and businesses, such as

  • Each risk is reviewed in the context of the mitigating controls that are in place as a preventative measure.
  • Appropriate action is then determined based on the level of residual risk.
  • These responses could be risk avoidance, risk sharing, risk acceptance or risk mitigation which mains actions to reduce the impact or likelihood of occurrence.