TUTORIAL:-
To be reviewed in Tutorial.
1. Define Risk Management - research the topic in the library data base and provide some examples of different definitions.
2. What is Pure Risk and Speculative Risk?
3. Why is it essential for an organisation to understand and be aware of the Risks they face?
4. What is meant by the Risk Reward conflict or balance?
5. Explain the Risk Management process steps? Refer to the video.
6. What are the main categories of Risk?
CASE STUDY:
Review of Union Carbide case video:
•What were the Risk Management principles that were not followed?
•From a Risk Management perspective, what could have been done to avoid the problem and the event?