To learn more about risk analysis, see our article at https://www.mindtools.com/pages/article/newTMC_07.htm.
Whatever your role in an organization, it’s likely you will have to make a decision that involves an element of risk. So, being able to identify and manage potential risks is an important management skill.
With effective risk analysis, you can identify any threats and calculate their possible likelihood and impact. You can then take steps to manage them, or avoid them.
For more information, watch this video!
Video Risk Analysis and Risk Management
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