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Risk management -- 2

1. Positive risks are situations that could provide great opportunities if you only harness them effectively. There are four formal management strategies for responding to positive risks, explain each one of these strategies and provide an example for each

[login to view URL] performing a quantitative risk assessment there are serval tools that can be applied

Probability distributions that estimates the potential of a risk event to occur over a pre-described range. There are different distribution types that impact risk management, including: Normal Distributions, Uniform Distributions, Triangular Distributions, and Beta Distributions. Pick any three types of these distribution types and explain them in detail highlighting when each one of them should be applied providing an example for each

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3. The dynamic spread of COVID-19 and the uncertain developments ahead are causing difficult times. As well as its effect on people, the coronavirus is rapidly disrupting business and consumer activity in the affected areas and beyond. Think of the different scenarios of how new risks are rising in business that are associated with the pandemic. What do you think are the new risk to business that can be associated with COVID-19 and how can those risks be mitigated?

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