Applying your understanding of the stages of the Risk Assessment Process, how do you believe you apply these steps in order to make informed decisions in your personal or professional life?

Unit 2: Assessing Risk

1. Risk Assessment
2. Qualitative Risk Assessment
3. Semi-Quantitative Risk Assessment

Write:

• Applying your understanding of the stages of the Risk Assessment Process, how do you believe you apply these steps in order to make informed decisions in your personal or professional life?
• Explain how you would prepare a Risk assessment of an activity you are planning in the future. (Business or Personal)

In your response, consider the following:

1. Is there a conscious (or subconscious) process you explore when evaluating your options and how they may impact your desired outcome?
2. What information do you use when ‘weighing your options’? Ex. Historical results/outcomes, feedback from a trusted source, etc.
3. What “criteria” do you use to decide what’s MOST important to you when making your decision? Ex. Your personal morals, company policy, the opinion of others, etc.

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