Risk Assessment Process Evaluation Dissertation

Risk Assessment Process Evaluation - Dissertation ExampleDuring the mould of coming up with a good risk management plan one always thinks of ways to create better opportunities for their transcription to strive so as to minimize risk, thus improving their organizations indirectly as they come up with ways of preventing potential risk (United States Congress House Committee on science, space, and technology, 1991, 39).Weaknesses One major weakness about the risk management planning process is that people only do it once at the beginning and aim that once they have covered the process their job is done and that any occurrence of future risk was unforeseeable. Thus, they relax on their job after they sub the first risk management process not knowing that it is continuous. If the risk management process is not done well it may fail to kick the bucket as it may misguide the user on risks that are not relevant to his or her organization, thus this process should be done with a lap of care and precision and all steps should be followed to the letter. Another weakness is that the risk management process cannot capture all risks that might affect an organization and trying to achieve such a goal is a waste of time because it is impossible. Challenges faced while coming up with the Risk Management supply Process While coming up with the risk management process we encountered various challenges or rather difficulties that affected us. We had to come up with various strategies to outstrip them. The following are the challenges we encountered and how we strategized to overcome them.