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Question 1 of 1
Concept of Risk
Complete the following in small groups / individually as per the instructions from your facilitator:
1.1 Explain each of the following terms in your own words and give an example of each from your organisation/ unit:
Term
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Explanation
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Example
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a) Risk
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b) Probability
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c) Upside risk
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d) Downside risk
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1.2 Risk categories:
Explain how your organisation/ unit can be exposed to the following risk categories:
a) Financial
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b) Equipment
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c) Organisational
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d) Security
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e) Legal and regulatory
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f) Reputation
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g) Operational
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h) Contractual
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i) Service delivery
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j) Commercial
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k) Project
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l) Safety
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m) Workplace safety
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n) Stakeholder management
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o) Client-customer relationship
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p) Strategic
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q) Technology
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Grading can be reviewed and adjusted.
Grading can be reviewed and adjusted.