Week 26 (Day 5): Risk Assessment

Risk Management and Insurance
Written By Brandy Sparkman

Day 5: Evaluating Risk Impact and Likelihood

  • Take Action

  • Helpful Tip

  • Free Resource

Week 26 Day 5 Action Plan

Today, we delve into evaluating the impact and likelihood of identified risks. This step is crucial for prioritizing your risk management efforts and resources.

Take Action: Assessing Risk Impact

  • Prioritize risks based on their potential impact on your business.

  • Assess the likelihood of each identified risk occurring.

Helpful Tip:

  • Focus your risk mitigation efforts on high-impact, high-likelihood risks.

Free Resource:

Stay in Touch

Which risks did you identify have the highest degree of likelihood to occur?

Until tomorrow, happy financial management!

 
Brandy Sparkman
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Week 26 (Day 6): Risk Assessment
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Week 26 (Day 4): Risk Assessment