When Considering Risk Management, What Is an Opportunity? List and Briefly

question 14

Essay

When considering risk management, what is an opportunity? List and briefly describe 5 different responses to an opportunity.

Calculate the probability of an event occurring given the probability of two or more other interrelated events.

Understand concepts of intersection and union in the context of probability.

Apply the concept of conditional probability to determine specific probabilities.

Identify and analyze the components of a sentence's structure.

---

Definitions:

Grapevine

Informal and unofficial communication channels within an organization or group.

Interpersonal Relations

The interactions and relationships that occur between individuals in a social or professional setting.

Feedback

The information given to a person or system about their performance or behavior, intended to guide future improvements or adjustments.

Communication Strategy

A plan of action for conveying information effectively and efficiently to a targeted audience.