Brainstorming Risk Identification
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I have been asked to put together a brainstorming session to identify risk for a new project.
Please help me explain the purpose and rationale of the risk identification process and discuss the process to review the procurement that should be done during the brainstorming session
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Solution Summary
This solution explains the purpose of the risk identification process.
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Brainstorming risk management is a concept used by managers within organizations to identify, assess, and manage risk. Developing a framework to gauge and improve risk management systems is an important task and in response to the cross-industry need for such a framework, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a comprehensive Executive Summary on the topic in 2004. You can apply the ...
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