Risk Elements Evaluation

1. Why do you believe (or don’t believe) reviewing a risk assessment plan is important.2. What are risk elements; what process/s is/are used to find these risk elements; what role does a cost-benefit analyzes play in evaluating these risk elements?3. Explain your understanding of a risk mitigation plan. As you recall, this was already partially discussed in week 10. However, for this week, go into the specifics of the plan, to include a narrative on the best practices used.4. What role those a business impact analysis play in the overall risk management process? Include a discussion on the steps and critical elements a business impact analysis will provide.5. Discuss your understanding of the benefits that can be derived from a business impact analysis, to include best practices to follow. Please make sure you include sources you have reviewed to answer these questions.

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