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Identify the scope of the activity or project
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Risks are potential events or circumstances that can negatively impact an organization’s objectives, financial performance, or reputation.
Organizations that assess risks and are mandated by regulatory authorities to report their risk management activities.
Fill out the risk assessment form by identifying potential risks, assessing their impact and likelihood, and providing mitigation strategies.
The purpose is to identify, assess, and manage risks to minimize their impact on the organization.
Organizations must report identified risks, their potential impacts, likelihood assessments, and mitigation plans.
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