Strategies to Minimize Risk

Strategies to Minimize Risk

Project instructions:
When responding to the posts of your peers, please address the following:

What reactions do you have to the ideas they presented? Include examples from the course readings or your own experience to support your perspective, and raise questions to continue the dialogue.
How did their post influence your thinking?
How can you use the information presented in your peer?s post?
Discussion Question 1: Strategies to Minimize Risk

Risk can be minimized, but not eliminated. Give an example of a risk management solution being taken too far, and explain how you would judge how far is too far. Give another example of a situation where you must accept a certain level of risk because the risk cannot be controlled for any further.

 

Discussion Question 2: Risk Management and Organizational Structure

Organizations have tried several different approaches for creating an organizational structure that supports collaboration between the risk management and quality management departments. Which structure do you think would be most effective? Should the departments be combined? Should each department have a manager that reports to the same director? Is there a better alternative? Be sure to explain your answer.
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