Risk Management Crossword Puzzle

QUESTIONS LIST:

• audit: a review process to ensure risk management effectiveness.
• risk: the potential for loss, damage, or negative impact.
• control: measures put in place to manage or eliminate risks.
• assumption: accepting a certain level of risk based on analysis.
• assessment: evaluating risks to determine their potential impact and likelihood.
• residual: the level of risk that remains after mitigation efforts.
• contingency: plans made to address unexpected events.
• impact: the consequence or effect of a risk event.
• plan: a strategy detailing risk management steps.
• response: actions taken to address identified risks.
• exposure: the extent to which a company is vulnerable to a risk.
• framework: a structured approach to managing risks within an organization.
• identification: recognizing and listing potential risks.
• probability: the likelihood of a risk event occurring.
• mitigation: reducing the impact of potential risks.
• insurance: transfer of risk to a third party in exchange for premiums.