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"Education is the most powerful weapon which you can use to change the world”
– Nelson Mandela

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Week 1 Digest

Week 1 Digest

Q In your own words, define risk management (RM), explicitly name the two major undertakings within RM and provide an example of how these undertakings are nested. For example, Driving Safely—speeding and seatbelts. Your writing assignment should be 1 paragraph in length with proper citations (APA) where needed. Rubric Digest Rubric Digest Rubric Criteria Ratings Pts This criterion is linked to a Learning OutcomeDigest Assignment 25 to >22.75 pts EXCELLENT - Provides a well-thought out written digest, reflective of a complete understanding of the topics and ideas. 22.75 to >20.5 pts GOOD - Provides thoughts and ideas gleaned from chapter reading and supplemental material. 20.5 to >18.25 pts SATISFACTORY - Fragmented thoughts on topics and ideas presented in textbook. 18.25 to >16.0 pts EMERGING - Provides minimal entry in journal entry. 16 to >0 pts UNSATISFACTORY - Does not submit assignment. 25 pts This criterion is linked to a Learning OutcomeContent of Digest Assignment 25 to >22.75 pts Reveals a solid understanding of the topic and ideas assigned. Thoughts are organized and expressed clearly. Uses examples and relates topic or ideas to real-world events. 22.75 to >20.5 pts Reveals adequate understanding of the topic as evidenced by well-organized written digest assignment. Uses examples to augment comprehension of the material. 20.5 to >18.25 pts Reveals a restricted understanding of the topic limited to information found in summary of textbook. 18.25 to >16.0 pts Writes little to express understanding of topic of digest assignment. 16 to >0 pts Does not add value to digest assignment. 25 pts This criterion is linked to a Learning OutcomeCritical Thinking evidenced by submitted Digest 25 to >22.75 pts Offers critical analysis of topic. Organizes and conveys thoughts clearly. Answers all questions posed and provides relevant examples to illustrate understanding of the subject matter. 22.75 to >20.5 pts Offers critical analysis of topic. Organizes and conveys thoughts clearly. Answers most of the questions posed. 20.5 to >18.25 pts Drafts response to weekly digest assignment, but writing lacks thorough analysis of topic or ideas. 18.25 to >16.0 pts Provides no evidence of researching topic to formulate reply. 16 to >0 pts Does not post writing assignment. 25 pts This criterion is linked to a Learning OutcomeWriting Style 25 to >22.75 pts Highly skilled presentation of ideas. Engages reading. Work exceeds expectations for this level of student. Absolutely no errors in spelling, punctuation, or grammar noted. 22.75 to >20.5 pts Explicitly presents ideas. Work appropriate for this level of student. No spelling or grammar errors noted. A few minor punctuation errors identified. 20.5 to >18.25 pts Able to present ideas. Comes close to expectations for work at this level. Some punctuation and spelling errors but no errors in grammar identified. 18.25 to >16.0 pts Limited ability to convey ideas noted. Below expectations of work at this level. Errors noted in spelling, punctuation, and grammar. 16 to >0 pts Does not reply to Digest assignment. 25 pts Total Points: 100

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Risk management is the process of determining the places or areas that vulnerabilities exist within an organization and then taking the appropriate actions to mitigate the impact those vulnerabilities would have should they be exploited or used against the organization. To me risk management is about one major thing. Liability. If things go wrong, where will the company be held financially or even legally liable. Effective Risk management can only be achieved when the process of risk identification and risk control have been fully completed. The two major undertakings of risk management are so inner-connected that risk control cannot exist without risk identification and risk management cannot exist without both risk identification and risk control.