Risk Management & Colorado Mountain College

To fully understand Risk Management one must first understand what risk is. When asked what risk is, plenty of possible answers arise. Loss of money or time, injury to person or property and negative feelings are all possible results of enduring risks. Risk evaluation is also an important factor in understanding risks. First one must determine their level of acceptability of the risk. Identifying the risk and the possible frequency of the risk can help provide options of how to handle the task at hand. One must also determine the severity of the risk at hand. Sometimes people look at something the wrong way and assume that it may be or cause a risk when in all reality it is just their perception. Sometimes taking risks can even provide a reward but it may come as a downfall as well.


Nick Peterson