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Avoidance actions and mitigation actions

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Reference no: EM131067956

1. Three factors that need to be assessed when considering risks are likelihood, impact and urgency. Explain what is meant by each of these terms and show how each might be assessed.

2. Risk actions are of two types: avoidance actions and mitigation actions. Describe the relationship between these types of risk action and where each might be employed.

Reference no: EM131067956

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