Risk Management Strategy: Risk Mitigation Strategies

A key aim of CBT in treating complicated grief is to target dysfunctional thoughts and behaviours by focusing on reducing feelings of distress and suffering to enable the bereaved to move towards acceptance of the loss and revision of their future (Boelen, 2008). To accomplish this aim, negative cognitions need to be identified and changed, and avoidance behaviours need to be confronted (Boelen, de Keijser, van den Hout, & van den Bout, 2007). Similarly to CGT, imaginal revisiting is one technique CBT uses to confront the reality of the loss as well as to reduce anxious avoidance (Boelen, 2008). In addition, to address negative cognitions, cognitive restructuring is used in CBT to identify, challenge and alter unhelpful thoughts (Boelen, 2008). Socratic questioning, is a strategy of cognitive restructuring where the utility and validity of negative cognitions are addressed.

The Health and Safety Executive has a similar approach to assessment that includes identifying the hazards, deciding who might be harmed and how, evaluating the risk by identifying what action you are already taking, determining whether or not it is enough, deciding what further action is required, recording the assessment 's significant findings, and reviewing the assessment at suitable intervals (Maynard). It is most efficient to address stress at its origin before the problem advances too much; thus, assessments such as these aim to address the stress levels early (Houdmont and Stravroula 80). After individuals are aware of problems talking more openly and confronting the aspects of mental and emotional health will decrease the progression of work-related stress (Armson 5). A few ways to reduce work place stress include making the most of workday breaks and setting reasonable standards. Even a small amount of personal time for a snack, walk, or a chat can improve mood in the workplace ("Mind/body Health: Job Stress").

The response team acknowledges receipt on an incident ticket to the assignment team before coordinating all the stakeholders. The immediate receipt response may be an automated reply to inform the source that due process has been initiated. It’s imperative that the source is notified at all levels of the incident management so that all the incident scope is identified and the best solution implemented. The CSIRT is mandated to provide reactive services in responding to security incidents, proactive measures to prevent future occurrences of the same incidents as well as coordinating with other departments in improving security of computer systems. (Technopedia,

Emergency prevention through good design, operation, maintenance and inspection are essential to reduce the probability of occurrence and consequential effect of such eventualities. The overall objective of the DMP/Emergency Response Plan (ERP) is to make use of the combined resources at the site and outside services to achieve the following. Localize the emergency on property and people Minimize effects on property and people Effective rescue and medical treatment Evacuation. A disastrous event strikes suddenly, violently and without warning. Identifying the potential hazards ahead of time and advance planning can reduce the dangers of serious injury, loss of life and damage to environment in the event of an incident occurrence.

Some of the strategies to deal with such risk include; avoid, mitigate, accept, and transfer the risk (Usmani, & Liang, 2017). Avoiding the risk means eliminating the impact of the risk on the project. For instance, one can move outdoor activities to a later date to avoid the effects of anticipated rain. Mitigating the risk means to reduce the probability of the risk happening or minimizing its impact. An example of risk mitigation would be to find a replacement for an employee

Risk Risk management is the ongoing process to identify, analyze, assess, and treat loss exposures and monitor control and financial resources to mitigate the adverse effects of loss. Acceptable risk The degree of potential losses that a society considers acceptable given existing social, financial, political, social, technical and environmental conditions. In engineering terms, acceptable risk is likewise used to evaluate and characterize the structural and non-structural measures that are required to reduce possible damage to individuals, property, services and frameworks to a chosen tolerated level, as indicated by codes or "accepted practice" which are based on known probabilities of hazards and other factors. Probabilistic Risk Assessment

However, this will only result in decreased communication and missing feedback (Smite et al. 2008). Also, trust and a common understanding of the work processes are conditions for succeeding with standardization, direct supervision and mutual adjustment. Finally, frequent communication and feedback through mutual adjustment are important in overcoming the different tasks. Thus, coordinating mechanisms shall be chosen thoroughly and in balance (Smite et al.

In addition, due to the affect-laden and sometimes unconscious nature of values (Schwartz, 2012), relatively implicit measures should provide sensible methods to assess them. On the other hand, Krosch et al. (in press) have shown that individuals tend to respond to resource scarcity in strategic, deliberate ways so that our measure should still allow for somewhat controlled

The purpose of this publication is to provide guidance for conducting risk assessments of federal information systems and organizations. In addition to identifying the steps in the risk assessment process, it also provides guidance in identifying risk factors to watch and courses of action that should be taken. Risk assessments provide the senior leaders/executives with the information needed to determine appropriate courses of action in response to identified risks. The target audience includes individuals with oversight responsibilities for risk management, organizational missions/business functions, acquiring information technology products, services, or information systems, information system/security design, development, and implementation,

Its primary benefit over the VaR metric is that it considers the complete distribution of scenarios that can occur within the tail. The disadvantage of using CTE is that the metric can potentially hide specific outliers when averaging the tail experience. However, it is still a preferred to use the CTE as the primary risk metric for the CDEF management. Risk/Return