Use this discussion board to share 2 – 3 insights you have gained from this course and how you think they may apply to your field of work.

see the attachment and talk about the 4T analysis and the risk register as the insights

400 words APA style.

Answer preview

Risk management involves the process of evaluating and forecasting financial needs accompanied by the identification of operations to mitigate and reduce the impact of the identified risks. It is one of the most applicable classes of information in my work as a hotel supervisor. This is a stepwise process that starts with the risk identification stage. This involves that pinpointing out of the risky activity that business operations are exposed to in their operating environment. This is followed by the risk analysis that requires the determination of the scope of the risk (Brigham & Houston, 2012). The third step is the ranking and evaluation of the risk. In this case, they can be determined as highly or lowly risky activities. This is followed by the treatment phase that involves pulling of resources and the involved…

 

(450  words)