Suggest reasonable values of a formal risk assessment and provide justifications for your choices.
Organizations and individuals’ businesses are often faced with likelihood of loss in one way or another. This prompts the organizations and individuals to deal with uncertainties of any risk occurring to them in future. Risk assessment therefore entails any processes that involves clinical review and identification of the challenges and risk factors that if not looked at can cause harm to the organization and therefore the process determines in clear terms and determines appropriate ways to eliminate such hazard or control the risk in cases where it can not be eliminated. This process is important since it enables managers to determine a loss