Risk Management and Mitigation Essay
(Loosemore, et. al, 2012) Other risks related to financial risk that affect organizations are liquidity risk, market risk and credit risks. Liquidity risk is the risk for instance that an asset cannot be sold in the short run without incurring losses. Potential changes in the market conditions present uncertainty of investments done even into the future. Operation-technical risk An organization project could be faced by the operational-technical risk resulting from inability to get employees with the right skills and competence for the job. (Loosemore, et. al, 2012) Again the organization can assess and prioritize mitigation alternatives, select and do a commitment on the particular risk mitigation alternatives, also it could identify risk interactions and common causes of the risk in order to cub it from the onset.
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