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Risk Management
Wayne Boone
WHAT IS RISK?
Anything that we do has risk associated with it. That is because we wish to achieve an
aim that has some value to us and there will always be obstacles to achieve this aim or
objective. We use resources such as people, time, consumables (gasoline, paper, food,
water, electricity, etc.), buildings, equipment, information (including information sys-
tems), and processes or procedures to overcome obstacles (threats and vulnerabilities,
as we will discuss) and reduce the potential for failure. Since we cannot anticipate all
impediments and make preparations to overcome them, there will always be some
uncer ...