Page 15 - EBOOK RISK MANAGEMENT
P. 15

c. Failing to manage risk will result in more problems, higher benefits and a

                      higher chance of project success.
                    d. There are more positive benefits in all events



               Give an example to distinguish peril, hazard and loss. Then, determine the risk
               which case are exposed to.

               6)   Story
               7)   Hazard

               8)  Peril
               9)  Loss

               10) Risk


                  STORY:







                       HAZARD                              PERIL                             LOSS







                       TYPE OF
                       HAZARD






























                                                            6
   10   11   12   13   14   15   16   17   18   19   20