The management of risk is a multi-dimensional activity that entails a range of disciplines and thought processes to ensure that resilience is created and maintained within an organization. In any given organization, risks can come from uncertainty in financial markets, project failures, legal liabilities, credit risk, time risk, human risk, accidents, natural causes and disasters as well as deliberate attacks from an adversary. Risk management’s major purpose is to; Identify possible risks. Reduce or allocate risks Provide a rational basis for better decision making in regards to all risks Plan In responding to risks, one can choose to accept, mitigate…