Discuss the below:
Would anyone care to discuss the risk of our nations highway and bridge infrastructure? The MN I35 bridge failure has caused the entire nation to re-look the stability of our bridges.
Accepting a risk is usually the last response that we would choose. What conditions do you think would cause you to choose acceptance as a response? Explain your reasoning.
Accepting risk is the realization that a risk has the potential to cause more good than harm. Meaning that the risk might be minimal in comparison to the impact of the risk.
Example; if a risk includes new and old computer software working together, is it worth accepting the risk because the realization is you will have to upgrade your software system at some point?
As the risk owner, you have identified an action for a risk and now have also identified secondary risks based on that action. These secondary risks are generating high impact threats. What do you do once you discover this situation?