Risk Treatment Options
This is a risk management strategy in which one retreats from the problem.
Example: Not eating peanut butter because one knows they are allergic to peanuts.
Avoidance
To put your thoughts down on paper.
What are the 5 steps to effective risk management?
1. Identify the risk
2. Analyze the risk
3. Prioritize the risk
4. Treat the risk
5. Monitor the risk
The act of avoiding and distancing yourself from the community.
Isolating
How many Infinity Stones are there? Can you name all of them?
Six. Time, space, reality, mind, power, and soul.
This is a risk management strategy in which one implements safeguards or controls to reduce the amount of risk.
Example: Setting alarms so one knows if a burglar comes in.
Loss prevention, reduction, or mitigation
The gas station clerk shorts you a dollar. What is a healthy way to cope with this?
Tell them respectfully.
Avoid, transfer, accept, mitigate, share
Depression
What planet was Luke Skywalker held on with his Aunt and Uncle as a child?
Tattoine
This is a risk management strategy in which one passes a portion of the risk to another party to reduce risk impact.
Example: An insurance policy. One purchases insurances so that they are protecting themselves against financial risks, such as paying for accidents.
Transfer
It has been a rough day and your friend keeps using jokes and not taking anything seriously. Are they coping in a healthy way?
Yes, using humor.
What is risk management?
The process of identifying, assessing, and controlling threats.
You are sweating, nauseas, trembling, numbness in legs or hands, dizzy, having hot or cold flashes. There is a tightness in the chest or pressure. Jelly legs. Feelings of a heart attack.
Panic/anxiety attack
Which US President was the first to live in the White House?
John Adams
This is a risk management strategy in which one does not take any actions to treat the risk. Instead, they take on the risk.
Example: Knowing that the company may go bankrupt, but investing in it anyways.
Describe a time you needed a coping skill but forget to use one.
Multiple answers.
Why is risk management important?
Sudden onset of extreme exhilaration and excessive good mood. Becoming impulsive. Having hallucinations or delusions. Illogical thinking and becoming easily distracted.
Mania
What was the score of Super Bowl LI before the Patriots' comeback?
28-3
This is a risk management strategy in which one distributes the risk to multiple people or organizations.
Example: Becoming co-presidents of a company to distribute risks.
Sharing
What is the purpose of coping skills?
To relieve stress and other negative emotions. To feel healthier and calmer.
What is the process of risk identification?
To reveal what, when, why, and how something could affect an individual.
What is Fez's catchphrase in That 70s Show?
I said good day