In the course of our everyday activities, we take many risks. Some of them are very real to us and some we hardly notice. In the business world, risks can affect the company in many ways, even to the extent of causing it to go out of business. Now that you have read about risk management and the reasons for doing it and not doing it, let's talk about the risks you face in your everyday life and why you would choose to do risk management.
work at a B2B company where risks can cost customers billions in losses. An example would be when we deploy a software update to the system, we must consider the impact on all customers. Part of that is communicating to all that could be affected.
We had a situation (issue as described in the textbook) where not all customers were contacted to
