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Essentials of Risk Management

Overview of risk management principles and strategies.

Violet Stevens
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1Running Head: Essentials ofRisk ManagementEssentials ofRisk ManagementRiskManagementandItsImportance totheOrganizationStudent’s nameUniversity affiliationDiscuss the importance of risk management for British Petroleum (BP) and how its failure to managerisks effectively has impacted the company's survivability and profitability. Using real-life examples,explain the types of risks BP faces, how these risks are evaluated, and how the company can takeaction to mitigate them. Additionally, consider the costs and benefits of implementing risk controlsversus not implementing them.Word Count Requirement: 1500-2000 words

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Finance

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