Describe risk mitigation. Identify and describe in detail three planning approaches discussed in the text book as opportunities to mitigate risk

    Exercise 3.1: What is risk management? How does it work? Describe this in your own words, giving an example from your own field of study. Also explain why the identification of risks, by listing assets and their vulnerabilities, is so important to the risk management process. Be thorough in your responses and go beyond the textbook to outside research to support your facts/reasoning. Also, be sure to properly cite your sources. (15 points)

• Exercise 3.2: Describe risk mitigation. Identify and describe in detail three planning approaches discussed in the text book as opportunities to mitigate risk. Be thorough in your responses and go beyond the textbook to outside research to support your descriptions. Also, be sure to properly cite your sources. (15 points)
• Exercise 3.3: Suppose XYZ Software Company has a new application development project, with projected revenues of $1,200,000. Using the XYZ table provided below, calculate the ARO, and ALE for each threat category listed that XYZ Software Company faces for this project. Present this information in a table format. (20 points)