discussing why risk management is so important in organizations today, and how it can be applied to a real-world scenario.

Introduction
In this module we learned about risk management.
In your initial post, select and answer one of the following prompts and also select a real-world scenario that is current and in the news, and apply your response to that real-world scenario. Your real-world scenario is required to be different for each module. Do not use the same real-world scenario over and over.
Prompts:
Why is risk management so important in organizations today?
Can it be disregarded or overlooked?
Explain and fully describe the risk management framework/process model and include all of its major components.
What are some options for a risk treatment strategy?
What are some of the dominant risk management methodologies?
***For your reference I’ve attached my previous discussion as not to re-use the same real world scenario.***

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