Risk Assessment in global projects Student’s name Institutional affiliation Risk Assessments in Global Project Stanleigh, Michael. (2015). Risk Management…the What, Why, and How;bia.ca.  HYPERLINK "https://bia.ca/risk-management-the-what-why-and-how/" https://bia.ca/risk-management-the-what-why-and-how/ Michael Stoneleigh defines risk assessment as a process of quality problem solving. In his article, Michael gives steps for risk assessment that include risk identification, risk assessment; risk response and risk prevent measures. According to this article, the identification of risk involves brainstorming. During the brainstorming stage the management should identify potential risks that can occur in the company. After identification, Michael states that the risks should then be prioritized and categorized. According to Michael (2016), risks that have higher probability of occurring and risks that have higher impacts should first be managed. The second step in risk assessment as per this article is risk assessment. The author states that the cause of the risk and its impact on the project should be analyzed. Third, responses to the risk should be formed. This article states that preventive measure should then be laid down to reduce the likelihood of the risk occurring. McLaughlin, John., Ocock, Michael,. & Trebes, Barry. (2015). Global Risk Assessment and Strategic Planning: An introduction and facilitator`s guide to the GRASP methodology Glo...