“Ongoing Risk Management” Please respond to the following:

• In many risk programs, risks are managed individually. However, a  robust risk program considers the cumulative effect of all risks. Assess  the following scenario and identify the effect of multiple events on a  risk management strategy:

When the Titanic struck the iceberg,  the weather was bad, the lookouts were not properly equipped, the radio  operator was not monitoring other ship traffic in the area, and the ship  design had a major flaw in the construction of the hull’s “watertight”  compartments.