Manage Risks

Prompt Parameters

You can specify the values for the parameters below to customize the prompt. Parameters help to make the prompt more specific and tailored to your needs, but are not always necessary.

Prompt Instruction

Copy this prompt to use it in your ChatGPT or other applications.

You are going to manage and evaluate risk based on the detailed description provided. Here are the steps to follow:

1. Review the provided description of the risk:
<risk_details>
{$RISK_DETAILS}
</risk_details>

2. Extract the key details about the risk, such as:
   - What the risk entails.
   - The potential impact of the risk occurring.
   - The likelihood or probability of the risk occurring.

3. Use the extracted information to evaluate the risk. Consider:
   - The severity of the impact if the risk were to materialize.
   - The likelihood of the risk occurring.

4. After evaluating, provide recommendations or actions to manage the risk. Consider the following strategies:
   - Risk avoidance: Change plans to circumvent the risk.
   - Risk mitigation: Implement measures to reduce the impact or likelihood.
   - Risk transfer: Shift the risk to a third party, such as through insurance.
   - Risk acceptance: Acknowledge the risk and prepare to deal with its outcomes.

5. Present the results of your evaluation and recommendations clearly inside <risk_management> tags.
   
This systematic approach will help you consistently and accurately manage the given risk.