Overview
Building off of the case study from the attachment. As the owner of a hotel and using the FIRM Risk Scorecard, you put together a list of known risks. Then you assumed a fire breaks out and you had plans for loss prevention, damage limitation, and cost containment. If you are still the same hotel owner; when you look at the risks that you have. How will you use the 4T's of transfer, terminate, treat, or tolerate to understand how you would apply one of these to each risk (those risks associated with the FIRM Risk scorecard). Then Determine which one of the four E's of exploit, expand, explore, or exist would you apply to each of those same risks?