---
title: Risk Evaluation
description: Risk EvaluationRisk EvaluationRisk EvaluationRisk EvaluationRisk EvaluationRisk EvaluationRisk EvaluationRisk EvaluationRisk Evaluation
image: https://pages.fhyzics.net/hubfs/Introduction%20to%20Supply%20Chain%20Management.jpg
---

#### Supply Chain Risk, Safety and Security

# Risk Evaluation

M30-10

 

 

 

 

 

 

 

LO-M30-T10-001: Define risk evaluation (L1)  
LO-M30-T10-002: Differentiate between risk analysis and risk evaluation (L4)  
LO-M30-T10-003: List the four options in risk evaluation (L1)  
LO-M30-T10-004: Illustrate the four risk evaluation options with examples (L3)  
LO-M30-T10-005: Categorize your organisation’s supply chain risks under the four evaluation options (L5)  
LO-M30-T10-006: Define Expected Monetary Value (EMV) (L1)  
LO-M30-T10-007: Estimate the EMV of not buying your car’s third-party liability insurance (L6)

The learning outcome questions are structured based on Bloom’s Taxonomy. The learning outcome questions fall under six levels of cognitive learning such as

Knowledge (L1) – Remember previously learned information.  
Comprehension (L2) – Demonstrate an understanding of the facts.  
Application (L3) – Apply knowledge to actual situations.  
Analysis (L4) – Break down objects or ideas into simpler parts and find evidence to support generalizations.   
Synthesis (L5) – Compile component ideas into a new whole or propose alternative solutions.   
Evaluation (L6) – Make and defend judgements based on internal evidence or external criteria.

[Fhyzics Bloom’s Taxonomy Guidelines](https://pages.fhyzics.net/hubfs/Fhyzics%20Blooms%20Taxonomy%20Guidelines.pdf?hsLang=en)

This material is the intellectual property of Fhyzics Business Consultants Private Limited. No part of this material shall be copied, reproduced, stored in, or introduced into a retrieval system, or transmitted in any form or by any means (electronic, mechanical, photocopying, recording or otherwise).

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