This document discusses risk analysis and minimization. It explains that risk analysis involves identifying risks, rating their probability and impact, evaluating current controls, and addressing risks through controls, avoidance, acceptance or transfer. Conducting risk analysis can help prevent problems like an employee having to be let go. The process involves identifying risks without considering controls, rating probability and impact, evaluating controls, and taking action to address higher-rated risks. Common risks include human, reputational, political, financial and technical issues.