Describe in detail the eight-step risk assessment methodology.

1. Describe in detail the eight-step risk assessment methodology. 

 

Your response should be at least 300 words in length APA format.

 

 

 

2. Discuss in detail the quantitative risk evaluation technique, including both cut-set probabilities of system failure and the economics management theory equation of expected values. 

 

Your response should be at least 300 words in length APA format. 

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