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... ASSESSMENT of Affiliation RISK ASSESSMENT As Roger M. Cooke may argue out, the concept of risk management traces its roots to the ancient Egypt. The Nile River could flood the nearby land for around thirty years in succession, which was then followed by a 2 year dry spell that resulted in the failure of all crops in the field. If only the Egyptians had knowledge of exactly when the Nile will fail to flood, then they would not have needed writing, calculations, surveying or geometry. In other words, early civilization basically was a product of the desire to manage risks (Cooke, 2009).
For ancient Egyptians, in addition to constructing large stores houses to store grain as a precaution to impending ...