Risk Management Framework

Please answer the following questions. Be objective as possible. Provide examples based your research and cite all references that support your position.

1.    Discuss the bottom-up and top-down approach to risk management.
2.    Define and describe risk, threat, vulnerability, and consequence in relation to critical infrastructure.
3.    Describe in detail one way to implement protective programs and resiliency strategies.
4.    Describe, in depth, one of the six steps in the NIPP Risk Management Framework (i.e., Set Goals and Objectives; Identify Assets, Systems, Networks, and Functions; Assess Risks [Consequences, Vulnerabilities, and Threats]; Prioritize; Implement Programs; and Measure Effectiveness).