Part 1 : Research paperwrite a research paper discussing the concept of risk modeling. Please also evaluate the importance of risk models. Lastly, construct an approach to modeling various risks and evaluate how an organization may make decisions about techniques to model, measure, and aggregate risks.Your paper should meet the following requirements:Be approximately four to six pages in length, not including the required cover page and reference page.Follow APA7 guidelines. Your paper should include an introduction, a body with fully developed content, and a conclusion.Support your answers with the readings from the course and at least two scholarly journal articles to support your positions, claims, and observations, in addition to your textbook. The UC Library is a great place to find resources.Be clearly and well-written, concise, and logical, using excellent grammar and style techniques. You are being graded in part on the quality of your writing.Part 2 : discussion ( 500 words including 2 responses )The readings this week discusses broad context of risk and investigative forensics. Part of risk management is to understand when things go wrong, we need to be able to investigate and report our findings to management. Using this research, or other research you have uncovered discuss in detail how risk and investigate techniques could work to help the organization. ERM helps to protect an organization before an attack, where as forensics investigate technique will help us after an attack – so lets discus both this week.Please make your initial post and two response posts substantive. A substantive post will do at least two of the following:Ask an interesting, thoughtful question pertaining to the topicAnswer a question (in detail) posted by another student or the instructorProvide extensive additional information on the topicExplain, define, or analyze the topic in detailShare an applicable personal experienceProvide an outside source (for example, an article from the UC Library) that applies to the topic, along with additional information about the topic or the source (please cite properly in APA 7)Make an argument concerning the topic.Part 3 – discussion ( 500 words including 2 responses )discuss the appropriate application of Graph-Based Clustering SparsificationTechniques.