1. Discuss the evolution of the risk management and compliance process at Tt EC

a) Review case Exhibit 2 and analyse the components of the process as they relate to effective risk management.

b) Why do employees feel that they own the risk management and compliance process at Tt EC?

c) How has this process been inculcated into the firm's culture?

d) Is there evidence of an ethical tone at the management level of Tt EC? Discuss.

2. Elaborate on risk assessments in the Task Initiation Procedure (TIP) and overnight process. Link this discussion to Don Roger's feelings about Tt EC's risk appetite.

3. Compare and contrast the lessons learned approach that Tt EC users in its knowledge management system with the approach used by most companies today.

4. What has Tt EC done to overcome the difficulties associated with ERM implementation?

5. How has Tt EC overcome the challenges faced by project-oriented firms? Draw parallels and cite any differences with these challenges and the problems associated with strategic risk management.