A major U S healthcare equipment company has recently begun developing an enterprise wide risk management system It has administered a focused questionnaire on a sample of its top risk owners producing information on identification and assessment of its key risk categories shown in the table below The information provided includes measures of probability, impact on annual net operating cash flow, and exiting levels of control (Scale of 1 5 very low, low, medium, high, very high ) for each risk categories Risk Category Probability Impact Control Cyber Security data breaches system failure 51 00 64 98 1 5 Regulatory compliance to healthcare regulation 50 00 51 44 3 Credit customer attrition discount strategy 48 00 49 16 3 5 Financial low credit ratings profitability 45 00 50 00 4 Innovation competitive mkt position R D 40 00 50 00 2 Operational supply chain equipment failure 36 88 52 14 3 5 Geopolitical government stability regulation changes 40 00 30 00 2 Climate carbon tax consumer expectation 41 89 50 58 1 5 Market interest and exchange rate volatility 40 00 38 74 4 Legal product recall lawsuits 40 00 38 76 4 You are hired to use a methodology to achieve the following objectives Prioritize the identified risks using all available input (probability, impact, and control) (8 marks) Develop a risk map (5 marks) Offer risk mitigation strategies only for three of the top five risks identified (i e , not the entire list of risks) (7 marks)

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A major U.S. healthcare equipment company has recently begun developing an enterprise-wide risk management system. It has administered a focused questionnaire on a sample of

A major U.S. healthcare equipment company has recently begun developing an enterprise-wide risk management system. It has administered a focused questionnaire on a sample of its top risk owners producing information on identification and assessment of its key risk categories shown in the table below. The information provided includes measures of probability, impact on annual net operating cash flow, and exiting levels of control (Scale of 1-5: very low, low, medium, high, very high) for each risk categories.

Risk Category	Probability	Impact	Control
Cyber Security: data breaches/system failure	51.00%	-64.98%	1.5
Regulatory: compliance to healthcare regulation	50.00%	-51.44%	3
Credit: customer attrition/discount strategy	48.00%	-49.16%	3.5
Financial: low credit ratings/profitability	45.00%	-50.00%	4
Innovation: competitive mkt position/R&D	40.00%	-50.00%	2
Operational: supply chain/equipment failure	36.88%	-52.14%	3.5
Geopolitical: government stability/regulation changes	40.00%	-30.00%	2
Climate: carbon tax/consumer expectation	41.89%	-50.58%	1.5
Market: interest and exchange rate volatility	40.00%	-38.74%	4
Legal: product recall/lawsuits	40.00%	-38.76%	4

You are hired to use a methodology to achieve the following objectives.

Prioritize the identified risks using all available input (probability, impact, and control) (8 marks)
Develop a risk map (5 marks)
Offer risk mitigation strategies only for three of the top five risks identified (i.e., not the entire list of risks) (7 marks).