Corporate Risk management.

Just make an outline

part A REQUIRED: (for an organisation (or part of an organisation) of your choice) a) List and briefly explain the main pure loss exposures under the following headings: Asset exposures Personnel exposures Liability exposures Consequential loss exposures b) For each Loss exposure on your list, explain how it is currently (1) controlled and/or (ii financed. c) If the state of affairs you have described in part b) of this assignment seems o, explain why it is OK. If it (or part of it) does not seem OK, explain why and what could be improved and how. NOTES: 1) Remember that pure loss exposures have no upside potential. The best that can happen is that nothing will go wrong 2) It is unlikely that you will be able to identify every single source of pure risk facing your chosen organisation and, even if you could, it would be difficult to stay within the word limit. By focussing on the main loss exposures, however, you should be able to keep your assignment to a reasonable length 3) Do not let unfamiliarity with an organisation prevent you from getting on with your assignment What about writing about your local bus service, a swimming pool, a hotel, your doctor, your old school, a library, your family, a shop, a central bank, a warehouse, a sports stadium, a forest, etc.? If necessary, make a few assumptions to help you get on with the assignment. PartB For a major loss or disaster of your choice, a) refer to EACH stage of the risk management cycle to explain what was right and what was wrong and b) provide key elements of a risk management strategy aimed at ensuring more effective management of the risk in future. NOTES 1) Make it clear what is being risk managed and from whose perspective. 2) For inspiration when choosing a disaster you could look towards your own organisation or similar organisations. Alternatively, you could choose a disaster from the news media (TV or newspapers) 3) If you like, you could write about a potential disaster that has not occurred yet. Part a) of your assignment cou the ris management cycle to the risk management strategy currently in operation for the loss exposure and you could offer your opinions on what is right and wrong relate stages part A REQUIRED: (for an organisation (or part of an organisation) of your choice) a) List and briefly explain the main pure loss exposures under the following headings: Asset exposures Personnel exposures Liability exposures Consequential loss exposures b) For each Loss exposure on your list, explain how it is currently (1) controlled and/or (ii financed. c) If the state of affairs you have described in part b) of this assignment seems o, explain why it is OK. If it (or part of it) does not seem OK, explain why and what could be improved and how. NOTES: 1) Remember that pure loss exposures have no upside potential. The best that can happen is that nothing will go wrong 2) It is unlikely that you will be able to identify every single source of pure risk facing your chosen organisation and, even if you could, it would be difficult to stay within the word limit. By focussing on the main loss exposures, however, you should be able to keep your assignment to a reasonable length 3) Do not let unfamiliarity with an organisation prevent you from getting on with your assignment What about writing about your local bus service, a swimming pool, a hotel, your doctor, your old school, a library, your family, a shop, a central bank, a warehouse, a sports stadium, a forest, etc.? If necessary, make a few assumptions to help you get on with the assignment. PartB For a major loss or disaster of your choice, a) refer to EACH stage of the risk management cycle to explain what was right and what was wrong and b) provide key elements of a risk management strategy aimed at ensuring more effective management of the risk in future. NOTES 1) Make it clear what is being risk managed and from whose perspective. 2) For inspiration when choosing a disaster you could look towards your own organisation or similar organisations. Alternatively, you could choose a disaster from the news media (TV or newspapers) 3) If you like, you could write about a potential disaster that has not occurred yet. Part a) of your assignment cou the ris management cycle to the risk management strategy currently in operation for the loss exposure and you could offer your opinions on what is right and wrong relate stages