Question 1

When establishing an Operational Risk Management Function one needs to follow a structured approach.

As a Risk Management Consultant, advise Eskom on the steps that are required for them to ensure that a structured approach is followed in their process of establishing the operational risk management function and provide appropriate examples for your advice. (NB!! The steps must be presented in the correct order so as to attract the maximum marks available. You should reference at least 3 sources).

(50 Marks )