Research, investigate and select an organisation of your choice. You need to be familiar with the organisation so that you can access company information for this project. Answer all the questions that follow.

Question 1

1.1 Summarise the organisation chosen by providing the following:

Name of the organisation

Nature of business (what do they do)

How do they operate

1.2 Using the Risk Management Framework, summarise how the organisation uses risk management in its operation and provide evidence to support your response?

Question 2

2.1 Perform a SWOT and PESTLE analysis to categorise the organisation in terms of risks management and summarise your analysis?

2.2 With the use of a typical risk appetite matrix, categorise the organisation to discuss the risk appetite matrix of the organisation. The response needs to include a diagram, an explanation of the diagram and a link with the selected organisation.

Question 3

3.1 Using the FIRM scorecard approach, compile a risk register of including at least 5 risks for the chosen organisation which should include risk identifier, risk category, risk description, cause of risk and impact of the risk.

3.2 Perform a qualitative risk analysis, using the matrix in Appendix A, to evaluate the likelihood and impact of each risk identified. State your assumptions.

3.3 Propose the risk response for each risk identified and justify the proposed response.

3.4 Compile a risk matrix showing the risks identified mapped?

Question 4

4.1 Summarise at least 5 inherent risks that the organisation faces?

4.2 Propose and discuss the types of controls that could be put in place for the risks identified including the inherent risks and justify your proposal for each risk?

4.3 Using a risk matrix, show how the proposed controls will assist the organisation to manage the risks?

Question 5

5.1 Propose how the features of Enterprise Risk Management approach can be implemented at the selected organisation?

5.2 Summarise how the Enterprise Risk Management approach can benefit the selected organisation? Appendix A: Risk Matrix