Question
So this is RISK MANAGEMENT AND INSURANCE question and they give me only this information (and its kinda my final so please help ) Consider
So this is RISK MANAGEMENT AND INSURANCE question and they give me only this information (and its kinda my final so please help )
Consider you are employeed as rsk manager n an olive oil producing company.
Olives are purchased , oil produced in mass, than bottled to forward natonally by trucks owned.
Please identify risks involved in this business, impact and probability tables in accordance and prepare risk matris for 3x3 L type matris.
Please also complete the risk table, risk calculaton table and risk distribution table.
And offer solutions/precautions to improve business in terms of risk management. *You can use templetes provided or improve them.
A. Risks identified and their measures
1 | I | P |
2 | ||
3 | ||
4 | ||
5 | ||
6 | ||
7 | ||
8 | ||
9 |
B. Impact Table
Degree | Description | |
Low | ||
Medium | ||
High |
C. Probablty Table
Degree | Description |
Low | |
Medium | |
High |
D.Risk Matris (*do not forget to mpact and probility axs)
3 | |||
3 | |||
E.Risk Table
Risk Value Between | Description |
1-? | Low Risk |
?- 9 | High Risk |
F. Risk Calculation Table
3 | 2 | 1 | |
3 | 9 | ||
2 | |||
1 |
G.Risk Distrbuton Table
3 | 2 | 1 | |
3 | High Ris | ||
2 | |||
1 |
H. Risk Solutons
Degree Of Risk | Solution/Precautions |
Low Risk | |
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