Assignment 2 and the presentation:.

Assignment 2 and the presentation: Select a real enterprise. Some suggestions: • University of Canberra • Qantas • A bank • Retail outlet • Insurance company • Sporting club • We are happy to assist with other suggestions if necessary You are required to identify the risks, conduct an analysis of the risks (their impact and significance), identify stakeholders and consider and recommend treatment options. Students should also reflect on their methodology of approach. 1. Describe the enterprise and its goals and objectives. 2. Describe its external and internal environmental context 3. Analyse its risks in terms of: strategic, operational, financial and reporting; capital and investment; compliance. 4. Describe possible risk scenarios in a table (for example, table indicated below) Risk Consequences Likelihood (Low/ Medium/ High) Magnitude (Low/ Medium / High) Recommendation to reduce/ mitigage 5. Select one risk scenario to focus on in detail – here you should indicate one major risk that could occur for the business – eg. Health and safety; staffing; risks to customers; profit risks; insurance risks; brand image risks etc. An example of a risk scenario: Scene: University of Canberra Campus, 1pm Thursday. Restaurant downstairs in the central courtyard. For some reason there is a fire in the kitchen. Flames quickly spread through the restaurant blocking one of the exits. The fire causes an explosion which takes away some of the upper floor which houses the book store and Uni shop. Many people are injured and some are killed by the explosion, the fire and the falling masonry from above. 5. Based on the risk scenario: Conduct a stakeholder identification, analysis and consultation. Identify and analyse to decide who your key stakeholders are. 6. Identify the risks and opportunities (if any) associated with the scenario. 7. Develop a control strategy and action plan to minimise/mitigate the risks to an acceptable level wherever is cost effective (expand on what you provide in the table) 8. Develop a monitoring, review and learning plan based on overall risks (which should also include a plan to deal with the unexpected or change of risks or opportunities, and crisis situations). 9. How should this organisation go about ensuring that it effectively manages risks? Recommendations/ Conclusion • Refer to the ERM Framework Principles (Treadway Commission) pp101. Also see lecture notes • References in Harvard or APA style • Most reports will be under 5000 words Presentation: You will be expected to present your work on 19 October at the Masterclass. You should aim to have a complete first draft done prior to that date, and you can then update it after the Masterclass In your presentation: • Provide an overview of your organisation, and its environments • Provide an overview of possible risks faced by the organisation • Provide an overview of one risk scenario you have identified • Provide recommendations for this • Provide general recommendations for the organisation’s risk management • You are encouraged to get student participation during your presentation. This could be in the form of asking them questions, encouraging them to ask you questions, giving them brainstorming time etc. You can use videos, Powerpoint slides, posters, props etc. Try to make your presentation as engaging as possible An example of a risk scenario: Scene: University of Canberra Campus, 1pm Thursday. Restaurant downstairs in the central courtyard. For some reason there is a fire in the kitchen. Flames quickly spread through the restaurant blocking one of the exits. The fire causes an explosion which takes away some of the upper floor which houses the book store and Uni shop. Many people are injured and some are killed by the explosion, the fire and the falling masonry from above.

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