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    Stora Enso ERM Project Template 1 1

    Uploaded by

    Praharsh R
    The document outlines 5 risks facing a company: 1) data hacking, 2) use of old technology, 3) declining sales due to pandemic, 4) new regulations, and 5) consumers preferring biodegradable packaging. It provides the probable impact in millions of USD for each risk and assigns each a likelihood and impact score. Risk 3 of declining sales has the highest risk score of 20, followed by risk 2 of old technology at 16. The document also lists potential aggravating and mitigating factors for each risk.

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    Stora Enso ERM Project Template 1 1

    Uploaded by

    Praharsh R
    15 views10 pages
    The document outlines 5 risks facing a company: 1) data hacking, 2) use of old technology, 3) declining sales due to pandemic, 4) new regulations, and 5) consumers preferring biodegradable packaging. It provides the probable impact in millions of USD for each risk and assigns each a likelihood and impact score. Risk 3 of declining sales has the highest risk score of 20, followed by risk 2 of old technology at 16. The document also lists potential aggravating and mitigating factors for each risk.

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    Stora Enso ERM Project Template 1 1 .Xlsx

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    The document outlines 5 risks facing a company: 1) data hacking, 2) use of old technology, 3) declining sales due to pandemic, 4) new regulations, and 5) consumers preferring biodegradable packaging. It provides the probable impact in millions of USD for each risk and assigns each a likelihood and impact score. Risk 3 of declining sales has the highest risk score of 20, followed by risk 2 of old technology at 16. The document also lists potential aggravating and mitigating factors for each risk.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    15 views10 pages

    Stora Enso ERM Project Template 1 1

    Uploaded by

    Praharsh R
    The document outlines 5 risks facing a company: 1) data hacking, 2) use of old technology, 3) declining sales due to pandemic, 4) new regulations, and 5) consumers preferring biodegradable packaging. It provides the probable impact in millions of USD for each risk and assigns each a likelihood and impact score. Risk 3 of declining sales has the highest risk score of 20, followed by risk 2 of old technology at 16. The document also lists potential aggravating and mitigating factors for each risk.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    of 10

    Non-Financial Probable Impact

    Risk
    impacts (in Million USD)

    Risk 1: Data hacking which could lead to a breach and loss of Loss of data
    data security 1.7 to 1.9

    Risk 2: Use of old technology saws which leads to 15% raw Probable loss
    material wastage employee branding 3.1 to 3.4 Mn

    Risk 3: Pandemic induced market depression which could lead Loss in motivation
    to reduced sales for the sales team 4.5 to 4.7 Mn
    Risk 4: New regulations on working shifts that could lead to Lay-offs of night
    shutting down of night shift working in factories shift workers 2.4 to 2.6 Mn
    Risk 5: End customers preferring biodegradable plastic No growth in brand
    packaging which may impact the current product line value 0.6 to 0.8 Mn
    Probable velocity

    High

    Low

    Medium

    High

    Low
    Probable Impact
    Risk Impact Score
    (in Million USD)
    Risk 1: Data hacking 1.7 to 1.9 2
    Risk 2: Use of old
    technology 3.1 to 3.4 Mn 4
    Risk 3: Declining sales 4.5 to 4.7 Mn 5
    Risk 4: New regulations 2.4 to 2.6 Mn 3
    Risk 5: Consumer preferring
    biodegradable plastic
    packaging 0.6 to 0.8 Mn 1

    Impact Scale
    1 0- 0.9Mn
    2 1.0 - 1.9 Mn
    3 2.0 - 2.9 Mn
    4 3.0 - 3.9 Mn
    5 4.0 Mn and above
    LIKELIHOOD RATINGS

    Risk 2: Use of old


    Members Risk 1: Data hacking Risk 3: Declining sales
    technology

    1 2 4 5
    2 2 3 5
    3 3 5 4
    4 3 4 5
    5 1 3 3
    6 2 5 5
    7 4 4 4
    8 2 3 4
    9 3 2 5
    10 1 4 4
    Average # # #
    Likelihood Score 2 4 4
    Risk 5: Consumer
    Risk 4: New preferring
    regulations biodegradable plastic
    packaging

    4 4
    4 3
    3 2
    4 3
    5 4
    4 5
    3 2
    4 1
    5 3
    5 3
    # #
    4 3
    RISKS LIKELIHOOD IMPACT
    Risk 1 Data hacking 2 2
    Risk 2 Use of old technology 4 4
    Risk 3 Declining sales 4 5
    Risk 4 New regulations 4 3

    Risk 5 Consumer preferring biodegradable


    plastic packaging 3 1

    IMPACT
    3

    1
    (4,5) Risk 3

    (4,4) Risk 2

    (4,3) Risk 4

    (2,2) Risk 1

    (3,1) Risk 5
    1 2 3 4 5
    LIKELIHOOD
    RISKS LIKELIHOOD IMPACT VELOCITY

    Risk 1 Data hacking 2 2 High

    Risk 2 Use of old technology 4 4 Low

    Risk 3 Declining sales 4 5 Medium

    Risk 4 New regulations 4 3 High

    Consumer preferring biodegradable plastic


    Risk 5 packaging 3 1 Low
    RISK SCORE AGGRAVATING FACTOR

    4 Vulnerabilities in securities, leaking of confidential information

    Decreased productivity, server and software problems that lead to


    16 equipment downtime can increase the risk of production shortfalls and
    financial costs which in turn brings less revenue.

    Fluctuations in foreign exchange and interest rates, natural disasters or


    20 pandemic, changing market segments, restrictions on trade has
    increased import prices in Asian countries.

    Violation of government rules, environmental regulations, legislations,


    12 policies or ethical standards.

    Consumer wanting sustainable and environmental products sue to


    3 climate changes.
    MITIGATING STRATEGIES

    Create an infrastructure security management. Form a committee


    especially for Cyber Security management and supervision This would
    help the company to identify security threats, risks of hardware and
    software failure.

    New technologies should be adopted, employees should be trained too.


    Regular maintenance of servers should be carried out. The downtime
    should be reduced to minimal.

    Work on supply chain. Focus on tissues and packaging materials to


    increase sales and thus the revenue.

    Create/use analytical frameworks, economic theories and


    methodologies which provides insight into regulatory actions. Focus on
    direct and indirect regulations by the government or other related
    bodies. Focus on regulatory requirements like price regulations, tariffs
    etc.

    The strategic and sustainability team should focus on the interests of the
    consumer and make innovations based on these needs that are eco-
    friendly, bio-degradable and sustainable for future needs. To create a
    value in the forest-product industry, low cost will be a critical factor for
    high performance.

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