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    M14 Worksheet Assignment

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    vasanti1087
    The document provides instructions for a risk management worksheet assignment. It includes questions about differentiating between risk profile and risk culture, types of risk such as operational risk and country risk, and the subtasks involved in risk assessment as the first step of risk management. Specifically, it lists establishing risk context, risk identification, risk analysis, risk prioritization, data collection, and risk assessment methodology as important subtasks for risk assessment. Students are to complete the worksheet questions in a word document and submit it as a PDF on Moodle.

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    M14 Worksheet Assignment

    Uploaded by

    vasanti1087
    5 views2 pages
    The document provides instructions for a risk management worksheet assignment. It includes questions about differentiating between risk profile and risk culture, types of risk such as operational risk and country risk, and the subtasks involved in risk assessment as the first step of risk management. Specifically, it lists establishing risk context, risk identification, risk analysis, risk prioritization, data collection, and risk assessment methodology as important subtasks for risk assessment. Students are to complete the worksheet questions in a word document and submit it as a PDF on Moodle.

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    The document provides instructions for a risk management worksheet assignment. It includes questions about differentiating between risk profile and risk culture, types of risk such as operational risk and country risk, and the subtasks involved in risk assessment as the first step of risk management. Specifically, it lists establishing risk context, risk identification, risk analysis, risk prioritization, data collection, and risk assessment methodology as important subtasks for risk assessment. Students are to complete the worksheet questions in a word document and submit it as a PDF on Moodle.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    5 views2 pages

    M14 Worksheet Assignment

    Uploaded by

    vasanti1087
    The document provides instructions for a risk management worksheet assignment. It includes questions about differentiating between risk profile and risk culture, types of risk such as operational risk and country risk, and the subtasks involved in risk assessment as the first step of risk management. Specifically, it lists establishing risk context, risk identification, risk analysis, risk prioritization, data collection, and risk assessment methodology as important subtasks for risk assessment. Students are to complete the worksheet questions in a word document and submit it as a PDF on Moodle.

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    Module 14 Worksheet assignment

    RISK MANAGEMENT
    Instructions
     Compete the following worksheet on the word document.
     Once completed save the word document as a pdf.
     Submit the worksheet on Moodle.

    Worksheet: Complete the worksheet

    Question 1: Introduction to Risk (Lesson 1)

    1.1 Differentiate between Risk Profile and Risk Culture. (4)

    Risk Profile:

     Focuses on quantitative aspects.


     Measures and quantifies risks.
     Provides a numerical view of an entity's risk exposure.

    Risk Culture:

     Focuses on qualitative and behavioral aspects.


     Shapes the collective mindset and behaviors related to risk.
     Difficult to quantify; assessed through surveys and observations.

    Question 2 :Types of Risk (Lesson 2)

    2.1 Explain each concept relating types of risk, and give ONE example of
    each.
    2.1.1 Operational Risk (2)

    Operational risk is the possibility of damage or disruption brought on by inadequate or unsuccessful


    internal procedures, systems, personnel, or outside circumstances. It includes risks connected to regular
    business operations inside an organization.
    An example of an operational risk is when a bank's computer system goes down,
    preventing customers from accessing their online accounts and making
    purchases. Normal banking operations are disrupted by this interruption, which
    could result in financial losses and unhappy customers.

    © Material designed by Curro Digital Learning. No part of it can be used without the express written permission of the author.
    2.1.2 Country Risk (2)

    Country risk, also known as political risk or sovereign risk, is the possibility that a country's economic,
    political, and social developments will have a negative impact on the financial stability or business
    operations of firms that operate in that nation.
    Consider a multinational firm that makes significant investments in a foreign
    nation. The operations and financial performance of the firm may be negatively
    impacted if there is a rapid change in government policy or there is political
    instability in that nation. Country risk can be seen in this situation.

    Question 3: Risk Management (Lesson 3)

    3.1 Evaluate each subtasks in detail that needs to be conducted as part of the Risk
    Assessment, Step 1 of Risk Management. (9)

    Establish Risk Context


    Risk Identification
    Risk Analysis
    Risk Prioritization
    Data Collection
    Risk Assessment Methodology

    © Material designed by Curro Digital Learning. No part of it can be used without the express written permission of the author.

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