100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us.. $2.60   Add to cart

Exam (elaborations)

RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..

 6 views  0 purchase
  • Course
  • Institution
  • Book

RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure your success with us..

Preview 2 out of 7  pages

  • October 2, 2024
  • 7
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
avatar-seller
RSK4801
Assignment 4
(COMPLETE
ANSWERS)
2024 - DUE 4
October 2024

, RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 -
DUE 4 October 2024
 Course
 Operational Risk Management (RSK4801)
 Institution
 University Of South Africa (Unisa)
 Book
 Mastering Operational Risk

RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October
2024 ; 100% TRUSTED Complete, trusted solutions and explanations. Ensure
your success with us..



Since 2020, many incidents and events have caused organisations to adopt a
focused approach towards risk management and the role of risk managers.
Examples of these events are the COVID-19 pandemic and its severe effects
on many countries, economies, and businesses. South Africa was not
excluded from the pandemic and was further hampered by severe power
interruptions and inadequate service delivery. These are all risk-related
incidents/events involving risk managers to assist in the management thereof.
According to an article in Enterprise Risk Magazine (2023), uncertainty also
boosted the profile and role of risk managers. Large-scale risks are happening
more often, which requires sound risk management to cope with the
increasingly unclear business and physical environments. As such, it seems
imperative that the role of risk managers and appropriate risk management
tools is clear. The classic three lines of defence in the risk governance model
endeavour to demarcate the various roles regarding the management of risks.
Although there are many issues surrounding this model, it provides a
foundational guideline for the roles of the main role-players in risk
management. Regarding the tools for operational risk management, it seems
that there are concerns over the predictive powers of key risk indicators
(KRIs), the value of risk and control self-assessments (RCSAs), and the
subjectivity of scenario analysis to manage operational risks (Enterprise Risk
Magazine, 2023). In addition, embedding an operational risk management
framework is becoming essential. However, it appears that there is only a
vague understanding of the exact role of a risk manager. Furthermore,
according to Enterprise Risk Magazine (2023), excessive effort is being

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

Guaranteed quality through customer reviews

Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.

Quick and easy check-out

Quick and easy check-out

You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.

Focus on what matters

Focus on what matters

Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!

Frequently asked questions

What do I get when I buy this document?

You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.

Satisfaction guarantee: how does it work?

Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.

Who am I buying these notes from?

Stuvia is a marketplace, so you are not buying this document from us, but from seller tabbymwesh59. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $2.60. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

75632 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$2.60
  • (0)
  Add to cart