Exam (elaborations)

RSK4801 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS

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Module
RSK4801 - Operational Risk Management (RSK4801)

Institution
University Of South Africa

RSK4801 EXAM PACK 2023 LATEST QUESTIONS WITH ANSWERS. You have been appointed as the part-time operational risk manager of a local dirt track car racing club, situated close to the small town, of Malelane, in Mpumalanga. The racecourse is a gravel track and could be very slippery during the rain...

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Uploaded on June 8, 2023
Number of pages 155
Written in 2022/2023
Type Exam (elaborations)
Contains Questions & answers

rsk4801 exam pack 2023

Institution
University of South Africa
Module
RSK4801 - Operational Risk Management (RSK4801)

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RSK4801 EXAM PACK 2023
LATEST QUESTIONS WITH
ANSWERS

, CONFIDENTIAL RSK4801
Page 1 of 22
May/June 2022

UNIVERSITY EXAMINATIONS

May/June 2022

RSK4801

OPERATIONAL RISK MANAGEMENT

100 marks

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, RSK4801
Page 2 of 22
May/June 2022

RSK4801

Date: 25 May 2022

INSTRUCTIONS ON THE DAY OF ASSESSMENT:

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Invigilator App and scan this QR code.

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The QR code is only scannable for a limited time and it should
Exam Access Code: 417d867d
therefore be scanned as soon as possible to start the
invigilation.

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SCENARIO [100]

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, CONFIDENTIAL RSK4801
Page 3 of 22
May/June 2022

Instructions:

Consider the scenario and answer ALL the related questions in the space
provided.

You have been appointed as the part-time operational risk manager of a local dirt
track car racing club, situated close to the small town, of Malelane, in Mpumalanga.
The racecourse is a gravel track and could be very slippery during the rainy season.
As such, the weather could play a major role during races.

On your arrival, the chairperson of the club arranged a meeting with you and gave
you the background to the appointment of an operational risk manager. He
mentioned that the club has 50 active members who are keen to participate in events
throughout the year (mostly on Saturdays). However, the number of saloon-type cars
that can safely race in a single race is five, due to the width and capacity of the track.
On average 30 members want to race on a Saturday. One race takes about two
hours to complete, including preparation of the cars, drivers, and other preparations.
After each race, it is necessary to clean the track, which could take another hour,
although this action is sometimes neglected because of the time constraints to
coordinate at least six events to provide all the drivers an opportunity to race. This

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