RSK4801 ASSIGNMENT 04 SEMESTER 02 ANSWERS DUE 04 OCTOBER 2024
Module
RSK4801
Institution
University Of South Africa (Unisa)
RSK4801 ASSIGNMENT 04 SEMESTER 02 ANSWERS DUE 04 OCTOBER 2024
CASE STUDY: RISK MANAGEMENT – THE ROLE OF A RISK MANAGER
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 ar...
RONSAM
TUTORS
RSK4801 ASSIGNMENT 02 SEMESTER 02
DUE O4 OCTOBER 2024
DISCLAIMER!!!: The assignments sold through this website
are intended for research, study, and reference purposes
only. They are not to be submitted as your own work. Only
use this document as reference to generate your own
assignment
FOR EXAMS, PORTFOLIO, AND ASSIGNMENT ASSISTANCE
WHATSAPP 0671189059 EMAIL:
RONSAMTUTORS@GMAIL.COM
, QUESTION 1 (24 MARKS)
You are appointed as an operational risk manager for a large investment
company in South Africa. The company is reliant on foreign investors to
ensure an acceptable profit margin. The CEO requested you to analyse the
country’s six operational risks which could influence the company based on
the details in the case study and in terms of the following:
3.1
Identify external risks that could influence the company and the potential
consequences of the company’s main business and determine risk
control/mitigation measures for each risk. Complete Table 1 below to answer
the question.
Risk/Cause Consequence Control measure
1. Future Disasters Disruption of Implement a comprehensive
(Floods, Global, business business continuity plan (BCP),
Warming, Drought) operations, loss of establish climate-resilient
infrastructure infrastructure, and perform
regular risk scenario analysis.
2. Energy Crisis (e.g., Reduced Invest in renewable energy
Loadshedding) productivity, higher sources for the company and
operational costs, negotiate with key suppliers to
supply chain secure energy backup solutions
interruptions like generators or solar.
3. Slow Pace of Loss of Implement sustainable
Sustainability competitive edge, investment frameworks to align
Projects reduced foreign with global sustainability
investments standards. Ensure regular
compliance audits to meet
sustainability goals.
4. Infrastructure Increased costs for Develop proactive maintenance
Maintenance Issues emergency schedules and a partnership
repairs, with local government for
operational delays infrastructure upkeep. Conduct
impact assessments regularly.
5. Increasing Cyber Data breaches, Establish robust cybersecurity
Risks loss of investor frameworks that include
confidence firewalls, regular audits, and
employee training on phishing
and cyber threats.
6. Fraud and Damaged Implement stringent internal
Corruption reputation, loss of audit controls, create a
The benefits of buying summaries with Stuvia:
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
You can quickly pay through credit card for the summaries. There is no membership needed.
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 RONSAMTUTORS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £2.26. You're not tied to anything after your purchase.
