Exam (elaborations)
RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024
- Course
- RSK4801
- Institution
- University Of South Africa (Unisa)
RSK4801 Assignment 4 (COMPLETE ANSWERS) 2024 - DUE 4 October 2024
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RSK4801ASSIGNMENT 4 (SEMESTER 0)..
DUE DATE: 4 October 2024..
PREVIEW:
QUESTION 1: Identifying External Risks and Control Measures
Table 1: External Risks
# Risk/Cause Consequence Control Measure
1 Power interruptions Frequent system downtime Introduce energy-efficient systems, use
due to loadshedding and operational delays, backup power sources (e.g., solar,
leading to financial losses generators), and implement UPS
systems.
2 Natural disasters Disruption of operations, Establish a disaster recovery plan,
(floods, drought, damage to assets, increased climate-proof key assets, and invest in
global warming) repair costs weather monitoring systems.
3 Slow sustainability Decline in investor confidence, Enhance project transparency, promote
and investment missed revenue targets environmental, social, and governance
projects (ESG) initiatives, and seek green
financing.
4 Cyber risks and Potential data breaches, loss Implement regular cybersecurity
cybercrimes of customer trust, and audits, conduct staff training, use data
regulatory penalties encryption, and create incident
response plans.
5 Infrastructure decay Supply chain delays, Create partnerships to improve
decreased operational infrastructure, lobby for government
Disclaimer: efficiency, and increased action, and build redundancy into
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6 Fraud and
responsible corruption
for how Erosion
the materials of brand reputation,
are used. Strengthen internal audits, enforce
loss of investors, and reduced strict ethical guidelines, and enhance
business growth whistleblower protection programs.
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