RSK4801 ASSIGNMENT 04 SEMESTER 02 ANSWERS DUE 04 OCTOBER 2024
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RSK4801
Instelling
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...
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RSK4801 ASSIGNMENT 02 SEMESTER 02
DUE O4 OCTOBER 2024
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, 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
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