Question 1: Describe in detail, and with illustrations, what a Business Risk Breakdown Structure (BRBS) is and how an organization might benefit from utilizing it.
Question 2: Explain in detail four of the six phases of the core risk management process.
Question 3: When analyzing the business with respect to risk consideration, describe, with illustrations, the significance of bringing together a strategic review using SWOT analysis. This must comprise a discussion of both internal and external elements of the business.
Question 4: Describe, with some examples, some of the many significant aspects to consider relating to Market Risk to make sure a company has a reasonable chance of long-term success.
Question 5: Describe with justification whether you agree or disagree with the given statement.
“The risk identification process is a key foundation stone in the total process of risk management, for risks not identified will not be managed.”
Question 6: Describe how the monitoring and controlling activities related with the Risk Management process can be utilized successfully by organizations.
Question 7: Scenario Analysis can be an important tool for managers whereby an effort to better understand risk is undertaken by attempting to view ‘different possible states of the world’.
a) Describe the process of Scenario Analysis.
b) What are the major criticisms of this tool?
Question 8:
a) Explain six key questions which might be posed in a checklist of an organization’s willingness to take on risk.
b) In brief explain the reasons that Risk Appetite might differ from firm to firm.