Assignment
At the end of Chapter 20, answer all of the questions listed. Answer each question in a Word document and submit for grading.
Following are the questions:
1. Prior to the Risk Management Information Gathering Exercise discussed earlier in the case, consider the challenges of the newly formed project team in undertaking Risk Management in such a situation.
2. (a) Discuss the challenges and how each of the departments might interact with and support Risk Management across the organization.
(b) What are the major differences between IT and Project Management, considering they were both part of the initial RiskManagement pilot? How might they have overcome this?
3. (a) What do you think were the major positives of the approach undertaken with regard to the risk management information gathering exercise?
(b) What do you think were the challenges and pitfalls of gathering data in the way that they did?
4. What are the key challenges to the risk framework and risk approach proposed in 2011 by the risk management team?
5. Despite Operational Excellence providing the perfect platform to push Risk Management, discuss what the potential pitfalls may be.
6. Using the supporting documentation along with the case study information (Exhibits 20.9, 20.10, 20.11, and 20.12), provide a list of potential corporate risks that might have been identified by the project team.
Text Book: IMPLEMENTING ENTERPRISE RISK MANAGEMENT- Case Studies and Best Practices by John R.S. Fraser, Betty J. Simkins and Kristina Narvaez.
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.