You are to analyze an industry with regards to appropriate enterprise risk management practices. Treat this as
Question:
You are to analyze an industry with regards to appropriate enterprise risk management practices. Treat this as a consulting report.
Instructions on your randomly assigned industry is available on Moodle.
Industry assigned: Education and Training
class 8220: Educational Support or 8102 Higher Education
Points to Included:
Industry Characteristics
Industry Risk Analysis
1. Operational Risks
2. Financial Risk -
3. Political Risk
4. Regulatory and Compliance Risk.
5. Reputational Risk -
Risk Evaluation and Management Techniques
Risk Mitigation Measures
Operational Risks
Financial Risk
Political Risk
Reputational Risk
Conclusion
The report will be marked based on the following criteria:
(1) Is the description of the characteristics of the industry adequate?
(2) Have the risks inherent in the industry been adequately identified?
(3) The student is to suggest a risk management process relevant for organizations within the industry.
Is the justification for this process justified?
(4) The student is to suggest risk mitigation measures relevant for organizations within the industry. Are these measures appropriate and effective?
(5) Is the style and presentation of the report appropriate?
Cost Management A Strategic Emphasis
ISBN: 978-0078025532
6th edition
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins