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Project Scenario:

After graduating from Fanshawe College, your group members have obtained employment with an established Risk Management Consulting firm with expertise in modelling Enterprise Risk Management Frameworks and Processes for a wide assortment of organizations

The enterprise$-$wide risk assessment requires business units to review supply chain and$/$or operations risks. This approach to identifying, analyzing and assessing risks ensures they are managed, controlled, and monitored. This process considers a broad spectrum of risks, including compliance, hazard, control and opportunity. The causes and the consequences of each risk are considered and, where appropriate, linked to strategic and tactical objectives

Management controls to monitor and mitigate risks are documented. Risk owners are assigned to each risk. The risk response is based on assessing potential risk $($loss$)$ exposure and the acceptable tolerance level. The response reflects whether the organization accepts the risk based on its assessed level of exposure and mitigating controls currently in place, where possible, or reduces the risk through additional mitigation to align it with the required tolerance levels.

As with any business, the chosen organization faces risks and uncertainties daily. It is the effective management of these that places them in a better position to be able to achieve their strategic objectives and to embrace opportunive's as they arise.

Group task: Your task as a Consultant is to advise the organization on an overall risk appetite, tolerance, and strategy.

Your primary task is to use the Enterprise Risk Management Framework and Process and apply it to the organization you are working with.

Part A $-$ Organizational Risk Proposal.

c$.$ Organizations present Supply Chain & Operations challenges and current statu$/$actions taken by the management of known risks $(10$ marks$).$ Company name is challenger motor freight.