3.1 Risk Register

Risk Identifier	Category	Description	Cause	Effect	Probability	Impact	Rating
1	Financial Risk	Tesla Inc may face a decline in sales due to changes in consumer demand or economic downturns.	Changes in consumer preferences, economic recession, competition	Decreased revenue, lower profits, potential financial losses
2	Operational Risk	Disruption in the supply chain may impact Tesla's production and delivery of vehicles.	Supplier failure, natural disasters, logistical issues	Delayed production, missed delivery targets, customer dissatisfaction
3	Technological Risk	Rapid advancements in electric vehicle technology may render Tesla's current models less competitive or outdated.	Emergence of new technologies, failure to innovate, competitors' advancements	Reduced market share, decreased demand for existing models
4	Regulatory Risk	Changes in government regulations or policies related to electric vehicles may impact Tesla's operations and market access.	New regulations, policy shifts, compliance challenges	Increased compliance costs, restricted market opportunities, legal penalties
5	Reputation Risk	Negative publicity or controversies surrounding Tesla's products, business practices, or leadership may damage the company's reputation.	Product recalls, safety concerns, ethical issues	Loss of customer trust, brand damage, reduced sales

4.1 The prvious question provides an insight into the risk profile that the organisation needs to consider during the decision making process. Propose the reason why would Telsa Inc sanction a quantitative risk analysis?

4.2 There are two types of risk registers namely with and without aggregation. Differentiate between these two types of risk register?

4.3 Using the risk register 3.1 above, calculate the average impact (Expected Monetory Value) using aggregation of static values? Student may use estimated values and state any assumptions during the estimation

4.4 Summarize what does this avarage impact value means for the organisation?