Question: Based on the tables given below, answer the questions that follow. Risk Probable Impact (in $ Million) Probable Velocity Non-Financial Impact Risk 1: Data hacking,
Based on the tables given below, answer the questions that follow.
| Risk | Probable Impact (in $ Million) | Probable Velocity | Non-Financial Impact |
|---|---|---|---|
| Risk 1: Data hacking, which could lead to a breach and loss of data | 1.7 to 1.9 million | High | Loss of data security |
| Risk 2: Use of old technology saws, which leads to 15% raw material wastage | 3.1 to 3.4 million | Low | Probable loss of employee branding |
| Risk 3: Pandemic induced market depression, which could lead to reduced sales | 4.5 to 4.7 million | Medium | Loss in motivation for the sales team |
| Risk 4: New regulations on working shifts that could lead to shutting down of night shift working in factories | 2.4 to 2.6 million | High | Lay-offs of night shift workers |
| Risk 5: End customers preferring biodegradable plastic packaging, which might impact the current product line | 0.6 to 0.8 million | Low | No growth in brand value |
| Impact Scale | Probable Impact (in $ Million) |
|---|---|
| 1 | 0-0.9 million |
| 2 | 1.0-1.9 million |
| 3 | 2.0-2.9 million |
| 4 | 3.0-3.9 million |
| 5 | 4.0 million and above |
Question :Suppose Stora Ensos risk tolerance for each of the risks mentioned in the table is $3 million (the amount that it is willing to lose in the event the project does not work out). What risks would you suggest Stora Enso should take?
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