Based on the business idea, concept & venture that you are planning to START, apply the principles and tools of Risk Management in terms of Risk Identification, Risk Assessment and Risk mapping on your business idea, concept & venture.

Required: 

Complete a Report that addresses the requirements below. Report format is flexible but should comply with and fulfill the marking criteria below. Note that this is an individual assessment. Requirements:

I. Complete a brief business profile for your business idea, concept and venture.

II. Identify and describe the potential risks that your business is likely to face. Ensure to classify these risks as either opportunity, uncertainty or hazard-based risks in your description and discussion of the risks.

III. Build risk assessment map(s) and place the risks you have identified in the appropriate quadrant of the risk maps used, and provide explanations and why you have placed a particular risk in a particular quadrant in the risk maps used.

Answer rating: 100% (QA)

I Business Profile XYZ is a business that provides XYZ services to customers II Potential risks The ... View the full answer