: CASE STUDY $2$

Thierry and sons is a service company that has been in existence for over $6$ years. It has suffered several challenges and made so much loss and this has basically been because there are hardly any risk management practices guiding the company. The board of directors have also heard rumors of corruption and fraud within the finance and procurement department. You have been hired as a procurement and risk management expert to help this company in carrying out risk management.

a$)$ Carry out a SWOT analysis for this company to identify some of its risks. $(11$ marks$)$

b$)$ Discuss at least $7$ methods and tools you would use in identifying and analyzing risks in this company. $(14$ marks$)$