Consider yourself having a task to assess how ERM could be best applied in two projects; for a higher education institution in Zambia. The key areas of ERM application include; governance, pricing, risk monitoring and business planning. (i) Identify the various risks faced by the organisation and indicate whether the risks have been; static, increasing or decreasing Risk Faced Organisation Whether Risk is present or Absent ( or X)

Future State of Risk (static, increasing or decreasing

Reason/Comment

1. 10.

[20] (ii) Discuss the best ERM framework and how they may address the above risks and ensure that the objectives are met.