Question: In this assignment, each student will be required to conduct a risk assessment to determine the top 5 risks that the student feels they will
In this assignment, each student will be required to conduct a risk assessment to determine the top 5 risks that the student feels they will face as a student attending Fanshawe College. The identified risks will then be categorized under one of the four high-level categories of risk (aka risk quadrants/categories) under the Enterprise-Wide Risk Management Process. At least one risk shall be identified for each of the four high-level categories of risk Individual students will apply risk assessment to their own personal lives and identify their main risks. Select a total of 5 risks and explain how the risk applies to you (50 Marks)
Compliance (or Mandatory) Risk i) Description of risk and how it affects you ii) Explain why it is a Compliance risk Hazard (or Pure) Risk i) Description of risk and how it affects you ii) Explain why it is a Hazard risk Control (or uncertainty) Risk i) Description of risk and how it affects you ii) Explain why it is a Control risk Opportunity (or Speculative) Risk i) Description of risk and how it affects you ii) Explain why it is an Opportunity risk
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
