QUESTION ONE $[25]$

$1\mathrm{.}1$ Define risk management and explain what risk appetite and performance is in an

organisation $(10)$

$1\mathrm{.}2$ Speculative and event risks are the two broad classifications of risks in a corporate

environment.

Broadly explain these risks into the four categories in which they exist and use

examples from your working environment to enhance your responses. $(15)$

QUESTION TWO $[25]$

$2\mathrm{.}1$ Elaborate on the possible risks that an organisation can face. $(10)$

$2\mathrm{.}2$ According to the Project Management Body of Knowledge $($PMBOK$),$ and the

International Standardisation Organisation $($ISO$),$ there are various principles for risk

management.

In considering this, unpack these principles. $(15)$

QUESTION THREE $[20]$

There are five identifiable steps in the risk management process. Evaluate each of these steps

as part of the organisations effort to mitigate risks and limit losses.