This module is called Risk Management.

i$.$Name of the STEM business or enterprise; Appropriateness

$(1$ mark$)$

ii$.$ Name of product or services for which the business is expected to be registered.

$(1$ mark$)$

iii. Operational coverage

$(1$ mark$).$

iv$.$ Names, Student ID$,$ Programme and signature of each member

$(2$ marks$)$

v$.$ Names of competing businesses in the same production or service area.

$(1$ marks$)$

$2.$ Introduction $(6$ marks$)$

Briefly describe:

i$.$ the STEM business that you have chosen,

$(1$ mark$)$

ii$.$ the product$($s$)$ or service the enterprise is expected to produce or offer,

$(1$ mark$)$

iii. how different is this business from similar enterprises in the same area?

$(2$ marks$)$

iv$.$ Prepare a summary of the business profile.

$(2$ marks$)$

$3.$ RISK MANAGEMENT PROCESS $(88$ marks$)$

i$.$ Internal Environment:

a$.$ Prepare a brief statement of the vision, mission and values of your selected enterprise

$(6$ marks$)$

ii$.$ Briefly describe the risk culture and risk appetite of the business

$(2$ marks$)$

iii. State the objectives of the business. Use the criteria SMART criteria discussed in class to assess the suitability of your objectives.

$(6$ marks$)$

iv$.$ Briefly describe how the enterprise intends to achieve each of the objective $(4$ marks$)$

v$.$ State the broad categories of the potential negative or positive risks that can possibly impact your enterprise

$(5$ marks$)$

vi$.$ Under each broad category state sub$-$categories of risk for each of the objectives of the enterprise $(5$ Marks$).$

vii. For each sub$-$category briefly indicate the probability of occurrence and possible monetary impact if it occurs

viii. Consecutively number the risks and sub$-$risk and place the probability of the identified risks in percentage terms like $0-10\%,10-20\%20-30\%$ up to $90-100\%$ and the expected monetary impact of each risk $(6$ marks$).$

ix$.$ Prepare a Risk Register for your identified risks and include the intensity column for each risk $(6$ marks$).$

$x.$ Describe in detail the method$($s$)$ used for the identification of the above risks for your enterprise.

$(5$ marks$)$c