This project will require field research by the student.

Select an organization of your choice in and engage the relevant stakeholder of the organization to discuss some of the business decisions that shaped the organization to date. Select of the business decisions that was taken and analyze it using the following questions as a guidelines.

Question 1

Describe the selected organization in terms of the following:

1.1. Summarize the nature of business? (What do they do)

1.2. Summarize the business model ? (How do they operate?)

1.3. What are the key business drivers? (What factors influence the business?)

Question 2

Describe the selected business decision in terms of the following:

2.1. Nature of decision describing what decision needed to be made and why?

2.2. Summarize how was the decision made?

2.3. Analyze the decision made and describe if a qualitative or quantitative approach was used and justify your response?

2.4. Confirm why was this approach taken by the business and appraise this approach from a Risk Modeling perspective?

Question 3

3.1. using the selected business decision from above, identify at 5 risks the needed to be considered to make the same?

3.2. using the risk register in the previous section, conduct a qualitative risk analysis for these 5 risks by proposing the probability of occurrence and impact for each risk?

3.3. Using the risk matrix included in appendix 1, plot the risks on a heat map and explain what the map means?

Question 4

Qualitative Risk Analysis

4.1. The previous question provides an insight into the risk profile that the organization needs to consider during the decision making process. Propose the reasons why the selected organization would sanction a quantitative risk analysis?

4.2. There are two types of risk registers namely with and without aggregation. Differentiate between these two types of risk registers?

4.3. Using the risk register derived in question 3.1., calculate the Average Impact ( Expected Monetary Value) using aggregation static values?

Students may estimated values and state any assumptions during the estimation.

4.4. Summarize what does this average impact value means for the organization?

Question 5

Quantitative Risk Analysis

5.1. Using the risk register from question 3.1., calculate the 5 possible Expected Monetary Values using the aggregation of the risk driven occurrences methodology?

Student may use estimated values and state any assumptions during the estimation.

5.2. Describe the result of this methodology using an appropriate diagram?

5.3. Summarize what does this average impact value means for the organization?