Using information from your manuals, class discussions, handouts, case studies, current events and your own research, you are to develop and implement an ERM framework using the following scenario and information. You have been recently hired as the Minister of Enterprise Risk, in the office of the Prime Minister, for your island/territory (based on your domicile) The country's revenue stream is derived from the following: Energy/Energy industries 40% of its revenue (projected) 20% from manufacturing/exports 40% of tourism There are 6 ministries that constitute the government they are: Finance Ministry Health and Safety Ministry Tourism Ministry Energy ministry Environment and sustainability ministry Social services ministry The country has seen negative growth for the last 2 years, crime has increased, the population is restless and they have an immigration problem with an influx of citizens from neighboring islands. There is a global pandemic, a war in Europe is now 8 months old and counting, fuel, and food prices are rising and further supply chain disruptions are expected. You have been asked to develop and submit to Cabinet for approval: A plan to implement an ERM framework that will be used by all business sectors.

The framework must include, (along with other issues you deem important) the following: An outline of a risk-informed strategic plan identifying the government's strategic objectives A methodology to conduct risk identification and assessment based on the information provided above and your identified objectives (definition of risk is?) A sample risk assessment of a ministry of your choosing An outline of a risk management policy document. Identify the current risk culture stage of the ministry and recommend approaches for Enhancing the risk culture of the ministrys employees Outline a financial risk management plan, to increase revenues and manage debt. A description of the role of technology, as a denominator in treating all of the above. Identify 2-3 KPIs and KRIs and justify the selected indicators

INSTRUCTIONS There is a 3000-word count restriction