MBA 699 6-2_ Risk Analysis

Companies that are developing a formalized risk management process are encouraged to identify all relevant risks and then chart the risks using a matrix to analyze which of the following factors? Operational impediments, mitigation strategies, sales impact External variables, mitigation strategies, financial impact Resources, threats, modifying factors, and consequences Supply chain threats, marketing threats, operational threats

Describe THREE (3) key roles in risk management of the following functions andindividual (as stated below) in relation to governance risk oversight:(i) Board of Directors; and(ii) Risk Management Committee

Review the conflict of interest scenarios (parts 1 and 2). Identify the issue and indicate the regulation or best practice principle involved. How should the organization/provider respond to the issue? What should the organization/provider do to prevent future issues or mitigate any future harm/damage to the patient or the organization?   The first scenario involves doctors who are financially motivated to prescribe certain medications or treatments, even if they may not be the best option for the patient. These doctors may receive kickbacks or incentives from pharmaceutical companies, leading to a conflict of interest that can compromise the quality of care. the second scenario involves doctors prioritizing their patients' well-being. These doctors strive to provide evidence-based recommendations and treatments that are in the best interest of their patients' health. They prioritize unbiased information and consider the individual needs and circumstances of each patient

All of the following are considerations in risk assessment for framing health policies, except   a. Does the outcome vary with degree of exposure, such as higher levels of exposure being more strongly associated with the outcome?   b. Which groups are the most exposed to the factor(s) under consideration, and in what maginitude and frequency?   c. Will an industry incur loss or see a narrowing of their profit margins if regulations to mitigate adverse health impacts of an associated product are implemented?     d. What is the quality of evidence regarding strength of association between a potentially harmful exposure and an outcome?

Develop a risk identification strategy begins by creating a classification scheme for likely risks. 2.1 Explain the five common classification cluster of risk.  2.2 Describe the methods available for conducting risk factor identification

Choose one association from the following: London and Quadrant RCT Homes Ability Housing Association Greensquare that most closely resembles a similar local area in Tampa Bay to compare and contrast. Provide Support: Identify similarities and differences as they relate to categories of risk.

You are hired as a consultant by an organization to identify an internal control framework for their implementation. Identify and discuss the components/elements of the Committee of Sponsoring Organizations – Enterprise Risk Management - Integrated Framework (COSO-ERM).

Identify the main risk you believe that clothing customers will be worried about.

How to use a risk management framework to perform an analysis of the business's opportunities and dangers COSO ERM 2017

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MCQs:   Managers need to examine internal and external factors for risk management. External factors for risk may include all except,     The economic environment  Competitor’s activity  Work culture and practice  New technological changes    SWOT analysis is commonly suggested method for:  Controlling risk factors of an organization  Implementing a new process  Quality Improvement   Managing challenges and opportunities    During a change scenario manager need to,  Understand and communicate the context of change  Facilitate processes and operations  Be innovative and tolerant of risk taking  All of the above

Imagine you are the Director of Self Driving Car initiative at Uber. There has been a push back about this initiative both internally from the Uber Drivers and externally from general people who think they are unsafe to be on roads. Prepare a strategy that helps Uber grow and keep this initiative while managing all the stakeholders. Make sure you do a thorough analysis of the risks and advantages of this initiative, do an in depth stakeholder analysis and then use the rational decision making framework to come up with solutions and recommendations.

In July of 2021, a deadly spree of violence and looting engulfed the South African provinces of KwaZulu-Natal and Gauteng during which at least 330 people were killed and thousands of businesses were destroyed. In total the looting cost 2.5 billion rands in stolen goods and damaged assets, with a loss of around 650 million rand after insurance proceeds.Considering this occurrence: - 4.1 analyse how risk control and fire and allied perils assist in the mitigation of the above destruction of property?

Please provide a narrative description of the Risk Management process; Describe the steps; Name methods for performing Risk Identification Provide a description of Risk Analysis and how an agencies Risk Appetite will be used in that step; Name the different treatments and the major classification of each; Describe a single method of performing monitoring of the Risk Management Process;

Having identified and evaluated risk, the next step is to decide how to respond to the risk.Describe risk control and clearly distinguish between the three possible responses to business risks?

How can the tourism industry reduce & eliminate probable risks in Covid 19 situation?

Suggest TWO (2) techniques that your family could have employed to mitigate orreduce the costs associated with  risk exposures

How do the PESTEL factors (Political, Economic, Social, Technological, Environmental, and Legal) affect the timing or effectiveness of risk assessments in hospitality? Generally when are risk assessments or hazard assessments conducted during operations?

Describe in bullet points the role that IA function plays in an enterprise risk management program?

Please do not give solution in image format thanku Establish the risk appetite of the oil and gas organization and present the relevant risk appetite matrix? Determine if the selected oil and gas organization will benefit from an Enterprise Risk Management system

Explain to a company why statistical analysis is an important tool to use in risk management.

Discuss the meaning of the following two (2) risk management concept A). Risk tracking B). Risk reporting

Explain Auditing in times of social distancing: the effect of COVID-19 on auditing quality proposed byAustralian Securities and Investment Commission (ASIC) in the following situations:1. What should be the focus areas for auditors under COVID-19 conditions?2. Should audit fees be reduced when reviewing other cost saving initiatives?3. Should an auditor delay their opinion until a limitation or uncertainty is resolved?4. What should be influence of COVID-19 and going concern assessment?

Match each to one of the 5 business environments    Jeffries Roofing: In its proposals, Jeffries Roofing describes the materials to be used and the price. When a customer signs a bid, it becomes an enforceable contract. Jeffries Roofing: In its proposals, Jeffries Roofing describes the materials to be used and the price. When a customer signs a bid, it becomes an enforceable contract. Open choices for matching                                                                        Borders books and music: As customers began downloading digital books and music from the Internet, Borders struggled for years and eventually declared bankruptcy. Borders books and music: As customers began downloading digital books and music from the Internet, Borders struggled for years and eventually declared bankruptcy. Open choices for matching                                                                        Blackberry: When the Blackberry phone system quit working, 70 million customers…

Problem identification is critical to risk management analysis. Why is it vital that managers and teams brainstorm through risk issues? Is there a cost associated with accurate identification and of risk?

6.10. In August 2011, the Hong Kong Stock Exchange (HKEx) suspended trading for seven stocks after its news announcement website HKExnews was hit by a distributed denial-of-service (DoS) attack. This site is the only online platform used by HKEx to make announcement of the listed companies, and for their regulatory filings. There were 1,463 listed companies, and 5,712 other types of securities, including warrants and bonds. The affected stock included HSBC, Cathay Pacific, and the Hong Kong exchange itself. These stocks have a combined market value of HK$1.5 trillion. The companies tried to make price-sensitive announcements during the lunchtime trading break but due to the attack, the announcements failed to reach the investors. The trading system was not affected but investors rely on timely financial information posted on the HKExnews website to make investment decision. After investigations, the law en- forcement department arrested a businessman for the attack. He was sentenced to…