P5DMALK9-1
‘How to…Risk Analysis Framework’ by Parr and Associates looks at how to undertake a risk assessment on your business.
Table of Contents
- Tutorial Video
- Reading Materials
- ‘Management of risk’ from The Risk Management Guide website
- ‘Risk management dictionary’ produced by Praxion
- ‘Fundamentals of Risk Management: Understanding, evaluating and implementing effective risk management’ by Paul Hopkin, published by Kogan Press 2014
- ‘Business Continuity, Disaster Recovery and ISO22301’ from the IT Governance website
- ‘Risk Management: Concepts and methods’ produced by the Club de la Securite de l’information Fraçais
- Presentation
- Good Practice Example
- Good Practice Example
- Interactive Quiz
- Evidence Opportunities
- Click on the icon to the left to open an activity sheet containing tasks for you to read and complete. If you have any questions you should contact your assessor / tutor who will be able to offer guidance.
- Click to read the case study 'Turning risk into advantage' by KPMG, as referenced in Task 1.
- Extended Learning
- ‘Guidance of Risk Management, Internal Control and Related Financial and Business Reporting’ produced by the Financial Reporting Council in 2014. This report aims to bring together elements of best practise for risk management.
- ‘The Essentials of Risk Management’ was written by M Crouhy, D Galai and R Mark (published by McGraw-Hill Professional 2nd Edition 2014). Read chapter 1 ‘Risk management: a helicopter view’, chapter 2 ‘Corporate Risk Management: A primer’ and chapter 4 ‘Corporate Governance and Risk Management’. NB You should be able to borrow this book from your local library.
- The Tech Soup Gobal website, has produced a document called ‘The Resilient Organisation: A guide for disaster planning and recovery’.
- Think And Challenge
- Click to read the case study 'Tesco: risk in the round' by the Chartered Institute of Management Accountants.
- The document from which the case study was taken can be read in full by clicking on the icon to the left.
- Once you have read the case studies answer the following questions:
- What is Tesco’s approach to Risk Management?
- How do they approach risk interdependencies?
- How has the change from the bankers RBS to Tesco Personal Finance affected risk management
- How does Tesco’s governance fit in with risk management?
- It is rare that there is just one way to respond to a scenario or situation, so do not consider that the response you have chosen to this scenario will be judged as right or wrong. Share your scenario with a work colleague and ask them to tell you if they think you have responded appropriately. Ask them to challenge your response if necessary. You do not need to submit this task for assessment unless asked to do so by your tutor.
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