The case study should describe and critique the risk management process of the organization and include in the analysis aspects relating to all the following elements of the risk management process:
– identification of risks;
– analysis;
– measurement ;
– control.
The analysis should also include a 1–2-page summary risk response plan exhibit,
summarizing major risks , their impact,likelihood, and control strategy.This is not an essay on risk management in general, nor a series of definitions.The case study’s intent is to use risk management concepts to analyze the operation of the case study organization.The analysis must be critical, by relating it to the theory from published source or standards The critical areas to be considered include:
1. Critically evaluate theories and practices in risk management
2. Critically analyze various practices in risk management
3. Evaluate and apply sustainable risk management and practices.