Creating enterprise risk management programme

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Reference no: EM132268066

1. Give short answers for the following questions:

I. What are the basic steps involved in creating enterprise risk management programme?

II. How can the need for risk management be raised in an organization?

III. ‘Risks that an organisation faces usually originate from three sources’. What are these?

IV. What is a contingency plan?

V. What different approaches are used to collect inventory data?

VI. Outline the factors that should be considered when rating the possible severity of the impact of the performance failure.

VII. When creating a legal strategy for a business which areas should be given special attention?

VIII. What is the main objective of a contingency plan?

Reference no: EM132268066

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