Plan to implement an erm framework

Assignment Help Operation Management

Reference no: EM133298573

You have been recently hired as the Minister of Enterprise Risk, in the office of the Prime Minister, for your island/territory.

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:

Question: An outline of a risk management policy document.

Reference no: EM133298573

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