Reference no: EM133678915

Question

A good understanding of the concept of risk and risk management is a prerequisite to the successful implementation of the risk management process in any given organization. This awareness is necessary in every organization no matter what size it is or what it does. The concept of risk and risk management is relevant in both public and private sector organizations and by groups, associations and enterprises of all kinds. The practice of risk management is essential to all organizations irrespective of their industry, mandate, and size. Therefore, using your Boitekanelo College or an College of your choice, you are required to write a report for distribution to the board of directors or equivalent authority, in which you do the following:

Clearly assess the level of understanding of risk and risk management in Boitekanelo College, and also describe employee perceived significance of risk management towards the success of the organization

Examine your current organization's risk management appetite, exposure, and capacity, and describe their implications upon the organization's strategic performance

Risk management is evidenced in every organization, although the approach used varies from one organization to another and ultimately influences the overall success of the entire risk management function. Thus:

Using relevant illustrations, describe the risk management approach currently in used in boitekanelo collge

Using any relevant examples, examine the strengths and weaknesses of your Boitekanelo college s risk management approach. .... ....

Using relevant examples, identify and describe the dominant risk management attitude in your in Boitekanelo Colleg, and discuss its implications on the delivery to the college mandate.