University of Technology Sydney Memo Entity Risk Assessment Essay

Deferred / Referred Summative Coursework Assessment:

Assume that as part of your job application to a particular entity, you have been asked to write an assessment of the entity for the purposes of its risk management. This should be written in memo format (see later).

GRADUATE JOB IMPACT: 

We know that applying for jobs is high on the agenda of many students. The research and work performed here will not only involve you applying risk management theory to a case study but will also help you prepare for a job interviews with organisations, and immediately for the one chosen for the Task.

Module Learning Outcomes Assessed:

• Apply risk management theory to a case study 
• Practice critical reflection in applying risk management theory to a specific entity

Presentation Requirements:

Format:

This should be written in memo format and include:

• A statement explaining the key goal/s of the entity and an assessment of the risk environment in which it operates and four key risks they face due to this. One of these risks should be positive (i.e. an opportunity). The inherent risk of each of them should be mapped on a risk matrix.
• An explanation and assessment of its governance structure, organisational culture and risk management control system. This should explain how risk is managed at a general level. Accordingly, you should critically assess its use of Enterprise Risk Management (or not).
• A statement about the risk appetite of the entity and why this is so. Take the risk matrix at point 1 and identify the area within the entity’s risk appetite. Explain how the entity uses mitigations/controls to move each of the risks that you identified in point 1 from an (unacceptable) inherent level to a tolerable (residual) level. 
• Your recommendation for better management of a key risk that you identified in 1. (Please do not choose Brexit or Covid-19). This should include a cost-benefit analysis of at least your recommended option. You should also draw a bow-tie analysis to show the controls currently used, your recommendation, and the control types.