Paper Due: November 19, 2015
Part 2) Managing Risk 50 points (5 pages)
Prepare 5 pages report for your Management Risk report. In this report, be sure to
include at a minimum:
Identification of Organization (10 points)
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Describe the relevant background for the organization. For-profit/nonprofit,
physical size, number of employees, basic financial information, location, etc.
External research is required, and written text should be supported by tables and/or
graphs.
Any organization will qualify. Some ideas include: hotel, restaurant, apartment
building, office building, library, museum, publisher, art gallery, fitness center, day
care center, dog walking service, hospital/medical clinic, school, university, dry
cleaner, bank, gas station, movie theater, church/temple/mosque, parking garage,
bowling alley, sports stadium, recreation center, taxi service, retail store, department
store, software developer, television/radio station, movie studio, social work agency,
construction company, manufacturer, tour operator, farmer, airport,
dentist/doctor/therapist’s office, law firm, accounting firm, barber shop, funeral
parlor, golf course, ocean shipping company, satellite company, nightclub, insurance
company or agent/broker, charity, etc.
Objectives (5 points)
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Identify and describe at least 3 pre-loss objectives and 3 post-loss objectives for the
organization and briefly describe the steps in your process to manage risk.
Will you select a traditional approach to risk management, or will you adopt an
enterprise risk management approach? Explain why you chose this approach.
Loss Exposures (15 points)
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Identify and describe at least 3 tools that you will use to identify loss exposures for
the organization.
Identify and describe at least 10 loss exposures for the organization.
Treatment of Loss Exposures (15 points)
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For five (5) of the identified loss exposures, identify how you plan to measure,
analyze and prioritize these risks. Explain whether the law of large numbers might
help your analysis.
For each identified loss exposure, identify and describe at least 3 treatment
strategies (including both risk control and risk financing). If you plan to purchase an
insurance policy, identify which type of insurance covers this type of risk.
Conclusion/Next Steps (5 points)
Describe how you will evaluate the effectiveness of your treatment strategies, and
how often you plan to monitor your risks and revise any ineffective strategies.
Use the citation style required
