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Evaluate and Map a Specific Operational Risk
It is important to use some type of tool to evaluate the identified risks. This allows the company to have a real world assessment of a risk. In actual practice this would be done as a group project with a number of participants from both management and labor. This better ensures that any and all possible risks are identified.
Pick a business that you have some familiarity with. Based on your reading, research, and lecture notes develop a 2-3 page paper that identifies two risk categories and the breakdown of probables within those categories.
Requirements
• Use one of the pages to map the risks and provide a table with corresponding numbers to identify the risks in the mapping tool.
• Be sure to explain your risk choices as well as how the businesses could deal with the risk exposure.
• The matrix and table can be developed in Excel and copy/pasted to your Word document.
• Check your work for proper spelling, grammar, and mechanics. Make sure any outside research sources are cited in APA format (on the reference page and in the text).
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