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    Risk Management Process Quiz 2021 65648

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    Muhd Nu'man H
    The document outlines the basic steps in a risk management process: identify risks, analyze risks through evaluating probability and impact, prioritize risks, implement solutions, and monitor risks. It provides a risk matrix for analyzing probability and impact of risks. Finally, it instructs the recipient to identify 5 risks from an image, analyze the risks using the matrix, and generate a risk action plan for each risk with 3 proposed actions.

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    Risk Management Process Quiz 2021 65648

    Uploaded by

    Muhd Nu'man H
    83 views8 pages
    The document outlines the basic steps in a risk management process: identify risks, analyze risks through evaluating probability and impact, prioritize risks, implement solutions, and monitor risks. It provides a risk matrix for analyzing probability and impact of risks. Finally, it instructs the recipient to identify 5 risks from an image, analyze the risks using the matrix, and generate a risk action plan for each risk with 3 proposed actions.

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    The document outlines the basic steps in a risk management process: identify risks, analyze risks through evaluating probability and impact, prioritize risks, implement solutions, and monitor risks. It provides a risk matrix for analyzing probability and impact of risks. Finally, it instructs the recipient to identify 5 risks from an image, analyze the risks using the matrix, and generate a risk action plan for each risk with 3 proposed actions.

    Copyright:

    © All Rights Reserved
    Download as PPSX, PDF, TXT or read online from Scribd
    Download as ppsx, pdf, or txt
    83 views8 pages

    Risk Management Process Quiz 2021 65648

    Uploaded by

    Muhd Nu'man H
    The document outlines the basic steps in a risk management process: identify risks, analyze risks through evaluating probability and impact, prioritize risks, implement solutions, and monitor risks. It provides a risk matrix for analyzing probability and impact of risks. Finally, it instructs the recipient to identify 5 risks from an image, analyze the risks using the matrix, and generate a risk action plan for each risk with 3 proposed actions.

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    You are on page 1of 8

    QUIZ 01

    Risk Management Process


    Group Risk & Compliance
    The risk management process is a
    framework for the actions that need to
    be taken. The basic steps taken to
    manage risk are referred to as the risk
    management process. It begins with
    identifying risks, analyse risks, then the
    risk is prioritised, a solution is
    implemented, and finally, the risk is
    monitored.
    Risk Identification
    1. Please list five
    (5) possible risks
    that you could
    identify in the
    illustrated picture.
    Risk Analysis
    2. Based on the
    identified risks,
    please evaluate the
    probability and
    severity of the risks
    happening.
    *Please refer to risk
    matrix.
    Risk Matrix
    ZKSB Group of Companies Risk Matrix

    IMPACT A critical event which


    Impact can be readily A serious event which requires extraordinary
    absorbed through normal requires additional management effort.
    activity management effort Disaster with potential to
    lead to collapse
    LIKELIHOOD
    Low Moderate High

    This risk almost certain


    Medium High High
    Certain to occur at least once in
    4 7 9
    the next 1-2 years

    This risk could occur at


    Low Medium High
    Probable least once in the next 5
    2 5 8
    years

    This risk probably will not


    Low Low Medium
    Unlikely occur, i.e. less than once
    1 3 6
    in 5 years
    Risk Mitigation
    3. Kindly generate
    the Risk Action
    Plan (RAP) for the
    identified risks.
    Please list down your answers:
    Risk Description Probability Severity Risk Action Plan

    1. a.
    b.
    c.

    2. a.
    b.
    c.

    3. a.
    b.
    c.

    4. a.
    b.
    c.

    5. a.
    b.
    c.

    Note: Please submit your answer to GRC via email;


    hafizah.ismail@picorp.com.my and tr.husna@picorp.com.my
    Managing risk is Everyone’s Responsibility

    Thanks
    Hafizah Ismail
    GRC
    Ext 135

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