This assignment involves the four housing associations discussed inChapter 8– Housing Association Case Study of ERM in a Changing Marketplace (Pages XXXXXXXXXXSelect TWO of the associations for your...

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This assignment involves the four housing associations discussed inChapter 8– Housing Association Case Study of ERM in a Changing Marketplace (Pages XXXXXXXXXXSelect TWO of the associations for your assignment.

The association data in chapter 8 was created in 2013, from real cases. Investigate the two associations selected by searching online for updated information.You can find these same associations using an internet search engine (Google, Microsoft Edge, Bing, etc…) and search each for additional information.

For each of the two housing associations selected please answer the following questions.

  1. What are the biggest risks facing each association. In addition to information in the book, consider events that have taken place in the world since the book was written.
  2. Review the list of products in the “Background” section (page XXXXXXXXXXRate their potential risks and returns for each association. The rating should consider how they stack up against the association’s charitable aims, viability constraints, and association’s operating environment. Are there any that should be eliminated?
  3. In the light of the association’s financial position and its charitable aims, how high should be the risk appetite of the association? Is one of the generic strategies listed in the “Sector Issues” section (pages XXXXXXXXXXappropriate for the association, and if not, then what is the association’s strategy?

Answered 1 days AfterApr 02, 2022

Solution

Preeta answered on Apr 04 2022
15 Votes
Contents
1. Biggest risks facing each association:    2
1.1 London & Quadrant:    2
1.2 RCT Homes:    2
2. Products:    3
3. Risk appetite:    4
Reference:    5
For the purpose of this report, two housing associations London & Quadrant and RCT Homes.
1. Biggest risks facing each association:
1.1 London & Quadrant:
· Welfare reforms are about to happen and the association need to understand the change in regulations well so that the process of transition becomes smooth. Even though the association has devoted a lot of time and resources to understanding this reform yet it needs to analyse the existing risk.
· Cost inflation for lands is unavoidable. The organization needs to consider this risk and take proper measures.
· Capital grant funding beyond 2015 has been withdrawn and this will pose risk to the association as most of the funding where they made from that grant.
· The association needs to comply with all the health and safety regulations and not following the rules might give rise to accidents. There is always a risk from that.
1.2 RCT Homes:
· As already mentioned above there is ongoing welfare reform and that might impose risk on this association as well. It needs to take proper risk mitigation strategies.
· According to the existing regulations, the rent envelope is lower than the cu
ent average rate. The association need to anticipate the risk.
· Sheltered remodelling program is being implemented and associations need to ensure...
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