This project requires you to consider as many pure and speculative risks as you can identify, treat those risks with appropriate supporting tools and metrics deploying behaviors and structural...

1 answer below »

This project requires you to consider as many pure and speculative risks as you can identify, treat those risks with appropriate supporting tools and metrics deploying behaviors and structural controls.


Business develops boundaries, job descriptions, rules, procedures, policies and recognition/reward systems to guide members. These structures must be reinforced with culture- expected behaviors, values and social influences to be truly effective. Members will face situations that are not covered by the books and the need to react appropriately. This paper asks you to think of the ways to promote risk management within your organization. You will find a chapter power-point on team work that can offer some ideas, but you might have some of your own as well. If you can't think of a project use the one attached hereto.




Personal and Company Financial Information Shepherd and Weaver All Personal Property Jointly Held with Spouse Consultant- Husbandry and Textiles Spouse and I Raise 2,000 sheep for slaughter, Two workers Individual Information: Company Information: Name: Bo Peep Business Name: Wool'nMutton Address: Shearing and Carding Lane Business Address: Aukland County: Otsego E-Mail Address: www.baaa,com Length at Address: 19 Years Length in Business: 19 Years Social Security: 123456789 Federal ID Number: 16-2345679 Date of Birth: 2/20/1966 Date Company Established: 3/20/1972 Occupation: Chief Development Officer Business Phone: 1234567890 Personal Phone: (Cell) No Bleep Professional Services: Certified Public Accounts: Honest Abes main street Corporate Attorney: We cheatem and How North st Real-Estate Attorney: Titles and tracks South st Attorney at Law: Sue M. Hard Cemetary Lane Assets: Annual Income: Cash on Hand, Checking: $22,000+/- Salary:Joint $108,000 Bank Rental Income 1 $6,950 Rental Income 2 $4,350 Land Rents $9,600 $128,900 Property Owing To Account No. Original Amount Present Balance Market Value Primary Residence: Home & 6.5 Acers C Bank 222 $96,000 $95,375 $130,000 Automotive 1 2015 Pick up Nbank 333 $20,437 $17,596 $20,000 Caterpiller Dozer D5 - - - - $30,000 Secondary Residence: Mobile Home - - - - $12,000 Long Tractor 5500 - - - - $6,000 Snowmobile 2000 XC Polaris - - - - $2,000 Personal Liabilities: Owing To Account No. Original Amount Present Balance Monthly Payment Collateral Residence C Bank 1 $96,000 $95,375 $1,358 Property Automotive N Bank 2 $20,437 $17,596 $559 Property Visa LSFCU 3 $5,000 $2,953 $89 Signature Hardware C bank 4 $5,000 $3,544 $118 Signature Hardware C bank 5 $1,700 $851 $29 Signature Spouse 3 Kids One Child disabled One Child Genius One Child seven feet tall at 15. moves well. Total Payments $2,153 Annual Payments $25,836 Rental 1 Rental 2 Land Rental Rents 36000 28000 15000 Taxes 3000 2400 5000 Insurance 650 550 400 Repairs and Maintenance 4400 6200 0 Vacancy/ Reserves 3000 2500 0 Interest 10000 8000 0 Depreciation 8000 4000 0 Net Income 6950 4350 9600 http://www.baaa,com/# Business Income 2016 2017 2018 Sales $760,000 722,000 836000 COGS 246000 278,000 300000 gross $514,000 444,000 536000 Operating $341,000 368,000 447000 Interest $28,000 31,000 30000 Depreciation $33,000 34,500 35000 Expenses 402,000 433,500 412,000 Net Income 112,000 10,500 124,000 Company Liabilities: Owing To Account No. Original Amount Present Balance Monthly Payment Collateral Estate & Company C Bank 6 $328,000 $302,760 $4,792 Property Equipment Loan N Bnak 7 $124,783 $104,787 $1,339 Property Ferris Wheel LSFCU 8 $6,831 $1,279 $165 Signature Coloring Lease C Bank 9 $4,500 $1,481 $104 Signature Line of Credit N Bnak 10 $3,000 $452 $102 Signature Total Payments $6,502 Annual Debt Servcie $78,019
Answered 1 days AfterJul 08, 2021

Answer To: This project requires you to consider as many pure and speculative risks as you can identify, treat...

Shivi answered on Jul 10 2021
144 Votes
Risk Management
Introduction
Risk management is an ongoing process that applies holistic approach to the most significant risk to the achievement of entity’s business objective. Risk
management process starts at very basic level and evolve over time. Firstly, elements like key risk indicators are first identified. KRI are metrics used by organizations to identify key risk areas in various processes of enterprises. By identifying and actively addressing risks, businesses protect and create value for their stakeholders, including owners, employees, customer, regulators and society overall
Risks cannot be removed by regulations, instead it has be driven underground, Risk taking activities are not bas if company in advance have set risk tolerance level.
    Risk appetite – manner in which an organization and its stakeholders collectively perceive, asset and treat risk.
    Risk Tolerance – it requires organization to consider in quantitative terms exactly as how much of capital is at risk and level of risk.
Tools for Risk Management
Document review
    Gathering information
    Brainstorming
    Delphi Technique
    Root cause analysis
    SWOT analysis
    Checklist
    Checking working papers
Techniques of Risk Management
Risk Reassessment
Risk Audit
Variance & Trends analysis
Technical performance management
Reserve analysis
Meetings
Risk management by individual
There are four key steps in individual risk management>>Select Objective>>Identify risk>>evaluate risk>>select right and appropriate tool and technique to manage risk>>Monitor outcome and risk exposure>>Make adjustments.
Case study – Bo Peep
Identifying Risk & Solutions
Liquidity Risk
Collateralized debt obligations (CDO), where assets are obliged to debt and can become toxic assets. They are almost completely illiquid and are Off Balance sheet items. Here Mr....
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here