RSK2601 Assignment 1 (ANSWERS) Semester 1 2025 (152605)

RSK2601
ASSIGNMENT 1 SEMESTER 1 2025

UNIQUE NO. 152605
DUE DATE: 28 MARCH 2025

, Question 1: Multiple-Choice Answers

1.1 d (All the options)
1.2 a (Risk implies the presence of uncertainty.)
1.3 a (Risk assessment should be performed on an ongoing basis.)
1.4 c (It controls the internal and external actions of managers, employees, and outside
business stakeholders.)
1.5 b (Assist an organization in integrating risk management into its management
processes.)
1.6 c (i, iii, iv)
1.7 d (All the options)
1.8 b (ii, iii, iv)
1.9 d (All the options)
1.10 c (Financial ratios are used to examine a business's financial position and
performance.)




Question 2: Report on ERM Framework, Policy, and Process

To: Mrs. Vilakazi, CEO of Local Coal Mining Ltd
From: Risk Manager
Subject: Understanding ERM Framework, Policy, and Process

1. ERM Framework
The Enterprise Risk Management (ERM) Framework refers to the structured
approach that integrates risk management into an organization's overall strategy and
decision-making process. It includes governance structures, risk appetite, and risk
culture. It provides a guiding structure for identifying, assessing, and mitigating risks.