SEP2606 Assignment 2
(COMPLETE ANSWERS)
Semester 2 2025 - DUE
2 October 2025
NO PLAGIARISM
[Pick the date]
[Type the company name]
,Exam (elaborations)
SEP2606 Assignment 2 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 2 October
2025
Course
Security Risk Control Measures (SEP2606)
Institution
University Of South Africa (Unisa)
Book
Security Risk Management Body of Knowledge
SEP2606 Assignment 2 (COMPLETE ANSWERS) Semester 2 2025 - DUE 2
October 2025; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Compulsory assessment: Assessment 02 SEP Due date: Thursday, 02
October 2025, 23:00 SECTION A - WRITTEN ASSIGNMENT As a student at a
tertiary institution, we expect you to do independent research (collecting
information on your subject) and then produce your own answers of a high
standard. This means that you must do extra reading besides just reading
your study guide. For this assignment you must consult various sources of
information and paraphrase (using your own words), analyse, interpret and
reference all the information that you collected during the research. Please
make sure that you read the guidelines in the Tutorial letter 301 on how to
approach Assignment 02 carefully before you start assessment 2. Also be
sure to use the referencing Tutorial letter 301 (SCHJALL/301/4/2025) for
correct referencing methods. bQUESTION 1 Define the term “risk
management” and provide your own examples. (3)
Question 1
Define the term “risk management” and provide your own examples. (3)
Risk management refers to the systematic process of identifying, assessing, and controlling
potential events or uncertainties that could negatively affect an organisation’s objectives,
operations, or resources. It involves anticipating possible risks, evaluating their likelihood and
impact, and implementing strategies to reduce or manage them effectively (ISO, 2018).
Examples:
, In a university setting, risk management may involve implementing cybersecurity
measures to protect students’ personal data from hacking or breaches.
In business, a company that depends heavily on imported raw materials may use hedging
contracts to manage the risk of fluctuating exchange rates.
In everyday life, an individual purchasing car insurance is practising risk management to
minimise financial loss in the event of an accident.
QUESTION 1: Risk Management Definition and Examples
Definition of Risk Management (3 marks total)
Risk management is a systematic process that involves identifying, assessing, and controlling
potential threats (risks) that could negatively impact an organization's or individual's objectives,
assets, or earnings. It is a proactive, cyclical function aimed at minimizing the probability and/or
impact of negative events while maximizing the realization of opportunities. Essentially, it is
about making informed decisions under uncertainty to enhance stability and achieve strategic
goals.
Own Examples of Risk Management
1. Academic Risk Management: A student managing their course load identifies the risk
of failing a module (e.g., due to insufficient time or complexity of the subject). They
mitigate this risk by setting up a detailed study timetable, prioritizing weekly tasks (high-
risk modules first), and seeking assistance from tutors immediately upon encountering
difficulty.
2. Personal Financial Risk Management: An individual identifies the risk of losing their
primary income source (e.g., job loss). They control this risk by diversifying their
investments (not putting all savings in one place) and establishing an emergency savings
fund equivalent to six months of living expenses, thus creating a financial buffer against
unexpected events.
QUESTION 2 Name and explain four decisions management can make to
manage risk cost-effectively. (4)
QUESTION 2: Four Cost-Effective Risk Management Decisions
Management typically utilizes four primary strategies to address identified risks cost-effectively.
These decisions focus on balancing the cost of the action against the potential impact of the risk.
(COMPLETE ANSWERS)
Semester 2 2025 - DUE
2 October 2025
NO PLAGIARISM
[Pick the date]
[Type the company name]
,Exam (elaborations)
SEP2606 Assignment 2 (COMPLETE
ANSWERS) Semester 2 2025 - DUE 2 October
2025
Course
Security Risk Control Measures (SEP2606)
Institution
University Of South Africa (Unisa)
Book
Security Risk Management Body of Knowledge
SEP2606 Assignment 2 (COMPLETE ANSWERS) Semester 2 2025 - DUE 2
October 2025; 100% TRUSTED Complete, trusted solutions and explanations.
Ensure your success with us.
Compulsory assessment: Assessment 02 SEP Due date: Thursday, 02
October 2025, 23:00 SECTION A - WRITTEN ASSIGNMENT As a student at a
tertiary institution, we expect you to do independent research (collecting
information on your subject) and then produce your own answers of a high
standard. This means that you must do extra reading besides just reading
your study guide. For this assignment you must consult various sources of
information and paraphrase (using your own words), analyse, interpret and
reference all the information that you collected during the research. Please
make sure that you read the guidelines in the Tutorial letter 301 on how to
approach Assignment 02 carefully before you start assessment 2. Also be
sure to use the referencing Tutorial letter 301 (SCHJALL/301/4/2025) for
correct referencing methods. bQUESTION 1 Define the term “risk
management” and provide your own examples. (3)
Question 1
Define the term “risk management” and provide your own examples. (3)
Risk management refers to the systematic process of identifying, assessing, and controlling
potential events or uncertainties that could negatively affect an organisation’s objectives,
operations, or resources. It involves anticipating possible risks, evaluating their likelihood and
impact, and implementing strategies to reduce or manage them effectively (ISO, 2018).
Examples:
, In a university setting, risk management may involve implementing cybersecurity
measures to protect students’ personal data from hacking or breaches.
In business, a company that depends heavily on imported raw materials may use hedging
contracts to manage the risk of fluctuating exchange rates.
In everyday life, an individual purchasing car insurance is practising risk management to
minimise financial loss in the event of an accident.
QUESTION 1: Risk Management Definition and Examples
Definition of Risk Management (3 marks total)
Risk management is a systematic process that involves identifying, assessing, and controlling
potential threats (risks) that could negatively impact an organization's or individual's objectives,
assets, or earnings. It is a proactive, cyclical function aimed at minimizing the probability and/or
impact of negative events while maximizing the realization of opportunities. Essentially, it is
about making informed decisions under uncertainty to enhance stability and achieve strategic
goals.
Own Examples of Risk Management
1. Academic Risk Management: A student managing their course load identifies the risk
of failing a module (e.g., due to insufficient time or complexity of the subject). They
mitigate this risk by setting up a detailed study timetable, prioritizing weekly tasks (high-
risk modules first), and seeking assistance from tutors immediately upon encountering
difficulty.
2. Personal Financial Risk Management: An individual identifies the risk of losing their
primary income source (e.g., job loss). They control this risk by diversifying their
investments (not putting all savings in one place) and establishing an emergency savings
fund equivalent to six months of living expenses, thus creating a financial buffer against
unexpected events.
QUESTION 2 Name and explain four decisions management can make to
manage risk cost-effectively. (4)
QUESTION 2: Four Cost-Effective Risk Management Decisions
Management typically utilizes four primary strategies to address identified risks cost-effectively.
These decisions focus on balancing the cost of the action against the potential impact of the risk.
