Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185
ademic In
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Educating the world for a better change
,Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore, the documents provided here including past assignments, tests
and notes are intended SOLELY for educational purposes and as a guide to help
students understand academic concepts and improve their writing skills. These
materials should not be submitted as final work, as doing so may constitute academic
dishonesty. Students are encouraged to use them as reference points, develop their
own understanding and produce original work that reflects their knowledge and critical
thinking. Students are also encouraged to regenerate their own (personalized)
solutions paying particular attention to module contents as prescribed by module
facilitators, lecturers and supervisors. If this document is plagiarized by the users and
fails, ELITE ACADEMIC INSTITUTE should not be rendered accountable since the
contents in this document only give learners a kick-start on what is expected of them
from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE ALL THE INFORMATION IN
THIS DOCUMENT IN WRITING THEIR ASSIGNMENT
Educating the world for a better change
, Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185
Table of Contents
QUESTION 1 ............................................................................................................. 5
1.1 Risk management is one of the main responsibilities of the board of
directors. ................................................................................................................... 5
1.2 The primary objective of any performance measurement process is to
establish a benchmark that can be used to evaluate the outcome of business
activities. ................................................................................................................... 5
1.3 The way in which an organisation is structured to undertake risk
management is very important. .............................................................................. 5
1.4 The bottom-up approach to risk management only involves top management
within the organisation. ........................................................................................... 5
1.5 The monitoring of operational risk only focuses on the risk-financing
component of the operational risk-management process. ................................... 6
1.6 Risk reporting is the process whereby an organisation reports on risk
internally through its regulators and shareholders and externally to its
management. ............................................................................................................ 6
1.7 Retention funding is considered a pre-loss funding strategy. ....................... 6
1.8 Scenario analysis can be initiated as a top-down or bottom-up approach. The
bottom-up approach identifies risks at a more tactical level, consisting of more
specific risk exposures to the business. ............................................................... 7
1.9 Checklists are an example of a continuous monitoring method. .................. 7
1.10 Risk capacity is the attitude towards growth, risk and return...................... 7
QUESTION 2 Operational Risk Management Process .......................................... 7
REFERENCES ......................................................................................................... 15
Educating the world for a better change
ademic In
Ac sti
te
tu
Eli
te
W
er
de
a
h
eG M
raduates Ar e
Educating the world for a better change
,Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185
WARNING: PLEASE NOTE THAT PLAGIARISM IS A SERIOUS ACADEMIC
OFFENSE, therefore, the documents provided here including past assignments, tests
and notes are intended SOLELY for educational purposes and as a guide to help
students understand academic concepts and improve their writing skills. These
materials should not be submitted as final work, as doing so may constitute academic
dishonesty. Students are encouraged to use them as reference points, develop their
own understanding and produce original work that reflects their knowledge and critical
thinking. Students are also encouraged to regenerate their own (personalized)
solutions paying particular attention to module contents as prescribed by module
facilitators, lecturers and supervisors. If this document is plagiarized by the users and
fails, ELITE ACADEMIC INSTITUTE should not be rendered accountable since the
contents in this document only give learners a kick-start on what is expected of them
from their areas of specialty.
CAUTION: STUDENTS ARE NOT MANDATED TO USE ALL THE INFORMATION IN
THIS DOCUMENT IN WRITING THEIR ASSIGNMENT
Educating the world for a better change
, Elite Academic Institute 068 053 8213 /0717 513 144/ 061 262 1185
Table of Contents
QUESTION 1 ............................................................................................................. 5
1.1 Risk management is one of the main responsibilities of the board of
directors. ................................................................................................................... 5
1.2 The primary objective of any performance measurement process is to
establish a benchmark that can be used to evaluate the outcome of business
activities. ................................................................................................................... 5
1.3 The way in which an organisation is structured to undertake risk
management is very important. .............................................................................. 5
1.4 The bottom-up approach to risk management only involves top management
within the organisation. ........................................................................................... 5
1.5 The monitoring of operational risk only focuses on the risk-financing
component of the operational risk-management process. ................................... 6
1.6 Risk reporting is the process whereby an organisation reports on risk
internally through its regulators and shareholders and externally to its
management. ............................................................................................................ 6
1.7 Retention funding is considered a pre-loss funding strategy. ....................... 6
1.8 Scenario analysis can be initiated as a top-down or bottom-up approach. The
bottom-up approach identifies risks at a more tactical level, consisting of more
specific risk exposures to the business. ............................................................... 7
1.9 Checklists are an example of a continuous monitoring method. .................. 7
1.10 Risk capacity is the attitude towards growth, risk and return...................... 7
QUESTION 2 Operational Risk Management Process .......................................... 7
REFERENCES ......................................................................................................... 15
Educating the world for a better change
