RSK2601
Assignment 1
Semester 2 2025
Due 28 August 2025
, RSK2601
Assignment 1
Semester 2 2025
Due 28 August 2025
Enterprise Risk Management (ERM) Implementation and Analysis
1. Challenges Ubuntu Holdings Might Face in Implementing ERM and How to
Address Them
Ubuntu Holdings, a medium-sized mining services provider based in Limpopo, operates
in a highly regulated, high-risk environment. Implementing Enterprise Risk Management
(ERM) presents several challenges:
a) Regulatory and Compliance Pressures
• Challenge: Constant changes in mining regulations, environmental laws, and
labor requirements complicate ERM integration, raising the risk of non-
compliance, fines, or operational halts.
• Response: Conduct regular regulatory audits, engage legal experts, and align
ERM with ISO 31000 and COSO frameworks. Proactive compliance monitoring
ensures preparedness.
b) Resource Constraints and Skills Gaps
• Challenge: Limited financial resources, weak IT infrastructure, and a shortage of
skilled risk professionals hinder implementation, particularly in remote regions.
• Response: Apply a phased ERM rollout, beginning with priority risks. Invest in
training and partner with consultants to strengthen internal capacity.
Assignment 1
Semester 2 2025
Due 28 August 2025
, RSK2601
Assignment 1
Semester 2 2025
Due 28 August 2025
Enterprise Risk Management (ERM) Implementation and Analysis
1. Challenges Ubuntu Holdings Might Face in Implementing ERM and How to
Address Them
Ubuntu Holdings, a medium-sized mining services provider based in Limpopo, operates
in a highly regulated, high-risk environment. Implementing Enterprise Risk Management
(ERM) presents several challenges:
a) Regulatory and Compliance Pressures
• Challenge: Constant changes in mining regulations, environmental laws, and
labor requirements complicate ERM integration, raising the risk of non-
compliance, fines, or operational halts.
• Response: Conduct regular regulatory audits, engage legal experts, and align
ERM with ISO 31000 and COSO frameworks. Proactive compliance monitoring
ensures preparedness.
b) Resource Constraints and Skills Gaps
• Challenge: Limited financial resources, weak IT infrastructure, and a shortage of
skilled risk professionals hinder implementation, particularly in remote regions.
• Response: Apply a phased ERM rollout, beginning with priority risks. Invest in
training and partner with consultants to strengthen internal capacity.
