RSK4801
ASSIGNMENT 4 2024
UNIQUE NO.
DUE DATE: 2024
, RSK4801
Assignment 4 2024
Unique Number:
Due Date: 2024
Operational Risk Management
Question 1
3.1 External Risks, Consequences, and Mitigation Measures (Table 1)
# Risk/Cause Consequence Control measure
Disruption in business Investment in alternative
Energy Crisis operations, resulting in energy sources (solar,
1
(Loadshedding) revenue loss, decreased generators), strategic energy
investor confidence. management, backup systems.
Enhance cybersecurity
Cyber Risks and Data breaches, financial loss, measures, employ advanced
2
Cybercrimes reputational damage. encryption, continuous
monitoring, employee training.
Implement strict internal
Increased operational costs, controls, conduct regular
Fraud and
3 damage to reputation, and audits, encourage
Corruption
loss of investor trust. whistleblowing, and enforce
anti-fraud policies.
Business disruptions due to
Advocate for public-private
poor infrastructure
partnerships to improve
4 Infrastructure Failure maintenance, such as water
infrastructure, invest in internal
shortages or transportation
infrastructure maintenance.
issues.
, # Risk/Cause Consequence Control measure
Damage to physical assets, Develop disaster recovery
Climate Change disruptions in supply chains, plans, invest in climate-resilient
5
(Floods, Droughts) increased insurance infrastructure, and obtain
premiums. comprehensive insurance.
Engage with government for
Slow Pace of Missed business opportunities, improved investment climate,
6 Sustainability and reduced competitiveness, and adopt sustainable practices to
Investment Projects inability to scale operations. attract ESG-conscious
investors.
3.2 Risk and Control Self-Assessment (RCSA) (Table 3)
Impact Likelihood Priority
Control Residual
Inherent Risk (5-point (5-point Probability to
Rating Risk (1–6)
scale) scale) Manage
Energy Crisis 5 4 81%-100% 2 High 1
Cyber Risks and
4 3 41%-60% 1 Medium 2
Cybercrimes
Fraud and
4 3 41%-60% 2 Medium 3
Corruption
Infrastructure
3 4 61%-80% 3 High 4
Failure
Climate Change
(Floods, 5 3 41%-60% 2 Medium 5
Droughts)
Slow Pace of
3 2 21%-40% 1 Low 6
Sustainability
ASSIGNMENT 4 2024
UNIQUE NO.
DUE DATE: 2024
, RSK4801
Assignment 4 2024
Unique Number:
Due Date: 2024
Operational Risk Management
Question 1
3.1 External Risks, Consequences, and Mitigation Measures (Table 1)
# Risk/Cause Consequence Control measure
Disruption in business Investment in alternative
Energy Crisis operations, resulting in energy sources (solar,
1
(Loadshedding) revenue loss, decreased generators), strategic energy
investor confidence. management, backup systems.
Enhance cybersecurity
Cyber Risks and Data breaches, financial loss, measures, employ advanced
2
Cybercrimes reputational damage. encryption, continuous
monitoring, employee training.
Implement strict internal
Increased operational costs, controls, conduct regular
Fraud and
3 damage to reputation, and audits, encourage
Corruption
loss of investor trust. whistleblowing, and enforce
anti-fraud policies.
Business disruptions due to
Advocate for public-private
poor infrastructure
partnerships to improve
4 Infrastructure Failure maintenance, such as water
infrastructure, invest in internal
shortages or transportation
infrastructure maintenance.
issues.
, # Risk/Cause Consequence Control measure
Damage to physical assets, Develop disaster recovery
Climate Change disruptions in supply chains, plans, invest in climate-resilient
5
(Floods, Droughts) increased insurance infrastructure, and obtain
premiums. comprehensive insurance.
Engage with government for
Slow Pace of Missed business opportunities, improved investment climate,
6 Sustainability and reduced competitiveness, and adopt sustainable practices to
Investment Projects inability to scale operations. attract ESG-conscious
investors.
3.2 Risk and Control Self-Assessment (RCSA) (Table 3)
Impact Likelihood Priority
Control Residual
Inherent Risk (5-point (5-point Probability to
Rating Risk (1–6)
scale) scale) Manage
Energy Crisis 5 4 81%-100% 2 High 1
Cyber Risks and
4 3 41%-60% 1 Medium 2
Cybercrimes
Fraud and
4 3 41%-60% 2 Medium 3
Corruption
Infrastructure
3 4 61%-80% 3 High 4
Failure
Climate Change
(Floods, 5 3 41%-60% 2 Medium 5
Droughts)
Slow Pace of
3 2 21%-40% 1 Low 6
Sustainability
