Risk Management Assignemnt
Students are provided with strong educational programs and courses that allow them to be servant-leaders in their disciplines and communities, linking research with practice and knowledge with ethical decision-making. This assignment is a written assignment where students will demonstrate how this course research has connected and put into practice within their own careers.
Task
Provide a reflection of at least 500 words (or 2 pages double spaced) of how the knowledge, skills, or theories of this course have been applied or could be applied, in a practical manner to your current work environment. If you are not currently working, share times when you have or could observe these theories and knowledge could be applied to an employment opportunity in your field of study.
Requirements:
1. Provide a 500 word (or 2 pages double spaced) minimum reflection.
2. Use of proper APA formatting and citations. If supporting evidence from outside resources is used those must be properly cited.
3. Share a personal connection that identifies specific knowledge and theories from this course.
4. Demonstrate a connection to your current work environment.
You should NOT provide an overview of the assignments assigned in the course. The assignment asks that you reflect how the knowledge and skills obtained through meeting course objectives were applied or could be applied in the workplace.
Text Book: Fraser, J., Simkins, B., & Narvaez, K. (2014). Implementing enterprise risk management: Case studies and best practices. John Wiley & Sons
Format your assignment according to the following formatting requirements:
1. The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
2. The response also includes a cover page containing the title of the assignment, the student's name, the course title, and the date. The cover page is not included in the required page length.
3. Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.
Course Objectives:
Upon completion of this course, the student will:
• Design and implement an appropriate ERM framework and risk governance structure customized to any type of organization.
• Conduct qualitative risk assessments to identify/prioritize key risks from among all risk sources.
• Quantify all types of risks, including strategic, operational, financial, and insurance.
• Develop a clear definition of risk appetite (the aggregate enterprise-level risk limit).
• Enhance strategic planning, increasing the likelihood of achieving strategic plan goals.
• Provide a rigorous business case for both business and mitigation risk-reward decision-making.
• Assure the board of directors that key risks are well understood and managed.
• Understand and satisfy ERM requirements from rating agencies, regulators, and shareholders.