Assignment Objective: You are a risk manager of Walmart company that is facing business problems/ risks.
1. Select one or more real risk event/s of Walmart company from the news.
2. In addition, review the annual report or news to identify key/ material risks (business lines, products, and services).
3. Create a dashboard report to the board risk committee leveraging the rubric provided. In the dashboard report, you will identify, assess, respond (action plan) and communicate key/ material risks to the Board risk committee.
4. Use the Likelihood and impact rating scale and adapt to your company's size complexity and business risk profile to derive the inherent risk, control rating and residual risk rating.
Approach: You need to correctly identify root cause analysis. Ideally across 2 principal risk types that are the root cause (Example: 1 Operational, 1 Strategic). Please note that Reputational Risk cannot be considered a root cause, so do not use it, except as a secondary or tertiary knock-on effect.