Assignment: Enterprise Risk Management
Write essay report on the following questions:
• What is Hydro One's strategy and what risks does the company face?
• Consider the three stages of Hydro One's enterprise risk management (ERM) process: Workshops; Risk-based Asset Planning; the Regular Update of the Corporate Risk Profile. What are the strengths and weaknesses of this ERM process?
• Should private-sector companies embrace ERM in a way similar to Hydro One's approach? What are the contingencies of this process?
• What recommendations would you make to CEO Laura Formusa about the ERM process?
• To learn about Hydro One's business, watch the video segments in Chapters 1-2. How would you describe Hydro One's strategy? What type of risks and uncertainties does Hydro One face?
• The video segments in Chapters 3-5 illustrate the three stages of Hydro One's enterprise risk management (ERM) process: Workshops (Ch 3); Risk-based Asset Planning (Ch 4); the Regular Update of the Corporate Risk Profile (Ch5). What are the strengths and weaknesses of the ERM process?
• What recommendations would you make to CEO Laura Formusa about the ERM process?
Format your assignment according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the assignment, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.