Critical Evaluation of Strategic Risk Management in a Selected Organization: A Comprehensive Report

Select your present/former organisation or one you know, conduct a critical evaluation of how the selected organisation is currently addressing strategic risk management. Based on your evaluation, you are tasked to develop a comprehensive report to the management and the report should include the following areas:

• A brief introduction of the organisation to provide the context for the discussion. This should include its activities and the industry in which it operates.
• Critical analysis of the (current) approach to the selected organisation’s strategic risk management, in the context of the following three risk areas: security risk, financial risk, and health and safety.  
• Critically assess the importance of independent risk management and integrated risk management approaches in contributing to organisations’ strategic goals. Identify the approach your selected organisation is using and use the knowledge of the evaluation to establish which approach would be most beneficial to the organisation.
• Critically evaluate the organisation’s current approach to corporate social responsibility, ethics, and business continuity.
• Use the findings of your analysis to propose a reliable and appropriate approach to risk management and business continuity for the selected organisation.  

This is an academic report; all the ideas, themes, and concepts should be appropriately justified with relevant academic underpinning.    

Coursework Aim

To demonstrate an understanding of the process and principles of risk management, in particular enterprise risk management. Further, to critically analyse the role of HSE, and resilience with regards to corporate strategy.  

Coursework Learning Outcomes:

1. Critically evaluate the integration of risk management systems in a strategic context.
2. Critically analyse the challenges of risk management.
3. Critically analyse the role of HSE and employees’ wellbeing in risk management systems.
4. Critically appraise the development, implementation and importance of Business Continuity Planning with regard to corporate strategy.  

Presentation Format/Instructions: (word count/report/essay/etc)

All work should be academically underpinned and referenced appropriately.

Academic report – for the purposes of this assessment, the report should include but not restricted to the following and be written in the 3rd person:

• An Executive Summary

A cover page is required with the word count displayed. 10% over or under this limit is acceptable. Failure to keep within 10% of the designated word count will result in a penalty of a reduction of one grade. Any appendices you may attach are not included in the word count. You must include a statement on the front cover of your work that gives the word count. You must comply with staff requests to submit to Turnitin and provide a receipt where asked to do so.

Harvard referencing should be used throughout (The guide is on Moodle).

Criteria for Assessment: Please also see attached grading grid

(To include how marks can be lost, e.g. word counts, timings etc

Marks can be lost for the following:

• Inadequate or descriptive treatment of organisation’s approach to strategic risk management.
• Failure to sufficiently discuss pure and speculative risks appropriate to the organisation.  
• Providing a descriptive, rather than critical, discussion.
• Failure to adequately consider corporate social responsibility, ethics, and business continuity in sufficient detail and critical depth.
• Insufficient academic justification for the argument made.
• Failure to provide appropriate and justified recommendations.