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LLP706 – Corporate Risk Management

University

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Subject

Corporate Risk Management

Module Code

LLP706
LLP706 - ERM Implementation at the Herewedo Plc Manufacturing

1. Do you consider yourself an above-average driver?

2. Have you ever sat through a movie you didn’t like?

3. Do you use mobile data after you’ve hit your plan’s limit?

4. Do you pay the minimum or the full amount on your credit card bills?

1. What is the role of a good CRO? Why is important to be humble and develop tool-making
skills in this function? Explain and justify your answers drawing on the material of this
course.

2. A colleague has called you asking for help to identify tools and techniques that could be used
to solve some risk management problems, he is trying to solve. Please, provide him possible
instruments and methods to solve these problems.
Organisational Problem Risk Tool
A. Insure cars in the UK

B. Open a new branch in China

C. Investigate a suspicion of fraud in the
financial department.
D. Invest in 3D printers to automate and
save costs in the production of goods
E. Respond to the Covid pandemic crisis

F. Examine a recent incident with fire in
the factory.

3. Considering the problems and tools listed above, choose one and explain the benefits and
limitations CROs would face while using it.