Develop a Risk Register - Organisation Mentioned - Management Assignment Help

Assignment Task :

2. Assessment Brief
2.1. Organisation
BRITISH AIRWAYS
2.2. Assessment Tasks
You have been asked to prepare a professional risk report for a management committee of the organisation mentioned above, within which you must address the following:

2.2.1. Define the organisational objectives which the organisation intends to achieve and may be impacted by risks.

2.2.2. Define the regulatory context in which the firm operates and manages its risks.

2.2.3. Define a probable risk assessment method used by the organisation to assess threats by presenting an appropriate risk scoring matrix and outlining the risk acceptance threshold. Include details such as what each score in the matrix means, for example, what does a score of 5 for Impact mean.

2.2.4. Develop a risk register (recommended templates provided below) to identify risks (both threats and opportunities) that could impact on organisational objectives. The risks you identify can be from any area of the business. However, they must be risks that are valid and relevant to the organisation. The risks you identify should be supported by references to show the breadth of research you have conducted. For each risk:
a) Provide an appropriately detailed risk description
b) List any existing controls/actions that are in place, or can be reasonably expected to be in place
c) Critically assess the residual likelihood and impact of each threat, taking into account the existing controls
d) Provide the resultant residual risk rating based on the risk scoring matrix you defined in 2.2.3.
e) For any threats that fall above the risk acceptance threshold, propose new/additional mitigation actions based on current business and market research, as well as academic theories.
f) For any opportunities, propose new actions to enhance the opportunity, based on current business and market research, as well as academic theories

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