Risk - Course Notes

Question 1

When asked about risks, what do you do?

Answer 1

• Identify and discuss
• Determining MAIN risks
• Plotting on heat map
• Recommendations

Question 2

When plotting a heat map, what do you use?

Answer 2

TARA

Question 3

When using TARA how do you layout your question?

Answer 3

One heading per mark
Problem - WHY
Impact - WHY
TARA's suggestion
Your suggestion

Question 4

What are the types of questions you could be asked in relation to risk?

Answer 4

1. Evaluating a company’s/board’s/stakeholder’s attitude
2. Identifying and explaining risks not already identified
3. Identifying and explaining risk that are being mismanaged
4. How to manage identified risks
5. How to resolve problems of mismanagement