(solved) Risk Management - PDF

Added on - 29 Apr 2020

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Running head: RISK MANAGEMENTRisk ManagementName of the StudentName of the UniversityAuthor’s Note:
1RISK MANAGEMENTTable of ContentsIntroduction......................................................................................................................................2Discussion........................................................................................................................................2Risks Identification......................................................................................................................2Risk Treatment.............................................................................................................................3Risk Control and Measures..........................................................................................................3Results..........................................................................................................................................4Recommendations........................................................................................................................4Conclusion.......................................................................................................................................4References........................................................................................................................................5
2RISK MANAGEMENTIntroductionRisk management is the procedure for identifying, prioritizing and assessing the risks thatare followed by relevant resources for the minimization, monitoring and management of theprobable risks (McNeil, Frey and Embrechts 2015). This is mainly done for avoiding the harmfulconsequences in any organization.The following report describes about the case study of an Australian coffee company,MacVille. The report covers the review and the monitoring of the risks that are common inMacVille. The report also discusses about the risk treatment, risk controls, the targets, themeasures and the results of those risks (Sadgrove 2016). Relevant recommendations are alsogiven in the report.DiscussionMacVille is a coffee supplier company in Australia. The main business of this companyis to import coffee and supply several restaurants and cafes with high quality coffee (Hull 2012).The entire risk management process for MacVille is given below.Risks IdentificationThe risks that are common in the MacVille Company are as follows:i)Strategic Risksii)Operational Risksiii)Financial Risksiv)Compliance Risks
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