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Report on the Process of Risk Assessment

   

Added on  2020-05-16

12 Pages2368 Words101 Views
Business DevelopmentMechanical EngineeringPolitical Science
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Running head: RISK ASSESSMENT REPORTRisk Assessment ReportName of the Student:Name of the University:Author Note:
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1RISK ASSESSMENT REPORTExecutive SummaryThis report intends to shed light on the process of risk assessment and its related processes.The company selected to study the process of risk assessment is Property Millionaires. Thetool selected to analyze the amount of risk faced by the company is Risk ExposureCalculator. This report will provide a brief overview of the pressure points related to thevarious aspects of growth. The report will also provide a rough overview of the pressurepoints related to culture. Lastly, the report will conclude with an overview of the pressurepoints related to information management.
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2RISK ASSESSMENT REPORTTable of ContentsIntroduction................................................................................................................................3Pressure points due to growth....................................................................................................3Pressure points due to culture....................................................................................................5Pressure points due to information management.......................................................................6Conclusion..................................................................................................................................8References..................................................................................................................................9Appendix 1...............................................................................................................................11
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3RISK ASSESSMENT REPORTIntroductionRisk assessment can be defined as the process by means of which the variouscompanies as well as business organizations determine the level of qualitative as well as thequantitative risk faced by their organization or company (Harvard Business Review 2018).The tool, which is commonly used by the companies or the organizations to measure theamount of risk faced by them is the “Risk Exposure Calculator” (Harvard Business Review2018). This report intends to study the process of risk assessment through the company“Property Millionaires”. This particular company provides services to the customers in thereal estate business. The philosophy or the principle followed by the owner of the company isthat “anybody can become a property millionaire if they have the right mind set, education,and support”. The business of the company is expanding fast and the management of thecompany is having trouble managing the business of the company. It is to be noted that theowner of the company George is thrilled with the growth of the company however there areothers who are not so much thrilled with the prospect. Therefore, there is confusion amongthe employees whether they should focus on productivity or quality.Pressure points due to growthGrowth forms one of the most important aspect of any company or organization(D’alpaos and Canesi 2014). It is to be noted that overall growth as well as the developmentof the business is the main motive or driving force for all business organizations orcompanies (Simchi-Levi, Schmidt and Wei 2014). However, there is a certain element of riskalso involved in the process of growth. There are three elements of risk involved in theprocess of growth. These are-Risk due to pressure for growth
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