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Assignment Submission and Assessment
Assignment Submission and Assessment
Assignment Submission and Assessment
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SMQR5103
ENTERPRISE RISK MANAGEMENT
ASSIGNMENT
SEMESTER SEPTEMBER 2021
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SPECIFIC INSTRUCTION
1. Answer in ENGLISH.
5. This assignment accounts for 60% of the total marks for the course divided by 30% for Part 1
and 30% for Part 2
SMQR5103 ERM /SEPT 2021/CAS
ASSIGNMENT QUESTION
Establishing the context is the first stage of the risk management process. Put simply, this
means establishing context to put the topic into perspective for someone who knows nothing
about it. Thus, the stage of establishing the context provides the general understanding of all
the contributing factors to the business. It is done by identifying the internal and external
parameters that affect the likelihood of success in achieving the pre-set.
External context includes all the external environmental parameters and factors that influence
how to manage risks and increase the likelihood in achieving its objectives. On the contrary,
the internal contexts are the internal environmental parameters, issues and factors faced by
the organization such as its governance, culture, values, capabilities, and expectations from
employees.
The current issue of external context facing by all the organizations is pandemic Covid-19.
The Enforcement Movement Control Order (MCO) affected all businesses worldwide. This
unexpected situation forces all types of businesses to implement new norm culture such as
social distancing, finite number of customers per session, work from home, online
management, etc. Based on this situation, risk management should be conducted, including
risk management policy, risk management organization structure, the key roles and
responsibilities in ensuring effective implementation of the risk management, and related risk
management procedures to sustain the businesses.
PART 1
Purpose:
The purpose of this assignment is to enable the students to enhance their knowledge on the
application of Enterprise Risks Management (ERM) and alert the current situation related with
ERM
Requirement:
Based on the current situation of pandemic Covid-19 and MCO implementation, you are
required to identify THREE (3) types of businesses that hugely affected their operation. Your
discussion must cover sales and revenue, employee management, and working culture.
[TOTAL: 30 marks]
SMQR5103 ERM /SEPT 2021/CAS
PART 2
Purpose:
The purpose of this assignment is to establish the risk categories that are appropriate for your
selected business in Part 1, based on the application of PEST and SWOT analysis.
Requirement:
As your discussion of selected businesses from PART (1), you are expected to evaluate each
selected business using PEST and SWOT as follows:
1. Evaluate and discuss the PEST and SWOT analysis for Business type A.
2. Evaluate and discuss the PEST and SWOT analysis for Business type B.
3. Evaluate and discuss the PEST and SWOT analysis for Business type C.
[TOTAL: 30 marks]