Non-Financial Probable Impact

Risk
impacts (in Million USD)

Risk 1: Data hacking which could lead to a breach and loss of Loss of data
data security 1.7 to 1.9

Risk 2: Use of old technology saws which leads to 15% raw Probable loss
material wastage employee branding 3.1 to 3.4 Mn

Risk 3: Pandemic induced market depression which could lead Loss in motivation
to reduced sales for the sales team 4.5 to 4.7 Mn
Risk 4: New regulations on working shifts that could lead to Lay-offs of night
shutting down of night shift working in factories shift workers 2.4 to 2.6 Mn
Risk 5: End customers preferring biodegradable plastic No growth in brand
packaging which may impact the current product line value 0.6 to 0.8 Mn
Probable velocity

High

Low

Medium

High

Low
 Probable Impact
Risk Impact Score
(in Million USD)
Risk 1: Data hacking 1.7 to 1.9 2
Risk 2: Use of old
technology 3.1 to 3.4 Mn 4
Risk 3: Declining sales 4.5 to 4.7 Mn 5
Risk 4: New regulations 2.4 to 2.6 Mn 3
Risk 5: Consumer preferring
biodegradable plastic
packaging 0.6 to 0.8 Mn 1

Impact Scale
1 0- 0.9Mn
2 1.0 - 1.9 Mn
3 2.0 - 2.9 Mn
4 3.0 - 3.9 Mn
5 4.0 Mn and above
 LIKELIHOOD RATINGS
Risk 2: Use of old
Members Risk 1: Data hacking Risk 3: Declining sales
technology
1 2 4 5
2 2 3 5
3 3 5 4
4 3 4 5
5 1 3 3
6 2 5 5
7 4 4 4
8 2 3 4
9 3 2 5
10 1 4 4
Average 2.3 3.7 4.4
Likelihood Score 2 4 4
 Risk 5: Consumer
Risk 4: New preferring
regulations biodegradable plastic
4 packaging 4
4 3
3 2
4 3
5 4
4 5
3 2
4 1
5 3
5 3
4.1 3
4 3
 RISKS LIKELIHOOD IMPACT
Risk 1 Data hacking 2 2
Risk 2 Use of old technology 4 4
Risk 3 Declining sales 4 5
Risk 4 New regulations 4 3

Risk 5 Consumer preferring biodegradable

plastic packaging 3 1

IMPACT
3

1
 Risk 3

Risk 2

Risk 4

Risk 1

Risk 5

1 2 3 4 5
LIKELIHOOD
 RISKS LIKELIHOOD IMPACT VELOCITY

Risk 1

Data hacking 2 2 High

Risk 2

Use of old technology 4 4 Low

Risk 3

Declining sales 4 5 Medium

Risk 4

New regulations 4 3 High

Risk 5

Consumer preferring
biodegradable plastic
packaging 3 1 Low
 AGGRAVATIN
RISK SCORE MITIGATING STRATEGIES
G FACTOR

1. Use of old
software
2. Lack of cyber
security 1. Use of latest softwares
knowledge 2. Cyber security traning workshops for the employees
among 3. Information system access should be given to
employees authorized personnel only.
3. Access of 4. Advanced firewall should be used.
information
system to
unauthorized
personnel
4. Ineffective
firewall
4

1. Development
of new
technology 1. Use of latest technology
2. Obsoletion of 2. Scrap obsolete equipments
existing 3. Proper maintenance of existing equipments
technology 4. Allocation of proper budget for technological
3. Depreciation upgrade
of existing
equipments
4. Expensive
16 new technology

1. Shutting
down of stores 1. Adopt online selling practices
2. Lockdown 2. Try to get permissions to move goods
3. Social 3. Train employees to follow social distancing norms
distancing 4. Allow short term credit to clients
4. Economic
20 recession

1. Government
regulations
2. Employee 1. The company should be prepared to move the night
Union demands shift operations to the day shift so that production
3. Improper capacity is not hampered.
working
conditions
4. New
12 corporate rule
 1. Competitor
offerings
2. Climate Gradually shift production towards products preferred
change by end consumers
3. Market
sentiments
4. Environment
3 awareness