COURSE: ENTERPRISE RISK MANAGEMENT

PROJECT: STORA ENSO

Instructions for the submission:

● Please maintain the following: Font - Times New Roman, Font Size - 12, Line Spacing
- 1.5

Question 1. Plotting of risks in the heat map (in the template excel file)
Question 2. Calculation of risk scores
Question 3. Prioritisation of the risks and justification why the risk is important

PRIORITY RISK JUSTIFICATION

LEVEL

P1 Data hacking Since the velocity is highest and

can impact immediately.

P2 New regulations Since the velocity is highest and

can impact immediately.

P3 Declining sales Its impact is highest which is high

so it9s P3 also with Declining sales
so its high priority is highest.

P4 Use of old Its impact is high and velocity is

technology low so it9s P4 also its critical for
industry to adapt to new
technology.
 P5 Consumer Its impact and velocity is low so it9s
preferring P5
biodegradable
plastic packaging

Question 4. 1 aggravating factors for each risk -the forest produce industry creating an impact
on their revenue generation
Question 5. Four mitigation strategies to reduce the risk posed by the aggravating factors