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. Prioritization of the risks and justification for the order

PRIORITY RISK JUSTIFICATION

LEVEL

P1 Risk 3 Sales is very important

P2 Risk 4 Regulations are important always

P3 Risk 1 Data security is always important

P4 Risk 2 Technology upgradation is important

P5 Risk 5 It is optional. We are change the style

slowly

Question 4. Four aggravating factors for 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

Question 6. Risks that should be accepted with their justification

Risk 1, Risk 2, Risk 3, Risk 4 : To be avoided fastly to improve business.

Risk 5 : Packaging can be adopted to biodegradable plastic slowly.