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Submission Template ERM
Submission Template ERM
Question Plotting of risks in the heat map (in the template excel file)
1.
a) Find the impact rating for each of the risks in the 'Calculate Impact' sheet of
the template provided.
b) Calculate the average likelihood of the risks in the 'Calculate Likelihood' sheet
of the template provided.
Using the values of Likelihood and Impact in the 'Likelihood - impact table'
sheet of the template provided, plot the risks on the heat map, which is also
provided in the 'Likelihood - impact table' sheet.
Question 2. Calculation of risk scores
Question 3. Prioritisation of the risks and justification why the risk is important
P4 Data hacking Data hacking could lead to a breach and loss of data security. I
estimated that data hacking could have a financial impact of aro
1.7-1.9m USD.
P5 Consumer End customers preferring biodegradable plastic packaging m
preferring impact the current product line. This could have an impact of
biodegradable company’s finances by around 0.6-0.8m USD. This could also re
plastic is no growth in the company’s brand value.
packaging
Question 4. 1 aggravating factors for each risk -the forest produce industry creating an impact
on their revenue generation
Consumer preferring
Risk Investing in market research, R&D and
biodegradable
5 review of their current product line.
plastic packaging