Individual Assignment and Reflection

Due 5pm Friday 5 July 2024 (Week 6)

The Context
You are an employee in the Risk Management Department (RMD) of ABC Limited. The Head
of RMD is aware that you are completing a course in risk management. They have asked you to
prepare a case study report that would provide learnings for ABC Limited staff based on major
real-life failures in risk management. You can choose one of the following cases:

Company Risk Event

Evergrande Group Company failure (liquidation)
Star Entertainment Group Suitability to hold a casino license
Optus 2023 Optus network outage
Westpac Group Compliance breaches (anti-money laundering and
counter-terrorism laws)
Sanlu Group Melamine-tainted milk scandal
Satyam Group Failures in Corporate Governance

The Project – Part 1

The Head of RMD has agreed the following specific tasks after discussions with you:

1. Research the facts of the case. The facts and material for the analysis should be drawn
mostly from primary sources such as company and regulator reports, wherever possible,
and then secondary sources such as press and other reports or published articles by third
parties and experts commenting on or analysing the incident. Sources should be fully
referenced.
2. Identify three risk management issues illustrated by the case. Analyse why and how
these issues developed in the case study company, thereby causing or allowing the crisis
to occur. Analyse the developments and actions of the case study company prior to the
crisis event and compare them with the material presented in your course dealing with
the framework of risk management practices and related frameworks (strategy, culture,
and corporate governance). Explain the weaknesses and shortcomings in the risk
management practices and processes and related areas of strategy, culture, and corporate
governance.
3. Based on your analysis, provide your lessons for ABC Limited staff on how to achieve
better risk management so as to avoid the types of issues and underlying causes of the
risk management issues. Provide specific suggestions for better risk management
practices and improvements that could be made in related areas of strategy, culture, and
corporate governance practices. Illustrate the suggestions with examples of actions that
you consider would provide better risk management outcomes.
4. The Head of RMD believes that the value of this report will come from the depth of
analysis of the underlying causes of the issues and the specificity of the lessons provided
on how to avoid these types of issues and achieve better risk management outcomes. The
lessons need to be relevant to ABC Limited’s risk management and not relate to the
technical aspects of the operations of the case study company.
5. Submit the report as specified below.

The Report (30 marks)

Your report should contain the following sections:

1. Issues Analysis: This section should include brief facts of the case and your analysis of
three risk management and related issues including why and how the issues occurred.
2. Learnings: Describe the lessons that your company staff can learn from the case, the
improvements in risk management processes, governance, and strategy, including control
procedures and treatment systems that you consider could be used to address the types of
issues you identified. Give the reasons for your suggestions and be specific as to how to
achieve better outcomes.
3. References List: List the sources you have consulted for the completion of the report.

The report should be approximately 1500 words (A4 page size, 12 font, one and a half line
spacing) excluding the cover page, the reference list, and any attachments.

Part 2 – Individual Reflection (5 marks)

Applying Driscoll’s What Model to answer the following questions. (400 words)
 1. What? Describe your experience to date in undertaking the ACCT5919 Business
Risk Management course.
2. So What? What are your key learnings from ACCT5919 Business Risk Management
from the first half of the course?
3. What Now? What will you change as a result of what you have learned?

Grading
The assignment is worth 30 marks, based on three criteria:
 Content quality – relevance and depth of analysis of issues specific to selected case study
company, specificity of issues and learnings, relevance of learnings to issues analysed
and illustration by examples of actions for better risk outcomes;
 Report readability – format and expression to create a clear and easily understandable
business style report;
 Research quality – number and relevance of sources cited as well as referencing in the
report body.
The individual reflection is worth 5 marks and is based on addressing the What, So What and
What Now of Driscoll’s What Model.

Submission
The report should be submitted via Turnitin by the deadline noted above. It can be submitted
in Word or PDF format.