ALARP – NBC Institute

CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy

This question discusses the application of risk management frameworks in an IT start-up, focusing on Enterprise Risk Management (ERM), ISO31000, and the ALARP strategy.

Question

An Information Technology start-up located in Lagos is planning to establish a robust risk management system that covers all its activities. You have been engaged as a consultant to advise it on how an effective risk management framework can be incorporated into the company’s processes to ensure that all risks that could impair the achievement of organisational goals are effectively managed.

Required:
a. Suggest to your client a risk management framework that the management can adopt using the following:
i. Enterprise Risk Management (ERM) (6 Marks)
ii. ISO31000 frameworks (3 Marks)

b. Draft an enterprise risk management strategy for the firm, using ALARP. (5 Marks)

Answer

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Tags: ALARP, Enterprise Risk Management, ISO31000, IT Start-Up, Risk Strategy
Level: Level 2

Topic: Risk Management and Corporate Strategy

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

Question

Risk management has been an issue with the newly constituted board of Health Pharmaceutical Company. As the chairman of the board, you are required to:

Discuss the ALARP framework in risk management with the newly constituted board. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ALARP, Board Responsibilities, Corporate Governance, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2018

CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy

This question discusses the application of risk management frameworks in an IT start-up, focusing on Enterprise Risk Management (ERM), ISO31000, and the ALARP strategy.

Question

b. Draft an enterprise risk management strategy for the firm, using ALARP. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ALARP, Enterprise Risk Management, ISO31000, IT Start-Up, Risk Strategy
Level: Level 2

Topic: Risk Management and Corporate Strategy

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

Question

Risk management has been an issue with the newly constituted board of Health Pharmaceutical Company. As the chairman of the board, you are required to:

Discuss the ALARP framework in risk management with the newly constituted board. (5 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: ALARP, Board Responsibilities, Corporate Governance, Risk Management
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2018

Question Tag: ALARP

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CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy

This question discusses the application of risk management frameworks in an IT start-up, focusing on Enterprise Risk Management (ERM), ISO31000, and the ALARP strategy.

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy

This question discusses the application of risk management frameworks in an IT start-up, focusing on Enterprise Risk Management (ERM), ISO31000, and the ALARP strategy.

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

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CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy

This question discusses the application of risk management frameworks in an IT start-up, focusing on Enterprise Risk Management (ERM), ISO31000, and the ALARP strategy.

You're reporting an error for "CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy"

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

You're reporting an error for "MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy"

CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy

This question discusses the application of risk management frameworks in an IT start-up, focusing on Enterprise Risk Management (ERM), ISO31000, and the ALARP strategy.

You're reporting an error for "CSME – Nov 2023 – L2 – Q7 – Risk Management and Corporate Strategy"

MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy

Discusses the ALARP framework in risk management and its relevance for the Health Pharmaceutical Company.

You're reporting an error for "MGE – May 2018 – L2 – Q3b – Risk Management and Corporate Strategy"

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