Control measures – NBC Institute

MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy

Design a risk map for Ego Oil and Gas Limited and advise on control measures for each risk category.

Question

Ego Oil and Gas Limited is a company licensed to operate in Nigeria’s downstream oil and gas sector. The company owns tank farms and filling stations across the six geo-political zones of the country. These include the North-East and South-South, where there have been increased cases of terrorist activities, especially kidnapping.

The company recently suffered losses due to a fire outbreak at one of its tank farms and fraud at the Port Harcourt office in the South-South Zone. There is also a rumoured agitation by the labour movement in the country, which will further reduce the price of petroleum products. If this happens, the company will suffer severe revenue loss. In order to control and effectively manage risk, the company has decided to assess all its risks.

Required:
Design a risk map for the management of Ego Oil and Gas Limited and advise on the control measures for each risk category. (15 Marks)

Answer

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Tags: Control measures, Oil and Gas Sector, Risk Assessment, Risk Mapping
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2018

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

Question

Revenue management is a challenge in many public organizations, including the Damsa District Assembly in which you are currently engaged as Finance Officer responsible for revenue management and control. There are rampant revenue losses resulting from delayed or unbanked collection, failure to assess and collect revenue, inappropriate use of value books, and poor record keeping, among others. Consequently, your Assembly has persistently failed to meet its revenue budget over the years and the Ministry of Local Government has recently cautioned the District Chief Executive (DCE) and tasked him to improve the revenue performance of the Assembly or face dismissal.

In a meeting with the DCE, he put it bluntly: “the Revenue Officer should do something about this immediately else I will fire him before I am fired. My head and your head are on the chopping board; you know it”.

Required:

As the Finance Officer responsible for revenue, describe FOUR revenue management and control measures you would put in place for the Assembly to remedy revenue losses pointed out in the case.

Answer

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Tags: Control measures, Public Sector, Revenue losses, Revenue management
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2017

MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy

Design a risk map for Ego Oil and Gas Limited and advise on control measures for each risk category.

Question

Required:
Design a risk map for the management of Ego Oil and Gas Limited and advise on the control measures for each risk category. (15 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control measures, Oil and Gas Sector, Risk Assessment, Risk Mapping
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: MAY 2018

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

Question

Required:

As the Finance Officer responsible for revenue, describe FOUR revenue management and control measures you would put in place for the Assembly to remedy revenue losses pointed out in the case.

Answer

Find Related Questions by Tags, levels, etc.

Tags: Control measures, Public Sector, Revenue losses, Revenue management
Level: Level 2

Topic: Public sector fiscal planning and budgeting
Series: NOV 2017

Question Tag: Control measures

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MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy

Design a risk map for Ego Oil and Gas Limited and advise on control measures for each risk category.

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy

Design a risk map for Ego Oil and Gas Limited and advise on control measures for each risk category.

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

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Question Tag: Control measures

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MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy

Design a risk map for Ego Oil and Gas Limited and advise on control measures for each risk category.

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PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting"

MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy

Design a risk map for Ego Oil and Gas Limited and advise on control measures for each risk category.

You're reporting an error for "MGE – May 2018 – L2 – Q6 – Risk Management and Corporate Strategy"

PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting

Describes revenue management and control measures to prevent revenue losses in public sector organizations.

You're reporting an error for "PSAF – Nov 2017 – L2 – Q3b – Public Sector Fiscal Planning and Budgeting"

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