Risk Mapping – 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

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

CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy

Explain risk management and the process of risk mapping for a new company.

Question

A friend of yours is planning to establish a company with a board of directors and committees. He hopes the company will have a system to manage its operations and the associated risks.

Required:
Explain:
i. Risk management (2 Marks)
ii. The process and use of risk mapping (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Operational Management, Risk Assessment, Risk Management, Risk Mapping
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2021

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

CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy

Explain risk management and the process of risk mapping for a new company.

Question

A friend of yours is planning to establish a company with a board of directors and committees. He hopes the company will have a system to manage its operations and the associated risks.

Required:
Explain:
i. Risk management (2 Marks)
ii. The process and use of risk mapping (4 Marks)

Answer

Find Related Questions by Tags, levels, etc.

Tags: Operational Management, Risk Assessment, Risk Management, Risk Mapping
Level: Level 2

Topic: Risk Management and Corporate Strategy
Series: NOV 2021

Question Tag: Risk Mapping

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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.

CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy

Explain risk management and the process of risk mapping for a new company.

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.

CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy

Explain risk management and the process of risk mapping for a new company.

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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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CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy

Explain risk management and the process of risk mapping for a new company.

You're reporting an error for "CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy"

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"

CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy

Explain risk management and the process of risk mapping for a new company.

You're reporting an error for "CSME – Nov 2021 – L2 – Q5A – Risk Management and Corporate Strategy"

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