risk mapping project for H.E.B grocery store
risk mapping project for H.E.B grocery store
. 1) After researching the company, develop a list of the key risks facing the firm. You should limit your list to 30-40 risks. Be sure your risks are phrased as risks! ?
. 2) Categorize the risks identified above into a manageable number of logical categories. ?
. 3) Of the risks identified by your group, determine what you feel are the 5 most important ?risks faced by the firm. Identify and describe the 5 risks, and explain why you feel these ?are the most critical risks for the firm. ?
. 4) Recall the risk map diagram approach we discussed in class that plots risks based on ?perceived frequency and severity. With this frequency-severity framework in mind, categorize each of the five risks identified in the previous step in terms of frequency and severity (i.e., high/medium/low frequency, high/medium/low severity). Provide a discussion of why you feel each risk belongs in the assigned risk map location. ?
. 5) For each of the five risks identified in step 3, describe what you think would be the most appropriate way(s) for the firm to manage this risk (e.g., insurance, hedging, retention, loss control, etc.). Be sure to provide justifications for your recommendations. ?
. 6) Your final project must contain the following:
a. Brief description of your chosen firm (1-2 paragraphs) ?
b. Categorized list of firm risks (30-40) ?
c. Description of the 5 most important risks, along with the rationale for their ?importance ?
d. Description of where each of the 5 most important risks would fall on a risk map ?in terms of frequency and severity, along with explanations ?
e. Recommendations for how to manage each of the 5 most important risks, along ?with explanations for these recommendations ?
f. List of all resources you used in completing this project (including web page ?URLs) ?
You will probably want to choose a publicly traded firm for this project, to assure availability of adequate information. Your research on the firm can involve any source you deem appropriate, but you really don’t need anything but the Internet. You’ll probably want to start at the company website.. Obviously, I understand that your ability to accurately perform this risk mapping endeavor as an “outsider” is severely limited. Just use your own judgment and intuition, along with the publicly available information that you find about the firm. Hopefully, one of the things you will gain in doing this assignment is an appreciation of the kind of information that would be needed for the management of a firm to truly engage in a thorough risk mapping process.
Caution: Your final product should contain only your own thoughts in your own words. Feel free to use any source you wish to help develop ideas, but do not reproduce content from another source, either directly or paraphrased. I take plagiarism very seriously, so please be careful.
The Risk Mapping project will be graded across five different areas. The five areas are listed below, along with descriptions of the things I will look for in each area. Each area will be evaluated according to these factors and assigned a score between 0 and 20. The grade on the project will be the sum of the scores across the five areas.
1. Listing and categorization of risks
Appropriate number of risks; Appropriate categorization; Risks are appropriately worded (i.e., phrased as risks, clear, understandable); List demonstrates significant thought and research
2. Identification and description of key risks
Sound reasoning for selecting each risk; Clear and thorough description of each risk; Demonstrates meaningful research (e.g., relevant statistics, reference to past events or media stories or analyst reports, etc.)
3. Analysis of key risks (frequency, severity)
Frequency and severity are specifically addressed for each risk; Strong justifications provided for placement of each risk (in terms of both frequency and severity); Demonstrates meaningful research (e.g., relevant statistics, reference to past events or media stories or analyst reports, etc.)
4. Risk management recommendations for key risks
Clear, appropriate, and thorough recommendations for each risk
5. Writing quality and overall professionalism
All project instructions followed; Formatted appropriately; Free from typographical and grammatical errors; Clear evidence of proofreading and editing; Appropriate level of formality for a professional document; Consistent across sections in terms of style, fon.