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get answer 9056

Operational Risk Assessment

Business Proposal

You are an independent consultant who specializes in risk management and loss prevention.

The management of PK Village Stores LLC has requested a proposal from you for the completion of a Comprehensive Risk Assessment on the entire company’s operation.

To demonstrate your approach to risk management, you have decided to include a “free sample” in your proposal, consisting on the assessment of three possible risk areas derived from the knowledge you have on the company’s operating model.

Deliverable

Consulting Proposal to be presented to the management of PK Village Stores LLC to prepare a Risk Assessment of their existing operations.

The proposal must contain the following elements:

  • Identification and description of three potential risks that may cause extended disruption in the company’s operations, along with the corresponding characterization in terms of likelihood and severity.
  • Description of three possible mitigation measures for each of the risks identified above that, if implemented, could reduce their exposure (likelihood) and/or impact (severity).
  • Explanation of the process you would follow to identify and assess risks and propose mitigation measures, should your proposal be the one selected for the comprehensive assessment project.
  • Description of the final risk assessment report deliverables (major table of contents items), should you be the chosen consultant.

Useful tips:

  • Search the web for risk assessment frameworks
  • Search the web for consulting proposals
  • Search the web for business continuity planning
  • Search for articles on supply chain disruptions

Solution:

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