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Question: You are the newly appointed Risk Manager for Kier Group plc, a major UK construction and infrastructure services company.

20 Jun 2023,12:39 AM

 

Question 1 (60%)


You are the newly appointed Risk Manager for Kier Group plc, a major UK construction and infrastructure services company. You have been asked to carry out a risk analysis of the business, create a risk register and present a Memo to the Board.  

Use the draft risk register attached, to carry out the following actions:

(i) Briefly describe (half a page) the risk emphasis of the construction and infrastructure business and identify 5 risk categories for Kier.

(ii) Identify and analyse all the risks and controls you believe exist within the 5 categories. Use the Risk Assessment rating matrix (attached) to grade the probability and impact of the risk on both an inherent and residual basis.  Create risk scores and Red-Yellow-Green levels for each risk identified.

(iii) Create a one-page Memo (approx 500 words) to the Board of Kier plc. Describe the top 3 risks that arise from your risk analysis.  Include comments on any actions you propose to control the risks.

 

Question 2 (20%)

You are the Risk Manager for Anglo-Saxon Air Services, a fictitious company that provides aircraft maintenance, service and repair. The company is planning to build a new service hangar and an aircraft painting depot at its operating base in Cambridge.

You have been asked to prepare a risk assessment. The Board has asked you to describe the techniques that you would propose to use in order to identify risks.  

Prepare a report approximately 750 words, mentioning at least 3 different risk identification techniques and describe what they are, why you would use these particular techniques and how they would be carried out.

 

Question 3 (20%)

You work for a company that manufactures all types of office furniture and fittings as the Risk and Insurance Manager. A new Finance Director has been appointed and has requested a summary of the risk financing options for their consideration. Provide a report of approximately 750 words describing the risk financing options.
 

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