management of risk
1 Management of Risk Essay
Assignment As we have discussed in the module, risk and its management is a multifaceted topic that
must be addressed by all organisations in a variety of ways. As such, your paper will allow you to
demonstrate a deeper level of understanding of an area of your choice. Therefore you should choose
one of the following: 1) Identify an organisation and discuss how it identifies, addresses and
manages risks (on a scale of your choice) over a period of time in which the risks facing the
organisation are changing. Critically discuss the organisation’s risk management processes and make
recommendations for improvement. 2) Identify a project, successful or not, and discuss how project
risk and uncertainty was managed by the major stakeholders. Critically discuss the tools and
techniques used in the project and reflect on their suitability, particularly with reference to issues of
coordination of stakeholders. 3) Choose an incident in which existing risk management measures did
not prevent a failure. Analyse and critically discuss what went wrong, what alternate measures might
have been used, linking your discussion to the literature on accidents. 4) Choose a contested
technology and discuss how different conceptions of risk (i.e. probabilistic, psychometric, cultural
etc) have shaped the public debate about adoption and diffusion of the technology. It is expected
that each paper will show excellent research and analysis skills. You are strongly advised to discuss
your choice of topic with the convenor or your tutor early in the term. Each paper should be 3000
words (+/ 10%). It should have citations following the Harvard referencing format. We are serious
about plagiarism and scripts found to be engaging in academic misconduct will be reported.
