Discussion post and student reply

Enterprise Risk Management ITS 835

Dr. Ronald Menold ronald.menold@ucumberlands.edu

Chapter 29 Transforming Risk Management at Akawini Copper Mini Case Study

ITS 835

Introduction

▪ Open-ended case study

▪ Basis for discussion

▪ Presents real-life need for an Enterprise Risk Management solution

Transforming Risk Management at Akawini Copper

▪ Akawini Copper – Mining company acquired by larger United Minerals – Single mine and plant – $774 million in revenue

▪ 1,500 employees

▪ United Minerals implemented ISO 31000 framework

▪ Substantially more sophisticated than Akawini’s RM

▪ Launched project to transform Akawini RM to ERM

Chapter 29 Transforming Risk Management at Akawini Copper Mini Case Study

ITS 835