Celebrity risk assessment on Tom Cruise

ACCT/BUAD 387x Risk Management in ESA Fall 2023

Celebrity Risk Report Assignment

Learning Objective

Write a report to a celebrity’s business manager to communicate the five most significant risks the

celebrity faces and recommend measures to control those risks. According to the Oxford English

Dictionary, a celebrity is “A well-known or famous person; a person, especially in entertainment or

sport, who attracts interest from the general public and attention from the mass media.”

Assignment Description

This assignment aims to assess your understanding of risk assessment and risk controls. The celebrity’s

business manager asks that you prepare a report identifying the five most significant risks the celebrity

faces, describing the likelihood and impact of each of those five risks and their inherent risk (that is, risk

prior to the application of controls), recommending controls (including any risk transfer mechanisms,

like insurance) to mitigate those risks, and providing ratings of inherent risk, control effectiveness, and

residual risk. A template setting forth the format of the Celebrity Risk Report is posted on Blackboard.

This assignment is worth 150 points. This is an INDIVIDUAL exercise. Do not collaborate with others on

this exercise. Your report should reflect your own understanding of the materials the class has studied

on risk management processes. Please cite any references in footnotes and please use quotations if you

are copying material directly.

Steps

1. Identify a celebrity.

2. Identify the five most significant risks this celebrity faces.

3. Research and gather data on these five risks and the impact and likelihood of these risks.

4. Research and gather data on controls (including any transfer mechanisms, like insurance) that

could potentially mitigate these risks.

5. Using the Celebrity Risk Report Template, develop the report describing the celebrity, the risks

and their impact, likelihood, and inherent risk ratings, the controls to mitigate these risks, and

the ratings of inherent risk, control effectiveness, and residual risk.

6. Include an introduction and conclusion in your report.

7. Use the Celebrity Risk Report Rubric posted on Blackboard as a self-check before submitting

your report.

8. Upload the report through Turnitin to Blackboard by 11:50 pm Pacific on Wednesday, November

8.

ACCT/BUAD 387x Risk Management in ESA Fall 2023

Grading

The professor will use the Celebrity Risk Report Rubric posted on Blackboard to grade your report.

For every day that the memorandum is late, two points will be deducted from the earned points. So if

the memorandum is submitted on November 10, four points will be deducted from the earned points.

Additional Notes

Citations. To receive credit for cites to sources required in the Chief Security Officer Memorandum

Rubric, the student should use footnotes citing the sources. For footnote format, use the following

format:

Author (Date). Title. Publication. Page numbers, if any. Internet address, if any.

Mims, C. (2018, August 31). The World Isn’t as Bad as Your Wired Brain Tells You. The Wall Street

Journal. Retrieved from https://www.wsj.com/articles/the-world-isnt-as-bad-as-your-wired-brain-tells-

you-1535713201.

Below is an example of a sentence with a footnote:

The chance of a shark attack is minimal.1

Artificial Intelligence Usage. In accordance with the Artificial Intelligence (AI) Usage Policy set forth in

the course syllabus, students must include a paragraph at the end of any assignment that uses AI

explaining how (and why) students used AI and indicate/specify the prompts students used to obtain the

results. Failure to do so is a violation of academic integrity policies.

1 Mims, C. (2018, August 31). The World Isn’t as Bad as Your Wired Brain Tells You. The Wall Street Journal. Retrieved from

https://www.wsj.com/articles/the-world-isnt-as-bad-as-your-wired-brain-tells-you-1535713201.

Deliverable Quality

Points

Possible

Identifies a celebrity by name and inserts a photo of the celebrity 2 Describes the celebrity, including the celebriy's age and occupation and why the

celebrity is famous 3

Identifies the top five risks to the celebrity 5

For each risk, analyzes the impact of the risk on the celebrity, convincingly with

relevant information, including references in footnotes to at least one different

source for each risk. There should be at least five different sources cited in footnotes

for impact information 10

For each risk, analyzes the likelihood of the risk's occurence with respect to the

celebrity convincingly with relevant information, including references in footnotes to

at least one different source for each risk. There should be at least five different

sources cited in footnotes for likelihood information 10

A table with the ratings of impact and likelihood for each risk and its overall inherent

risk rating (that is, before controls are applied) is presented in table format with

appropriate colors and labels and is consistent with the rating scales provided in an

appendix. See table template in the Celebrity Risk Report template. 15 For each risk, sets forth three different controls, which are realistic, clearly explained,

and clearly connected to the risk 15 For each control, discusses the effectiveness of the control at mitigating the particular

risk 15

For each set of three controls, references at least one different source in footnotes

providing evidence of the effectiveness of at least one of the three controls 10

A table with a rating of inherent risk for each risk, control effectiveness (controls

rated are the three controls rated together for each risk; there will be five control

effectiveness ratings), and residual risk for each risk is presented in table format with

appropriate colors and labels and is consistent with the rating scales provided in an

appendix. See table template in the Curatorial Risk Report template 15

A rating scale of likelihood, a rating scale of impact, and an inherent risk matrix

setting forth likelihood on one axis and impact on the other axis are included in an

appendix. For examples of risk rating scales, see the content folder for this

assignment as well as COSO & Deloitte (2012, October). Risk Assessment in Practice.

Retrieved from

https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Governance-

Risk-Compliance/dttl-grc-riskassessmentinpractice.pdf. Do NOT copy the scales and

matrix provided. DO NOT USE A FIVE-POINT RATING SCALE. YOU WILL RECEIVE NO

CREDIT FOR A FIVE-POINT RATING SCALE 3

A rating scale of the ratings of control effectiveness is included in an appendix. For an

example of a control effectiveness scale, see the content folder for this assignment.

Do NOT copy the scale provided. DO NOT USE A FIVE-POINT RATING SCALE. YOU WILL

RECEIVE NO CREDIT FOR A FIVE-POINT RATING SCALE 1

ACCT/BUAD 387x Risk Management in Entertainment, Sports, and the Arts

Professor Jaconi (Fall 2023)

RUBRIC: Celebrity Risk Report

Task Completion and

Persuasive

Argument

A residual risk matrix setting forth inherent risk on one axis and control effectiveness

on the other axis is included in an appendix. For examples, see the content folder for

this assignment and the final tab (Overall Risk Score) in World Health Organization

(2020). Mass Gathering Sports Addendum: Risk Assessment Tools in the Context of

COVID-19. Retrieved from https://www.who.int/publications/m/item/guidance-for-

the-use-of-the-who-mass-gatherings-sports-addendum-risk-assessment-tools-in-the-

context-of-covid-19. Do NOT copy the matrix provided. DO NOT USE A FIVE-POINT

RATING SCALE. YOU WILL RECEIVE NO CREDIT FOR A FIVE-POINT RATING SCALE 2

Organization/

Structure Cover page with title of report, photo of celebrity, date, and author 2 Solid introductory paragraph with a compelling thesis (what is the point of the

report?), body, and conclusion. 2

Strong topic sentences 2

One-idea paragraphs 2

Logical sequence and an overall flow with good transitions 2

Report begins with an Introduction, proceeds to a description of the celebrity, the

impact and likelihood of the top five risks, then recommended controls, then the

ratings of inherent risk, control effectiveness, and residual risk, and ends with a

conclusion 3

Analysis Author’s position has been carefully evaluated and connected to the information

learned in the course by identifying for each control the type of control technique

(e.g., segregation, prevention) 15

Writing is concise 2

Writing is cohesive 2

Writing is correct 2

Report has been proof-edited for good grammar, syntax, spelling, and punctuation 4 Report has been proof-edited for report format, headings, appendix, use of white

space 4

Total Possible Points 150

4Cs: Clear, Concise,

Cohesive, and

Correct

Writing is clear 2