Chap 22 and 25
Assign11
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Chapter 22 PPT - JAA Inc.–A Case Study in Creating Value from Uncertainty
1. How high do you assess the knowledge level of the business strategy throughout the company by the average employee? Is it your assessment that there is a robust understanding of JAA’s business strategy? Support your position with examples.
2. As you are aware, effective implementation of ISO 31000 involves effective design and implementation of a risk management framework and effective implementation of the risk management processes. This will be verified by incorporation of 11 key principles. Find an example in the case for each of the 11 principles in action.
3. If you compare the internal audit department at JAA to several that you know of currently in the marketplace, what are some of the major differences that you see at JAA that obviously have contributed to superior performance? What is unique and refreshing about the approach to the external audit as compared to what you have seen in industry?
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Chapter 25 - Uses of Efficient Frontier Analysis in Strategic Risk Management
1. How does efficient frontier analysis (EFA) differ from other forms of complex risk assessment techniques?
2. What limitations might an analyst encounter through the use of EFA?
3. How can efficient frontier analysis results be communicated and utilized with nonmathematical decision makers?
Requirements:
· API Format, No Plagiarism, You must also use a scholarly source
· As a reminder, you must list every reference that you used to build your response then cite every reference within every sentence that you used it with a properly APA formatted citation (ABC, 2019). Citation is author last name and year.Bottom of FormBottom of Form
· You have to answer every question, No word limit. I need the answers for each and every question separately with citations matched to the references.
· Provide the answers in a word doc file for chap 22 and chap 25, like question and answers for 6 questions.
· I need the answers for each and every question separately with citations matched to the references.
Chapter 22: JAA Inc.—A Case Study in Creating Value from Uncertainty: Best Practices in Managing Risk. This case has several important take aways as follows.
· To study the importance of the communication process to the overall success of a company’s business objectives
· To understand the relationship of strategic objectives, context, stakeholders, and risk criteria and how these play a critical role in the overall effectiveness of risk management
Chapter 25: Uses of Efficient Frontier Analysis in Strategic Risk ManagementA Technical Examination. Keep in mind the questions presented for this case for our discussion forum are meant to provoke a discussion only. There are no right or wrong answers. It is perfectly acceptable to declare “I don’t know” as an answer. To help a little in this analysis process, reference below key examinations options around EFA as follows.
· Think of EFA as a dynamic framework within which to explore risks. How the framework presents or is used may be different depending upon the question or questions being explored. Discuss what frameworking means, and how EFA could play a role.
· Think of EFA as a specific tool. What does the math do? How should you collect and exploit risk portfolio information? What would you do if your risk information is not robust enough or not consistent enough to drive a complete EFA analysis? How would you supplement the information set?
· Think of EFA as a solution validator. What types of risk mitigation or risk finance approaches can benefit from EFA analysis prior to implementation? How does complex insurance structuring, use of capital markets solutions, or captive insurance techniques benefit from EFA outcomes?
