risk management work

RMI 2101 Summer 2018

Homework Assignment 2 12 Points

Due Dates

Hard Copy - Wednesday, May 23, 2018 AT THE BEGINNING OF CLASS

Electronic Copy - Turnitin, no later than 10:10AM (5:30 PM) for the Day (Evening) Class on Thursday, May 24, 2018

Be careful to follow the Guidelines for Homework Document on Canvas/Course Documents. The articles for each question can be found on Canvas. Hint: Read the questions carefully and be sure that what you write answers the questions. Many times students give correct information in an answer but that information is not the answer to the question. 1. Refer to the article in Case Studies / West Virginia Water Contamination ‘Inspectors

Visited Spill Site Five Times Since 2001’. Among other things, this article discusses methods of loss exposure identification. You should make sure that you view the pre-recorded lecture concerning ‘Methods of Exposure Identification’ posted on Canvas/Pages/Class Capture AND read the discussion in Chapter 2 of your text concerning ‘Methods of Exposure Identification’. Identify and briefly discuss two loss exposure identification methods illustrated in this article. Make sure you state specifically what type of loss each method is seeking to identify. (6 points)

2. Refer to the article in Topic 2 / The value of risk management ‘The Only Lifeline was

the Wal-Mart’. Consider the discussion of Risk Management Program Goals in Chapter 2 of your text. Based on your reading of this article, identify and briefly discuss two specific examples of these goals that are illustrated in this article. Specify whether your example illustrates a pre-loss goal or post-loss goal. (6 points)