Celebrity risk assessment on Tom Cruise
Celebrity risk assessment on Tom Cruise
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CelebrityRiskReportAssignmentFall2023.pdf
RubricCelebrityRiskReportAssignmentFall2023.pdf
CelebrityRiskReportTemplateFall2023.docx
CelebrityRiskReportAssignmentFall2023.pdf
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.
RubricCelebrityRiskReportAssignmentFall2023.pdf
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
CelebrityRiskReportTemplateFall2023.docx
Celebrity Risk Report Template
[Insert cover page with report title, photo of celebrity, date of submission of report, and author name (i.e., your name)]
I. Introduction
[Describe the assignment, “This report…]
II. Celebrity Description
[Describe the celebrity.]
III. Top Five Risks to Celebrity
[Describe the top five risks to the celebrity you selected, the impact and likelihood of each risk.]
[Include a table setting forth the impact and likelihood ratings of the risk and overall inherent risk rating.]
|
Risk |
Impact |
Likelihood |
Inherent Risk |
Notes |
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[Describe briefly risk] |
[Insert impact rating] |
[Insert likelihood rating] |
[Insert inherent risk rating] |
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IV. Controls
[Describe at least three controls for each risk set forth above.]
V. Residual Risk Assessment
[Set forth in table format the inherent risk rating of each risk, the control effectiveness rating of the three controls for each risk (so provide one overall rating for the three controls), and the residual risk rating. You may use the table below or develop your own table.]
|
Risk |
Inherent Risk |
Control Effectiveness |
Residual Risk |
Notes |
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[Describe briefly risk] |
[Insert risk rating] |
[Insert control effectiveness rating] |
[Insert residual risk rating] |
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VI. Conclusion
[Summarize the report contents.]
Appendix
[Insert rating scales for likelihood, impact, control effectiveness, and residual risk. Insert an inherent risk matrix and a residual risk matrix.]
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