read articles and answering the questions

RMI 2101

Fall 2016

Homework Assignment 2

20 Points

Due on Monday, September 26, 2016 AT THE BEGINNING OF CLASS

Be careful to follow the Guidelines for Homework Document located in the Course

Documents Section of Blackboard.

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.

To answer Question 1, you will need to watch a pre-recorded lecture concerning ‘Loss

Exposure Identification Methods’ posted on Blackboard AND read the discussion in

Chapter 2 concerning ‘Methods of Loss Exposure Identification’.

1. Refer to the article in Topic 2 / The Risk Management Process “PwC Survey

Finds Market Shifts and Business Transformation Are Exposing Companies to

Critical Gaps in Risk Management”.

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 textbook. Based on your reading of this article, identify and briefly discuss

two specific examples of these goals that are illustrated by Wal-Mart. Specify

whether your example illustrates a pre-loss goal or post-loss goal. [6 points]

3. Refer to the article in Case Studies / Supply Chain Issues “Increasing Cargo

Theft Risk Recorded in Rio de Janeiro, Brazil”.

Identify and briefly discuss two TRM loss exposures illustrated in this article. In

each case, you should give the example AND briefly explain why your answer is

an example of the loss exposure in question. [8 points]