Risk Management at Wal-Mart

Prepare a report that demonstrates the principles, concepts, types, frameworks and processes of Risk Management through the following:

A. Define the concept of risk in an organisation (or an example case study organisation) and show how it might be closely tied to the amount of information that is available to make decisions.

B. Describe the various types of risk prevalent to the organisation

C. Develop a framework for handling risk in the organisation

D. Develop a systematic risk management process in the organisation.

Prepare an outline for a business continuity plan that builds on the previous points.

Take into consideration the following:

A. Possible comparisons between the techniques of employment weighted checklists, risk logs, brainstorming sessions, behavioural models, diagramming techniques, flow charting, and conducting productive meetings and suggest their strengths and weaknesses in the organisation

B. The inmpacts of risk events in the organisation through the possible use of qualitative techniques

C. The impacts of risk events in the organisation through the possible development of quantitative risk models

D. The application of conditional probablities and statistical distributions in analysing risk models

E. The difference between business continuity and recovery as applied to the organisation