Subject Code & Title: ERM503 Risk Management and Risk Management Standards
Length: Up to 2500 words (see Task 2 for a breakdown)
Type: Report / Essay style analysis
Learning aim(s): ISO 31000:2018 Standard
ERM503 Risk Management and Risk Management Standards Essay-Open University Of Cyprus Australia.
Assignment Subject: World Health Organization
The aim of this written assignment is double:
To bring you in contact with a sophisticated real-world risk management framework.
To develop your skills on applying an ISO 31000:2018 standard.
The World Health Organization (WHO) is a specialized agency of the United Nations responsible for international public health. Its role in the current Covid-19 pandemic is central and critical in order to co-ordinate global efforts. Your task is to study its Corporate
Task 1:
After studying the Corporate Risk Management Policy of WHO., apply its basic elements on the main components of the ISO 31000:2018 standard:
1.Framework (according to ISO 31000:2018).
2.Process (according to ISO 31000:2018).
3.Principles (according to ISO 31000:2018).
ERM503 Risk Management and Risk Management Standards Essay-Open University Of Cyprus Australia.
You should submit a structure of an ISO 31000:2018 with its main 3 parts (Framework,Process, Principles) completed with the information you get from the Corporate Risk Management Policy of WHO to the extent that this information allows you (make no assumptions about the processes unless you can support them from literature). If not, mention what further information is required to do so. Actually, you should take the structure of ISO 31000:2018 and fit the information from the Corporate Risk Management Policy of WHO on it, just as if you were asked to build the standard for WHO. To better support your views, indicate the paragraph number of the Corporate Risk Management Policy of WHO where you found each piece of information or any other source (e.g. Internet, articles, etc.) and avoid extended direct quotations. Describe it with your own words.
Task 2 (What to submit – the deliverable)
Submit your findings in a succinct report. Your report should be structured as follows:
- Hints
- Study the report thoroughly and make sure you have understood everything you need.
- Mind that terminology might be slightly different in different reports (i.e. between ISO 31000:2018 and the Corporate Risk Management Policy of WHO). The terminology you should follow in your report is the one used in ISO31000:2018.
- You are encouraged to use tables or other appropriate illustrations to summarize and present your findings / analysis.
- Plan your time carefully. These assignments require you to do scholarly work and thus spend most of the time sourcing your arguments and contemplating your responses. More often than not, poor marks are due to lack of diligence in the write-up, report formatting and rather weak, overall, conformity to the assessment criteria (see next section).
- Make sure you stick on the requirements of the ISO 31000:2018 and move no further.
- Do not spend too large part of your report in general description of the ISO 31000:2018 or WHO.
- Keep in mind that you can also support your comments about the principles with references in literature or internet.
ERM503 Risk Management and Risk Management Standards Essay-Open University Of Cyprus Australia.
- Do not simply try to find things to exactly match them one by one. Related information might be in various points of the Corporate Risk Management Policy of WHO or elsewhere too. Merge and divide paragraphs of the Corporate Risk Management Policy of WHO and use as much information of it as possible.
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