Each student group should choose a different business type and liaise with the Lecturer to ensure a suitable mix is achieved across all groups. Choose from: Small Proprietary Company, Large Proprietary Company, Listed Public Company, Not for Profit or Sole Trader.

You must use research and use supporting industry information along with risk, governance and control related literature to synthesise, critically evaluate and support the details within your Enterprise Risk Management Framework document.

A key component of this assignment is also to analyse the strengths and weaknesses of your proposed Enterprise Risk Management Framework (ERMF) using risk related research and sources.

As a guide you should include as a minimum:

•           Cover page with list of contents

•           Executive Summary which includes 1) a summary of the strengths and weakness of your proposed ERMF; and 2) how the ERMF will help an organisation to manage its risks

•           Background to your hypothetical organisation

•           Diagrammatic view of your Enterprise Risk Management Framework (ERMF).

•           Your document should include the Enterprise Risk Management Structure including:

o          Key risk and control Committees

o          Key risk related roles and responsibilities

o          Strategy and Policy

o          Risk Management techniques/activities/processes for ensuring that risks are identified, assessed and managed

o          Oversight and monitoring activities

o          Analysis of strengths and weaknesses of you ERMF

o          Conclusion