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Old 01-25-2017, 10:58 PM
fic1234 fic1234 is offline
Join Date: Sep 2015
Posts: 10
Default EOM 4 - Task 4

"Assess where Quickwich is currently exceeding its risk appetite and recommend a mitigation strategy for each such area"

Are we supposed to recommend a strategy GIVEN that the risk as already happened? Or recommend a strategy to prevent the risk from happening?

Last edited by fic1234; 01-25-2017 at 11:05 PM..
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Old 02-17-2017, 08:31 PM
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DOPT Machine DOPT Machine is offline
Join Date: Apr 2005
Location: Ellicott City, MD
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I would say the latter. The graph is of individual risk scenario exposures, which tells me that the tainted meat result for example is the output of a simulated SubShop-type event.
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Old 12-05-2017, 10:26 PM
yunbao yunbao is offline
Join Date: Oct 2015
Posts: 82

However, in task 3, the mitigation strategy about more marketing seems to be after tainted meat event happens. Anybody could share more thoughts?
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Old 02-10-2018, 01:04 AM
Zaboor Zaboor is offline
Join Date: Dec 2008
Posts: 79

Can someone better explain what is being asked in this task:
For the three risk exposures that are above the soft limit, are we recommending a strategy to reduce the impact of the risk? Or a strategy that prevents the risk from happening?

Regarding the min wage exposure, what does it mean to exploit this risk to increase company value? I understand that increasing the minimum wage will bring in more low income customers and sales will go up, but the graph already tells us that company value decreases.

Also, I am assuming that our mitigation/exploit strategies for this task are specifically for the 4 risks in the graph. Could someone please confirm this?

Last edited by Zaboor; 02-10-2018 at 01:15 AM..
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eom 4, eom4, quickwich

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