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  #1  
Old 02-03-2013, 08:14 PM
T.Nak T.Nak is offline
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Default EOM 4 (McNulty Getaways) - Task 3

Hi Guys,

I was wondering whether for task 3 we need to write mitigation strategies for each of the measures within the risks or can we simply write mitigation strategies for each risk and say that it would reduce likelihood and severity of the impacts?

I am not sure whether we need to provide mitigation strategies for each key risk, which, reduces the likelihood and severity impacts on each individual measure (EPS ,Net Income Growth,Revenue Growth,Company value) or whether we can provide general mitigation strategies. I am not sure how I could separate out mitigation strategies for each measure within a risk.

How are you guys approaching this? Any tips would be appreciated!

Thanks!

Last edited by T.Nak; 02-04-2013 at 09:54 PM..
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Old 04-17-2013, 10:25 AM
trock913 trock913 is offline
 
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Default Re: EOM 4 (McNulty Getaways) - Task 3

I had the same question when I read this task. Is one mitigation per risk okay, or do we need one for each measure within each risk?

What did you end up doing? , TNak?
Thanks!
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Old 04-17-2013, 08:08 PM
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Force of Interest Force of Interest is offline
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"Assess where MG is currently exceeding its risk appetite, and recommend a few mitigation strategies for each such area."

I would think you want to address how any mitigation strategy would effect all 4 of the measures within each of the risks, otherwise you haven't really addressed all areas where MG is exceeding it's risk appetite.
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Old 12-23-2014, 01:47 AM
lebanese-actuary lebanese-actuary is offline
 
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Hi guys,
For this task (task 3) do we only have to say where MG is exceeding its risk appetite and give the mitigations or we first need to develop and try to find a way to explain how they arrived at the percentages that are>10%
Also for the mitigations, do we have to write in detail how each of the mitigations affects the areas or not?
Appreciate your help
Thanks
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Old 12-23-2014, 12:03 PM
GameOfLoans GameOfLoans is offline
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I think you can just talk about each risk, and there is no need to explain how each mitigation strategy affects each measure. If it reduces severity/frequency of the risk then it should reduce each risk measure.

Try not to over think things, and just answer the questions.
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Old 12-23-2014, 05:58 PM
lebanese-actuary lebanese-actuary is offline
 
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Thank you, much appreciated
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Old 03-20-2015, 06:52 PM
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Gods_Dice Gods_Dice is offline
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Quote:
Originally Posted by GameOfLoans View Post
I think you can just talk about each risk, and there is no need to explain how each mitigation strategy affects each measure. If it reduces severity/frequency of the risk then it should reduce each risk measure.

Try not to over think things, and just answer the questions.

It seems to me that limiting the severity is the purpose of this task, not limiting the frequency. The mitigation strategies are meant to lower the possible impact of each risk event to under 10%, not limiting their likelihood. Maybe I'm being nitpicky here but that seems to be an important distinction in determining which mitigation strategies to recommend for this task.
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Old 08-05-2016, 01:06 PM
arto83 arto83 is offline
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For the risks that are entirely below 10% in all metrics can we just say no mitigation is necessary and move on?
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Old 08-05-2016, 02:05 PM
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For the risks that are entirely below 10% in all metrics can we just say no mitigation is necessary and move on?
But you may want to talk about opportunities for exploitation...
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Old 08-05-2016, 04:07 PM
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But you may want to talk about opportunities for exploitation...
It doesn't ask for that in this one. In the first one I got (quickwich) it did, but MG only asks for mitigation.
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