Organisation: TFL (Transport For London) Business Assignment

BPP University Business School: September 2015
BSc Manag
You have been asked to prepare a risk register, which follows the format in section 2.3 for
Transport for London (TFL).
The risk register will require you to clarify organisational aims and objectives and identify risks
(both threats and opportunities) that could impact on those aims. You should note any existing
controls that are in place, which can be taken into account in relation to risk assessment.
Critically assess the relative threat or opportunity it poses for the organisation and then score it.
Take into account any controls you have noted to calculate ‘residual’ risk scores. Define the
acceptable risk threshold, and use it to prioritise risk actions. Propose mitigation actions for
risks that are above the stated threshold utilising academic research and theories to support
your suggestions.ement
Enterprise Risk Management
Coursework Assessment Brief
Summer 2017
Submission deadline:
August 15th 2017, at 23:59 h
Submission mode: Turnitin online access
BPP University Business School: September 2015
1. General Assessment Guidance
• Your summative assessment for Enterprise Risk Managment is a Coursework submission.
• The deadline for submission is 23:59 on August 15th 2017, at 23:59 h
• You are required to submit your assessment via Turnitin online access. Only submissions
made via the specified mode will be accepted and hard copies or any other digital form of
submissions (like via email or pen drive etc.) will not be accepted.
• For coursework, the submission word limit is 2,500 words. You must comply with the word count
guidelines. You may submit LESS than 2,500 words but not more. The risk register content is to
be included in the word count. Tables, diagrams, bibliography, appendices, annex and headings
are NOT included within word count calculations. You must specify total word count on the
front page of your report.
• For coursework, please use font size 12 for body text and the typeface (font) should be Arial
or Times New Roman with minimum 1.5 spacing.
• For headers and titles, please use font size 14. Your submission must have standard margins
and page numbers.
• Please use English (UK) as your language in the submission.
• Do not put your name or contact details anywhere on your submission. You should only put
your student identification number (SRN) which will ensure your submission is recognised
in the marking process.
• A total of 100 marks are available for this module assessment and you are required to
achieve minimum 40% to pass this module.
• You are required to use only Harvard Referencing System in your submission. Any content
which is already published by other author(s) and is not referenced will be considered as a
case of plagiarism. You can find further information on Harvard Referencing in the online
library on the VLE. You can use the following link to access this information:
http://my.bpp.com/vle/mod/data/view.php?d=223&rid=596
• BPP University has a strict policy regarding plagiarism and in proven instances of
plagiarism or collusion, severe punishment will be imposed on offenders. You are advised to
read the rules and regulations regarding plagiarism and collusion in the GAR and MOPP
which are available on VLE in the Academic registry section.
• You should include a completed copy of the Assignment Cover sheet. Any submission
without this completed Assignment Cover sheet will be considered invalid and not marked.
BPP University Business School: September 2015
2. Assessment Brief
2.1. Organisation
Transport for London – TFL
2.2. Questions
You have been asked to prepare a risk register, which follows the format in section 2.3 for
Transport for London (TFL).
The risk register will require you to clarify organisational aims and objectives and identify risks
(both threats and opportunities) that could impact on those aims. You should note any existing
controls that are in place, which can be taken into account in relation to risk assessment.
Critically assess the relative threat or opportunity it poses for the organisation and then score it.
Take into account any controls you have noted to calculate ‘residual’ risk scores. Define the
acceptable risk threshold, and use it to prioritise risk actions. Propose mitigation actions for
risks that are above the stated threshold utilising academic research and theories to support
your suggestions.
2.3. Assessment Submission Structure
The research evidence you gather will be used to populate a standard format risk register,
using the example provided below.
Risk Register for Company X Risk Number
Risk
Description
(include
research
references)
Existing controls
noted (include
references to
documents from
organisation
being studied)
Likelihood (1-5)
Impact
(1-5)
Risk Rating
(Likelihood x Impact)
Above acceptable
rating?
Mitigation
actions
(include
references to
academic
texts
BPP University Business School: September 2015
The following stages will assist in the completion of the risk register template.
a) What are the aims and objectives of the organisation? (Note: ERM links risks to strategic
aims)
b) What problems has the organisation encountered in the past?
c) What problems have other organisations in the same sector encountered in the past?
d) What regulation is applicable to the organisation/sector and are there any planned
changes. Are there differences in regulatory requirements in different locations in
which the organisation operates?
e) Are there any potential opportunities that could enhance company performance?
f) Utilising the information gathered, identify risks (both threats and opportunities) to the
organisation, describe, assess and score each risk.
g) Define the acceptable risk threshold
h) Identify mitigation actions for risks that are above the stated threshold.
You may include a short section on aims, but please ensure the majority of research material is
presented in risk register format. Links to aims should be apparent within risk descriptions.
BPP University Business School: September 2015
2.4. Assessment Marking Scheme (Student Version)
The assignment is marked out of 100. The following table shows the mark allocation and
the approach required.
Assignment Part Mark Approach
Clarify organisational aims and objectives 5 Briefly and concisely enumerate
the main aims and objectives that
the organisation intends to
achieve. In pursuit of such aims,
the entity will encounter the
uncertain events and conditions
(risks), which will be managed in
later sections.
Identify risks that could threaten or enhance
the achievement of the aims of the
organisation (ie: both threats and
opportunities). Note any existing controls
that are in place, which can be taken into
account in relation to risk assessment. 30
Here you should briefly outline
each risk, and provide evidence
of sources of information used.
The description should be
complete enough to support
assessment of the risk. There is
no set number of risks to aim for.
Use ERM frameworks to gather
risks across the enterprise, both
internal and external, which
should be evidenced.
Critically assess the relative threat or
opportunity it poses for the organisation and
then score it. Take into account any controls
you have noted to calculate ‘residual’ risk
scores
25
Score each identified risk for
likelihood (1 [low] – 5 [high]) and
impact (1-5) and multiply these
ratings to provide a risk score.
Include an explanation of the risk
rating numbers or qualitative
descriptions used in the register.
Define the acceptable risk threshold, and
use it to prioritise risk actions. 10
Define likelihood and impact scales
used to calculate risk scores. What
is the unacceptable risk score?
Propose mitigation actions for risks that are
above the stated threshold 30
Where appropriate this should
include academic references to
support your suggestions.
Total 100