INSURANCE CHALLENGE

Challenge the Unpredictability

Team Name Major Team Member : : : 1 2 3

Business / Operation pro

Business Field : Cement Industry These figures below shows the process of raw cement ( Finished Goods)

ation process

Cement Industry he process of raw material into inished Goods)

Risk Types Financial Risk Business Risk Operational Risk Political Risk

Ocassion

Risk Code

Picing

BR 1 OR 1

Staff OR 2

Market Risk

Risk Causes

Higher price compare to Competitor Hiring an incompetent Director or Staff that doesn't have the required skill and knowledge Lack of motivation due to salary, compensation benefit, experience, work environment, and inadequate career path

Legend Impact Rating 1=Very Low 2=Low 3=Medium 4=High 5=Very High

Risk Impact Probability

Impact Rating

Probability Rating

Competitor will steal the market share Decrease company perfomance, High chance of human error and missunderstoood in doing their job activities Employees don't do their job good enough, Employees resign from their position and work somewhere else

Likely Even Likely

4 4 2

3 2 4

Legend Probability Rating 1=Almost Impossible 2=Less likely 3=Even 4=Likely 5=Most Likely

Risk Mapping
5

OR 1

Probability 3

BR 1

OR 2

1 1 2 3 4

Impact

Legend Probability Impact Rating

Legend

1 = Almost Impossible

1 = very low

2 = Less likely

2 = low

3 = Even

3 = medium

4 = Likely 5 5 = Most Likely

4 = high 5 = very high

Legend Extreme

High

Medium

Low

Risk Type Financial risk

Risk Risk Code Occassions Causes

BR 1 Business Risk BR x

Pricing

Higher price compare to Competitor

xxx

xxx

Operational Risk Political Risk Market Risk

Options of Possible Mitigation and Action

Improve the quality through intense Research and Development Lowering the price Option 1 Option 2 Option 3

Choosen Option ( Treatmant Plan)

Improve the quality through intense Research and Development

Choosen Option