INSURANCE CHALLENGE

Challenge the Unpredictability

Team Name
Major
Team Member

:
:
:

1
2
3

LENGE

tability

Business / Operation

Business Field : Cemen

These figures below shows the proce
cement ( Finished G

peration process

ield : Cement Industry

ws the process of raw material into
nt ( Finished Goods)

Risk Types
Financial
Risk
Business
Risk
Operational
Risk
Political
Risk
Market Risk

Ocassion

Picing

Risk Code

BR 1
OR 1

Staf
OR 2

Risk
Causes

Higher price compare to Competitor

Hiring an incompetent Director or Staf 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

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

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

Probability

Likely
Even
Likely

Impact
Rating

Probability
Rating

Risk Mapping
5

OR 1

Probability 3

1
1

Impact

ng

act

Legend
Probability

1 = Almost Impossible

BR 1

2 = Less likely

OR 2

3 = Even

4 = Likely
4

5 = Most Likely

Legend

Legend
Impact Rating

Extreme

1 = very low

High

2 = low

Medium

3 = medium

Low

4 = high
5 = very high

Risk Type

Risk
Risk Code

Occassions

BR 1

Pricing

BR x

xxx

Financial risk

Business Risk

Operational Risk
Political Risk
Market Risk

Risk
Causes

Higher price compare to Competitor

xxx

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