COURSE: ENTERPRISE RISK MANAGEMENT

PROJECT: STORA ENSO

Instructions for the submission:

● Please maintain the following: Font - Times New Roman, Font Size - 12, Line Spacing
- 1.5

Question 1. Plotting of risks in the heat map (in the template excel file)

Please attach a screenshot of the "Likelihood - impact table" sheet of the template
i. Impact Calculation Table

ii. Likelihood Calculation Table

 iii. Likelihood-Impact Table

Question 2. Calculation of risk scores

Please attach a screenshot of the "Risk register" sheet of the template

Question 3. Prioritisation of the risks and justification for the order

PRIORITY RISK JUSTIFICATION

LEVEL

P1 Risk 3- This has a very high likelihood and the highest

Declining impact of more than 4 million dollars which
Sales will impact the organization on a serious level
since decline in sales leads to decline in profit.

P2 Risk 2- Use This has high likelihood and high impact which
of old leads to wastage of resources resulting in loss
technology to the organization.

P3 Risk 4-New His has high likelihood and medium impact. If

Regulations new regulations are not conveyed and
understood properly, it may lead to reduction in
production capacities.

P4 Risk 1-Data This has low likelihood and low impact. This
Hacking may only result if proper data security is not in
place or if data is leaked by employees.

P5 Risk 5- This has medium likelihood and low impact.

Biodegradabl This may impact the current product line if the
e Plastic right material is not sourced in time.
Question 4. Four aggravating factors for the forest produce industry creating an impact on their
revenue generation

Please attach a screenshot of the "Risk register" sheet of the template

Question 5. Four mitigation strategies to reduce the risk posed by the aggravating factors

Please attach a screenshot of the "Risk register" sheet of the template

Question 6. Risks that should be accepted with their justification

The risks that should be accepted are:

Risk 1- Data Hacking- Since the core business of Stora Enso is not data
related hence data hacking will not affect its core business however it
should be ensured that trade secrets are properly safeguarded

Risk 5-Consumer preferring biodegradable plastic packaging- Since

the impacts of this risk is low, the organization can consider working on
it later as accepting this risk will not impact the over- all profitability
however it should be worked upon in the long run to keep-up with
competitors.