Techniques available for risk assessment.

Question one
a) Critically discuss three different methods or techniques available for risk assessment. (15
b) Discuss the relative roles of quantitative and qualitative risk assessment and discuss which is
the more appropriate for the organization of your choice. Give your reasons. (5 marks)
(1,000 words)
(20 marks)
(LO 1, 3 and 4)
Question two
a) Outline and critically discuss the organizational culture implications of embedding the effective
management of risks within the day to day activities of an organization. (15 marks)
b) Discuss how far that good practice exists within an organization with which you are familiar
and recommend steps that would improve practice in that area. (10 marks)
(1,250 words)
(25 marks)
(LO 3 and 5)
Question three
A number of different models of innovation exist. Discuss how far the process of innovation
can effectively be managed and discuss which models of innovation are most applicable to an
organization with which you are familiar. Give your reasons. (20 marks)
(1,000 words)
(20 marks)
(LO 2)
Please turn over
Page 4 of 6
Question four
Tidd and Beasant (2013) list seven components of an innovative organization. You are required
a) Select three of these components and critically discuss their role within effective
innovation. (15 marks)
b) Use your chosen three components to evaluate the innovative activity and capacity of an
organization with which you are familiar. (10 marks)
c) Based upon that evaluation, suggest improvements that could improve the innovative
activity of that organization. (5 marks)
(1,500 words)
(30 marks)
(LO 6)
Question five
With reference to the professional skills described in learning outcome 7 at the head of this
document, reflect upon and discuss the role that they might play in contributing to effective risk
(250 words)
(5 marks)
(LO 7)
Tidd, J. and Bessant, J., 2013, Managing Innovation: Integrating Technological, Market and
Organizational Change, 5th edition, New York: John Wiley and Sons.

Sample Solution