Let’s revisit the FIRM Risk Scorecard this week. Review the elements and examples of dependencies listed in Table 13.1 on page 155). Then look at Table 14.2 (pages 164 – 166). These tables are used to calculate a Riskiness Index. Using the scoring grid on page 166, briefly describe the type and purpose of an organization (you may select the one you are associated with or another you are familiar with – ex: ABC Dialysis Unit, 500 active patients, 1500 annual patient treatments, located in a lower socioeconomic area of an urban environment). Using the format Table 14.2, assign a score to each of the components (Financial, Infrastructure, Reputational, and Marketplace. Report your total “riskiness index” number for each component. Briefly discuss what you might need to do to mitigate the component with the highest score.
Hopkin, Paul. (2017). Fundamentals of Risk Management, 4th Edition.Philadelphia, PA:Kogan Page(ISBN:978-0-7494-7961-9) (E-ISBN: 978-0-7494-7962-6)