Example of a Risk and Opportunity Action Plan RISKS/OPPORTUNITIES & ACTION PLAN Process Instruction Process Owner: College of Business Date Prepared: January 28, 2021 Interested Parties-Needs and Expectations Accreditation, regulatory and certifying bodies: Documentary requirements for Certifying, Accrediting and other regulatory bodies Students: Employability of graduates Faculty: Continuing professional development of faculty Partner industries: Host Training Institutions for Student Internship Planned Result (a) First time CPA Licensure exam- takers Risks that can adversely affect (b) Identified responsible unit will not qualify for PBB; passing rate is above the national levelling and passing accreditation average. Results affect SUC survey ratings Possible Non- Compliant (NC) for IQA and External Audits Opportunities that can beneficially affect (c) Attract better qualified students to the program Etc. High turn-over rate of faculty (BSA) Promotional activities by other schools Actions to address Risks and Opportunities Existing (d) New BSA Curriculum and New Course Syllabuses Admission, Retention and Promotion Policies Internal and External Issues Accountanc y Laboratory Additional (1) Tutorials Mock-Boards For additional controls, indicate responsibile person and target dete of completion Responsible Perso BSA Chairperson & Faculty Target Date of completion Within two years Process Interested Parties-Needs and Expectations Planned Result Risks that can RISKS/OPPORTUNITIES & ACTION PLAN adversely affect Process Owner: Opportunities that can beneficially affect Date Prepared: Internal and External Issues Actions to address Risks and Opportunities Existing Additional For additional controls, indicate responsible person and target date of completion Responsible Person Target Date of completion
Example of a Risk and Opportunity Action Plan RISKS/OPPORTUNITIES & ACTION PLAN Process Instruction Process Owner: College of Business Date Prepared: January 28, 2021 Interested Parties-Needs and Expectations Accreditation, regulatory and certifying bodies: Documentary requirements for Certifying, Accrediting and other regulatory bodies Students: Employability of graduates Faculty: Continuing professional development of faculty Partner industries: Host Training Institutions for Student Internship Planned Result (a) First time CPA Licensure exam- takers Risks that can adversely affect (b) Identified responsible unit will not qualify for PBB; passing rate is above the national levelling and passing accreditation average. Results affect SUC survey ratings Possible Non- Compliant (NC) for IQA and External Audits Opportunities that can beneficially affect (c) Attract better qualified students to the program Etc. High turn-over rate of faculty (BSA) Promotional activities by other schools Actions to address Risks and Opportunities Existing (d) New BSA Curriculum and New Course Syllabuses Admission, Retention and Promotion Policies Internal and External Issues Accountanc y Laboratory Additional (1) Tutorials Mock-Boards For additional controls, indicate responsibile person and target dete of completion Responsible Perso BSA Chairperson & Faculty Target Date of completion Within two years Process Interested Parties-Needs and Expectations Planned Result Risks that can RISKS/OPPORTUNITIES & ACTION PLAN adversely affect Process Owner: Opportunities that can beneficially affect Date Prepared: Internal and External Issues Actions to address Risks and Opportunities Existing Additional For additional controls, indicate responsible person and target date of completion Responsible Person Target Date of completion
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
Related questions
Question
Pls help me answer this, you can use the example as reference
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
Recommended textbooks for you
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Understanding Business
Management
ISBN:
9781259929434
Author:
William Nickels
Publisher:
McGraw-Hill Education
Management (14th Edition)
Management
ISBN:
9780134527604
Author:
Stephen P. Robbins, Mary A. Coulter
Publisher:
PEARSON
Spreadsheet Modeling & Decision Analysis: A Pract…
Management
ISBN:
9781305947412
Author:
Cliff Ragsdale
Publisher:
Cengage Learning
Management Information Systems: Managing The Digi…
Management
ISBN:
9780135191798
Author:
Kenneth C. Laudon, Jane P. Laudon
Publisher:
PEARSON
Business Essentials (12th Edition) (What's New in…
Management
ISBN:
9780134728391
Author:
Ronald J. Ebert, Ricky W. Griffin
Publisher:
PEARSON
Fundamentals of Management (10th Edition)
Management
ISBN:
9780134237473
Author:
Stephen P. Robbins, Mary A. Coulter, David A. De Cenzo
Publisher:
PEARSON