Answer Happy

XYZ Company is one the largest telecom company operates in
Pakistan. During last

financial year the risk register show following facts and
figures;
Risk
Impact
No. Of occurrence last five years
Earthquake
5,000,000/=
01
Theft
200,000/=
21
Fire
2,500,000/=
02
Terrorism 7,000,000/=

01
MBD
100,000/=
05
Flood
10,000,000/=

01
You are the risk manager of the XYZ Company and management
assigned you a task to treat risk according to their level of
priority.
Question
1- Prepare priority table for the next year
2- How would you treat risk considering risk
position in priority table
3- Considering insurance cost Rs. 2,000,000/= for
all above risk please suggest either you transfer risk or retain
keep in mind cost benefit analysis.