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Select an organization – Pilot Flying J (https://pilotflyingj.com/)Problem Statement: The Oil and Gas industry typically faces various forms of risks including economic, cultural, technological, opera
- Select an organization – Pilot Flying J (https://pilotflyingj.com/)
- Problem Statement: The Oil and Gas industry typically faces various forms of risks including economic, cultural, technological, operational. The corporate scandals, frauds, and company failures are also caused due to poor risk management programs in the organization.Therefore, the stability and improvement in company performance highly depends on enterprise risk management and required to develop an ERM process.
- Prepare a solution paper for the senior executives of the company who will be the decision-makers regarding whether to sponsor and support the ERM project.
- The solution paper must include an abstract of the proposed ERM solution, an introduction, the problem statement, background to provide the reader with an understanding of the topic and organization, a risk profile inclusive of likelihood and impact, review of research that supports your recommended solution(s), your proposed solution(s), the ERM framework(s) upon which your solution is based, a summary/conclusion, and a reference list of at least 25 sources (at least 20 of which are peer-reviewed journal articles).
- Risks to be considered must include strategic, compliance, operational, repetitional, and competitive.
- The document must be at least 15 pages excluding the title page and references.
- APA style and formatting is expected.
- The title page must include the name of the group, the title of the paper, and the name of each group member.
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