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Chapter 5 Implications, Recommendations, and Conclusions

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Add literature/previous research to support findings particularly in the 3 sections (research q1, research q2, research q3)

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Answer the following three questions they all count equally. Use the assigned material and any other written sources you wish. Make certain to cite every source by a recognized system of citation. Failure to cite sources will result in severe grading penalties, citing from Wikipedia is not recommended. You will prepare this in a word document and submit it in a drop box. 1) What is enterprise risk management and how does it differ from traditional concepts of risk management. Support your definition with specific examples and complete explanation. 2) What are the steps in implementing an ERM according to the assigned reading? What are the risks the assigned reading points out for oil and gas? 3) Look at the dates on the Mckinsey report was assigned, then look at the comments on oil and gas how accurate do you believe their statements were when you look at the state of the industry today?

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