Suppose Khalid is working in C&I company as manager. The company is specialized in logistics and has a lot of connections with international companies in India, China and Europe. He ensures the transportation of goods between different countries, handles inventories, manages many warehouses throughout the Kingdom for goods and other connected functions (Warehouses in Dammam, Riyadh, Jeddah and Qassim).

The company uses different means of transportation (Road, sea, rail and air) depending on type of goods and time required. The company employs about 500 employees. In different sectors and has modern equipment and technologies.

The company incurred many losses during the last three years threatening the future of the company. Khalid tries to convince the company’s stakeholders of the importance of implementing a risk management policy. So, he was assigned to identify the threats and the risks that may concern the company and determine which operations may be affected by these risks.

Khalid asked you to help him to determine these elements and making the priorities that should be taken into consideration in dealing with these risks.
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Requirements:
Requirement 1:
- Importance of risk management on company’s activities (3 marks)
(Between 200 and 250 words)
Requirement 2:
- Determination of threats and risks (4 marks)
(Between 250 and 300 words)
Requirement 3:
- Operations that may be affected (4 marks)
(Between 250 and 300 words)
Requirement 4:
- Determination of the priorities (4 marks)
(Between 250 and 300 words)