Celebrity Risk Report Assignment

Learning Objective

Write a report to a celebrity’s business manager to communicate the five most significant risks the celebrity faces and recommend measures to control those risks. According to the Oxford English Dictionary, a celebrity is “A well-known or famous person; a person, especially in entertainment or sport, who attracts interest from the general public and attention from the mass media.”

 Assignment Description

This assignment aims to assess your understanding of risk assessment and risk controls. The celebrity’s business manager asks that you prepare a report identifying the five most significant risks the celebrity faces, describing the likelihood and impact of each of those five risks and their inherent risk (that is, risk prior to the application of controls), recommending controls (including any risk transfer mechanisms, like insurance) to mitigate those risks, and providing ratings of inherent risk, control effectiveness, and residual risk. A template setting forth the format of the Celebrity Risk Report is posted on Blackboard. This assignment is worth 150 points. This is an INDIVIDUAL exercise. Do not collaborate with others on this exercise. Your report should reflect your own understanding of the materials the class has studied on risk management processes. Please cite any references in footnotes and please use quotations if you are copying material directly.

Steps

1.      Identify a celebrity.

2.      Identify the five most significant risks this celebrity faces.

3.      Research and gather data on these five risks and the impact and likelihood of these risks.

4.      Research and gather data on controls (including any transfer mechanisms, like insurance) that could potentially mitigate these risks.

5.      Using the Celebrity Risk Report Template, develop the report describing the celebrity, the risks and their impact, likelihood, and inherent risk ratings, the controls to mitigate these risks, and the ratings of inherent risk, control effectiveness, and residual risk.

6.      Include an introduction and conclusion in your report.

7.      Use the Celebrity Risk Report Rubric posted on Blackboard as a self-check before submitting your report.

8.      Upload the report through Turnitin to Blackboard by 11:50 pm Pacific on Wednesday, November 8.

Grading

The professor will use the Celebrity Risk Report Rubric posted on Blackboard to grade your report.

For every day that the memorandum is late, two points will be deducted from the earned points. So if the memorandum is submitted on November 10, four points will be deducted from the earned points.

 Additional Notes

Citations. To receive credit for cites to sources required in the Chief Security Officer Memorandum Rubric, the student should use footnotes citing the sources. For footnote format, use the following format:

Author (Date). Title. Publication. Page numbers, if any. Internet address, if any.

Mims, C. (2018, August 31). The World Isn’t as Bad as Your Wired Brain Tells You. The Wall Street Journal. Retrieved from https://www.wsj.com/articles/the-world-isnt-as-bad-as-your-wired-brain-tells- you-1535713201.

Below is an example of a sentence with a footnote:

The chance of a shark attack is minimal.¹

Artificial Intelligence Usage. In accordance with the Artificial Intelligence (AI) Usage Policy set forth in the course syllabus, students must include a paragraph at the end of any assignment that uses AI explaining how (and why) students used AI and indicate/specify the prompts students used to obtain the results. Failure to do so is a violation of academic integrity policies.

1 Mims, C. (2018, August 31). The World Isn’t as Bad as Your Wired Brain Tells You. The Wall Street Journal. Retrieved from https://www.wsj.com/articles/the-world-isnt-as-bad-as-your-wired-brain-tells-you-1535713201.