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Heatmap Question (Specimen 1 – ACCA)

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA SBL Exams › Heatmap Question (Specimen 1 – ACCA)

  • This topic has 4 replies, 3 voices, and was last updated 3 years ago by Ken Garrett.
Viewing 5 posts - 1 through 5 (of 5 total)
  • Author
    Posts
  • May 18, 2019 at 7:32 pm #516379
    Vu
    Member
    • Topics: 46
    • Replies: 87
    • ☆☆

    Dear Sir,

    Could you please explain the meaning of the position of risk placed on the Heat Map below which is given in ACCA’s answer as I am not clear how they could form such Heatmap

    The question and Answer are extracted from ACCA – Specimen of SBL

    May 19, 2019 at 8:04 am #516404
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    See page 94 of our lectures. A ‘heat map’ is just another name for risk mapping where the risks are allocated according to their impact and probability of occurring. The axis on the exam answer and the notes is the opposite way round (high/low vs low/high) but there is no standard approach.

    If a risk is judged high/high then it needs immediate attention. If low/low it can be ignored or tolerated.

    The ACCA answer explains why they have placed their risks in each quadrant.

    May 26, 2019 at 9:35 am #517371
    Vu
    Member
    • Topics: 46
    • Replies: 87
    • ☆☆

    Thank Sir very much. I understood now

    September 4, 2021 at 6:03 pm #634325
    ggawais
    Participant
    • Topics: 3
    • Replies: 13
    • ☆

    Sir can you please tell how we can make this heat map in the exam?

    September 5, 2021 at 8:50 am #634387
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    You could be given a number of risks that a company had identified and be asked to write a report that classifies the risks and suggests a suitable response.

    See pages 94 and 95 of our notes.

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