To live up to the purpose of this research, a petrochemical company located in Qatar was selected as an example to study their ERM. The case study will start by analyzing the current ERM framework adopted by the company and followed by the process of how to identify, assess, and treat risks with different severity levels within the company. After answering the research question of analyzing the process of risk assessment within the company, an example of how risks are treated will be reflected by a suggested treatment plan for three selected risks as an example of different levels of severity.
All data were drawn from an internal source in the company, in addition to direct observation by one of the researchers. Names were anonymized due to legal restrictions from the company.