How would you go about identifying and assessing the operational risks?

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Paper 2: You are the Risk Manager for an auto manufacturing company. Your company is outsourcing the procurement of a very critical component to a third-party supplier based in Florida.
How would you go about identifying and assessing the operational risks?
What do you think are you key risks facing this decision?
Who are your key stakeholders and how would you communicate these risks to them?
Hint: think about third party risks, business continuity, information technology risks
Papers should be at least 1,000 words excluding a restatement of the assignment, table of contents, abstract and bibliography. Make sure that you properly cite your sources (according to APA format).
Please include some key concepts in the lecture files, and need to go detail.

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