Analysis of Risk Management

Running head: ANALYSIS OF RISK MANAGEMENT
ANALYSIS OF RISK MANAGEMENT
Name of Student
Name of University
Author Note

ANALYSIS OF RISK MANAGEMENT
1
Table of Contents
Introduction:...............................................................................................................................2
Analysis of poor management and solution:..............................................................................2
Enhancement of project performance....................................................................................5
Statistics.................................................................................................................................6
Conclusion..................................................................................................................................7
References..................................................................................................................................8

ANALYSIS OF RISK MANAGEMENT
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Introduction:
Risk management is an essential factor to implement a project successfully by
achieving the objectives. In general, risks factors are the main obstacles that can affect the
implementation of the project successfully. If risks are not analysed properly then the project
may be implemented but later the consequences of the risks can cause harm to the
organization. Therefore, identifying the probable risks, mitigation for those risks before
implementation is effective. The IT projects faces many challenges due to the competition
among different industries. The larger projects of IT can run over time, over budget
especially the software projects. The quality of the IT projects need to be of enhanced and
polished as quality of the projects can have great impact on the implementation.
Analysis of poor management and solution:
The planning before implementation should be analysed strictly by identifying the
possible risks and designing of mitigation measures. According to the earlier survey, Levi
Strauss had to face a great loss for which three distribution centres were kept close for few
weeks and even the information officer had to resign. Therefore, typical planning for
identifying the probable risks, the potential impact and probability of assumed risks should be
prioritized.