Leadership & Management of Project Risk

Leadership & Management of Project Risk
Quality & People Assignment 2 (of 2) (Risk
Management)

Executive summary
In a defined time span, leadership and management lead a company to meet its objectives and
goals. Both leaders and administrators act as an organisational cornerstone that makes a
corporation accomplish its mission in a coordinated manner. The word project management
directs the team activities of multiple participants to accomplish corporate goals and priorities.
The goals. It is the duty of top administrators, such as presidents and supervisors, to reduce or
eliminate the obstacles that serve as a project completion hurdle. For this study, TESCO is the
preferred company and it is known as one of the UK's leading grocery stores.

Table of Contents
Executive summary .........................................................................................................................2
Introduction .................................................................................................................................2
Task 1 ..............................................................................................................................................2
Identify three risks that could affect the change and business activity and thus impact on
quality outcomes .........................................................................................................................2
Explore the potential mitigation and contingency plans and consider the budgetary
implications of these plans ..........................................................................................................4
Task 2 ..............................................................................................................................................5
Pareto analysis ............................................................................................................................5
Riskit analysis .............................................................................................................................7
Ishikawa diagram ........................................................................................................................9
Literature review .......................................................................................................................10
REFERENCES .............................................................................................................................11
.......................................................................................................................................................11
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Introduction
Leadership and management are both important factors that help a company to attain
organisational objectives and goals. There is need for different organisations to choose the right
type of leaders so that business can be run in effective manner (Dioko, 2016). It is also necessary
for all employees to be encourage and motivated for completing the organisational activities
within specified time frame. The following report is based upon the risk associated with a
project started in Tesco. The leaders and managers of Tesco are pillar of the company and they
are involved in completing the goals and objectives in specified time. Tesco is involved in
managing the business activities so that the risk is very less. When any company works within a
project, there are lot of risks that have to be managed. The new project started within Tesco is
shifting from business model to digital technology.
Task 1
Identify three risks that could affect the change and business activity and thus impact on quality
outcomes
There are different risks present within new project initiated by Tesco. The project
involved within Tesco is the shifting of traditional business model to new digital technology.
There is need for the management of this company to evaluate and analyse all the factors in
effective manner for knowing what are the most important elements in managing the project
completion (Duffett, 2017).
Risk Analysis is characterised as a series of risk management planning, risk analysis, risk
identification and risk management processes in a project. Control of likely future incidents that
could have a detrimental impact on the overall project is proper risk control. It is more of a
constructive mechanism than a reactive one. Project Procurement Management entails the
methods of buying or purchasing supplies used to operate a business. A vendor, customer or
service supplier may be the organisation. Management of project recruitment often means
monitoring any deal provided by an external agency and getting work completed beyond the
project team (Gillespie, and Riddle, 2015). Four steps of Plan Procurement Management include
Plan Procurement Management, Conduct Procurement, Monitor Procurement, Close
Procurement Management,
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