Project on Risk Management Plan
Added on -2020-07-23
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MANAGE RISK
Table of ContentsINTRODUCTION...........................................................................................................................1ASSESSMENT 1.............................................................................................................................1SECTION 1......................................................................................................................................11.1 Description on risk management scope and plan.............................................................11.2 stakeholder analysis with external and internal scope......................................................21.3 Draw statement on industry analysis................................................................................31.4 find out the strength and weakness of current arrangement of company.........................41.5 The success factor after adopting risk management.........................................................41.6 communication plan in relation to managing the risk......................................................51.7 Draw conclusion about initial meeting with CEO............................................................6SECTION 2......................................................................................................................................62.1 Explanation on tools and techniques to identify the risk..................................................62.2 The interim meeting with CEO........................................................................................7SECTION 3......................................................................................................................................73.1 Draw analysis and evaluation on risk...............................................................................7SECTION 4......................................................................................................................................84.1 Draw risk treatment and action plan.................................................................................8ASSESSMENT 2.............................................................................................................................9TASK 1............................................................................................................................................9Email to CEO about implement, Monitor and evaluate the action plan. ...............................9TASK 2............................................................................................................................................9Draw evaluation report to CEO..............................................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11Journal & Book.....................................................................................................................11Online...................................................................................................................................12
INTRODUCTIONThe identification of risk management refers to the terms like analysis, assessment,control, minimisation and eliminating risk of market. With the help of this kind of activitybusiness can grow their activity in large manner. In this manner various firm use methods likerisk retention, transfer or other kind of strategy in relation to maintain the future working oforganisation (Khakzad. and et.al., 2014.). This firm work in manner to provide service related todeveloping smart board interactive whiteboard so that they can have access of computerapplication. In this project following activities are to be designed are as risk management plan,analysis and proper evaluation, implementation and activities related to monitoring etc. ASSESSMENT 1SECTION 11.1 Description on risk management scope and plan.The scope statement of risk management plan is very essential tool in manner to achievethis object. It helps in understanding the purpose of project by having communication betweenstakeholders (Poolsappasit, Dewri and Ray, 2012.). Boundaries of the risk management plan.,assumption, plan which is to be implemented etc.The boundaries of the risk management is to define the clear purpose of framing the managementplan in regard to this context. Purpose behind this-The scope statement of the risk management plan is very essential in relation to clear definethe objective of the making the assignment. The main purpose is to have necessary developmentin criteria of their assessment or to define it in corrective manner (Bolton, Chen and Wang,2013). The deliverables of this assignment are as- The scope of risk assessments List of risk criteriaThe idea if having identification and managing the risk is the system which allows the firm tominimize the effect of risk. In this manner the effective approaches is to be taken so that objectof the firm can be achieved. The plan in relation to risk management is frame at every level ofthe firm. It is very helpful to minimize the effect of risk so that future goals of the company canbe easily achieved.1
1.2 stakeholder analysis with external and internal scope.They play crucial role which can influence the activities of firm in large manner. Thestakeholder may be termed as customer, supplier, employee and any other.The analysis can be done in following manner are as-StakeholdersEmployeesGovernmentCustomerSupplierManagersRoleThey play thecrucial role inrelation todone theirobligation andduties of firm.They work inmanner toframing lawsand legislationof theenterprise.They aretreated asassets to theorganisation(Ibelings. andet.al., 2014.).They are themediator whocreates thelink betweencompany andtheir customer.The loyalcustomercontributemaximum toorganisation.Their work isin relation tomanage thewhole workingof the firm inmanner toachieve thegoal of entity(Christoffersen, 2012)Internal/externalInternalExternalExternalExternalinternalContributionBy fulfillingthe firmobligation theycontributeprofitabilityandproductivity tofirm.Theircontribution inrelation toimplementingthe policiesandprocedures(Poolsappasit,Dewri andRay, 2012.).Theircontribution inmanner toenhance theprofit as wellgoodwill oforganisation.Provides linkbetween firmand customers.In this mannerthe object ofthe firm can beachieved.There providelargercontribution infirm bymanaging allthe activitiesof firm.Level ofimportanceHighhighMediumMediumhighLevel ofMediumhighMediumLowhigh2
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