Mitolo Wines: Risks & Risk Management for Staff Party Project

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Mitolo Wines
Risks & Risk Management
3/4/2019

Mitolo Wines
Table of Contents
Introduction...........................................................................................................................................2
Details of the Risks................................................................................................................................2
Risk Management Strategy....................................................................................................................2
Strategic Goals & Objectives.................................................................................................................3
Conclusion.............................................................................................................................................3
References.............................................................................................................................................4
1

Mitolo Wines
Introduction
Mitolo Wines is an organization that is in business since 1999. In October, the brand nestled
brand new space that is clean and sharp. It is located in McLaren Vale and building a cellar
door over there was planned since 18 years. The project is to organize a staff party at
Mitolo’s to support the goals and objectives of the organization. The report covers the risks
and the risk management strategy associated with the project.
Details of the Risks
There are various risks that may occur in organizing the staff party for the organization. The
details of these risks are included in the risk register below.
Risk
ID
Name Description Probability Impact Score
1 Transportation Risks There may be improper
transportation arrangements
that may lead to the
deterioration of the experience
of the guests.
2 4 8
2 Schedule/Budget
Overrun
The estimated and actual
values may have variances.
3 5 15
3 Equipment-related
issues –
technical/operational
faults and errors
There may be technical faults
or operational issues in the
tools and equipment.
3 5 15
4 Communication
Issues
The organizing committee
members and stakeholders
may witness gaps in
communication.
4 4 16
5 Quality Issues Non-adherence to the quality
standards and parameters.
2 4 8
6 Environmental
Issues
There may be climatic changes
and environmental conditions
that may lead to difficulty in
2 5 10
2