logo

HFS371 Risk Assessment and Management - Assignment

16 Pages3923 Words91 Views
   

Singapore University of Social Sciences

   

Risk Assessment and Management (HFS371)

   

Added on  2020-04-21

HFS371 Risk Assessment and Management - Assignment

   

Singapore University of Social Sciences

   

Risk Assessment and Management (HFS371)

   Added on 2020-04-21

ShareRelated Documents
Running head: Risk ManagementRisk ManagementName of the Student:Name of the University:Author’s Note:
HFS371 Risk Assessment and Management - Assignment_1
1Risk ManagementExecutive SummarySanofi Aventis Pte Ltd is affiliated to the global healthcare organization Sanofi. The briefintroduction about nature of business of the organization is provided in this report. Theorganization is a consumer healthcare company which started its operations in Singapore sincethe year 1997. The risk management framework of the organization is structured and flexible toadapt to external situation. In this report, the work process and activity of the organization isstudied. It has been found while conducting this study that the risk management procedure of theorganization for pharmaceutical projects is complex because these projects are associated with ahigh degree of uncertainty. The past activities of the organization are reviewed in the report. Thehazard risks of the organization are emission of green house gases and generation of wastes fromthe manufacturing and packaging of medicines. While analyzing and evaluating the riskmanagement procedures of the organization it has been found that the risks of the organizationcan be categorized into risks related to R& D projects of the organization, the Supply ChainManagement of the organization, operations, finance, human resource and market related risks.Some of the good practices of the organization which are reviewed in the report are training ofemployees about the local laws and surveillance of quality of the products manufactured by theorganization. It can be concluded that organization identifies the risks, prioritizes the risks, andquantifies the value of the risks which help the healthcare company to manage risks effectively.It is recommended that the Supply Chain of the organization should be centralized withinstallation of modern software which will help the organization to supply medicines tocustomers at right time and right place and will reduce the risks related to supply chainmanagement. It is also recommended that the organization should encourage cultural diversityand adopt an innovative recruitment and selection procedure to have a talented pool of
HFS371 Risk Assessment and Management - Assignment_2
2Risk Managementresearchers and employees who will conduct the R& D projects of the organization. This willhelp to reduce risks related to human resource.
HFS371 Risk Assessment and Management - Assignment_3
3Risk ManagementContentsCompany and Nature of Business....................................................................................................2Description of Company’s Risk Management Framework.............................................................3Description of Work Process and Activity Selected........................................................................3Review of Past Incidents.................................................................................................................4Hazard-risk Identification................................................................................................................6Risk Analysis and Evaluation..........................................................................................................6Review of Good Practices and Safety Technologies.......................................................................8Conclusion.....................................................................................................................................10Recommendations of Risk Treatment...........................................................................................10Reference Lists..............................................................................................................................12
HFS371 Risk Assessment and Management - Assignment_4

End of preview

Want to access all the pages? Upload your documents or become a member.

Related Documents
Purchasing Management for 3M Singapore Pte Ltd
|10
|3021
|206

Logistics & Supply Chain Management
|11
|2514
|173

Principles Of Logistics Management | PDF
|13
|2486
|229

Healthcare Risk Management Plan for Alpha Pharm
|17
|2584
|44

Six Sigma: Improving Procurement Process in Frosts Food & Beverage
|15
|4589
|376

(solved) Talent Management - Doc
|7
|1983
|149