KBL Project: Expansion of Operations and Risk Mitigation Plan

This document outlines the expansion of operations for Kingston-Bryce Limited (KBL), a custom furniture manufacturer, focusing on the acquisition of a competitor to expand operations and triple the workforce. The project is structured into three deliverables: a project plan, a business case, and a risk mitigation plan. The project plan includes tasks, milestones, key stakeholders, and a timeline. The business case justifies the acquisition, explains the project scope, and details the funding schedule. The risk mitigation plan identifies potential risks (technical, financial, contractual, etc.), assesses their likelihood and impact, and recommends mitigation strategies (avoidance, reduction, transfer). The document emphasizes the importance of project management skills, including planning, stakeholder management, and risk assessment, to ensure the successful completion of the 18-month project with a $5 million budget. The project plan is designed to meet the requirements of the Board of Directors, and the risk mitigation plan addresses potential challenges, such as data breaches, financial risks, inflation, and competition. The solution incorporates APA-style citations from US sources.

Running head: EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
Expansion of Operations for Kingston-Bryce Limited (KBL)
Name of the Student
Name of the University
Author note

1EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
1. The Risk Mitigation Plan
The risk mitigation is defined as a major concept towards the aspect of project planning.
There are various alternatives that would be considered during planning over the aspect of the
acquisition project.
From the understanding and analysis over the project of acquisition project over CDRT,
the certain risks are defined:

2EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
Risk Type Risk Description Risk Categories Likelihood Impact Actions taken for Risk Mitigation
Technical Breach of confidentiality of
data is considered as one of
the major risks approaching
towards the project. Any
leakage of data discussed
within the internal parties
would lead to discrepancies in
the activities of the project.
This would otherwise help
other competitors to gain
major stakes within the
project.
Risk Avoidance High High The attorney at KBL should research over
the project and they should be able to
support a brief description of the potential
liability of the company. They should
properly communicate with the other
stakeholders involved within the project
and detail out the steps that would be
needed to be performed in the case of the
concerned project. In order to maintain
confidentiality of data in relation to the
acquisition process, the attorney should
perform a close form of meeting with only
the major stakeholders of the project. This
information should thus not be shared with
any outsider of the project.
After the deal of the project has been
concluded, the major outputs that would be
gained from the project should be
determined with all members of KBL and
based on the defined project plan, the
project would be proceeded accordingly.
Financial Risk is considered as a major
factor when purchasing the
shares of a company. The
CDRT might possess debts
that might be considered as a
major risk for KBL when they
would purchase the shares of
Risk Reduction Medium High The financial consultant working on the
project should perform a brief review over
the details of the company. They should
consider each of the financial assets of
CDRT, the inputs, outputs, the major areas
in which CDRT might have invested their
shares. The financial consultant should also

3EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
the company. Hence, this
could be considered as
another form of major risk
towards the project of
acquisition.
perform a brief review and analysis over
the debts that might be acquired by CDRT.
Without a proper kind of information over
the debts acquired by CDRT, KBL might
purchase the shares of the company, which
would in turn lead to loss of the company.
Financial Inflation is considered as
another major risk that could
approach towards the project
based on acquisition of the
company of CDRT. There are
various stages included within
the project plan, which might
incur a high cost when the
project would be
implemented.
Risk Transfer Low Medium The project manager would be primarily
responsible for deciding over the various
stages that would be occurring within the
project. Increase in the price of goods
would lead to an increase in the prices of
the goods. This would affect the profit
margins of the business of CDRT. Hence,
the project manager would have the major
responsibility to determine the project
activities and then decide over the task of
designing the activities for the project. The
project manager should determine the
activities that would be concerning the
project and thus an additional budget
should be acquired from the financial
consultant who would be providing the
funding over the project.
Contractual KBL would also face a major
risk in case they have certain
shortage of skilled employees
within their organization
while planning for launching
certain products that had been
Risk Transfer Medium Medium Lack of skilled employees in the workforce
planning would lead to major risks towards
the outcomes planned for the project. Loss
of customers would in turn would lead to
loss of sales factor of the company.
Inexperienced and unskilled employees

4EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
pre-planned by them. This
could lead to loss of potential
customers from the company
as they would generally turn
out to other core competitors
of KBL for purchasing their
required products.
who would perform works over the
acquisition and designing of new products
would lead to negative outcomes on the
designing process.
Hence, the KBL should decide on hiring
the experienced candidates who would be
solely responsible for determining the type
of products that would be designed. The
right people who would fit within the job
roles would be chosen. Hence, this would
also reduce the additional incurred costs
and lead to increased productivity.
Technical The purchase of the CDRT
should need to be done in
proper time. Delay in one of
the phases could lead to delay
of all of the next activities as
planned within the project
plan. Delay in the final launch
of the project could lead to a
risk that another major
competitor of KBL would
purchase the shares of CDRT
and thus KBL would lose the
major offer of acquisition.
Risk Reduction Low High The project managers who would be
responsible for performing the activity of
scheduling the different tasks included
within the project. They should also ensure
that each of the activities based on
acquiring of stakes within the company
should be done in a planned wise manner.
Any kind of delay in the activities that are
planned for the project would lead other
competitors to purchase the stakes of
CDRT by them at an early phase. The
project show their leadership and project
management skills based on designing the
various outputs and necessary inputs that
would be required for the project. Hence,
this would help the business managers to
review the project plan accordingly and

5EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
thus plan the next steps of the project
accordingly.

6EXPANSION OF OPERATIONS FOR KINGSTON-BRYCE LIMITED (KBL)
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