Case Study Analysis: Risk Management and Organizational Culture

This case study analyzes the 2012 London Olympics, focusing on risk management practices, organizational culture, and the risk maturity model. The analysis begins by addressing the absence of a formal risk policy or framework within the organization, highlighting the need for a risk management framework to mitigate potential risks. The study agrees with the closing statement that the Olympics provides a compelling case study in the evolution and promise of risk management, emphasizing the organization's effective focus on risk mitigation. The Olympic organization is placed at the 'Managed' level of the Risk Maturity Model, indicating active planning and control of risks. The impact of organizational culture on planning for the Olympics risks is also examined, with a contrast to the 2016 Rio Olympics and the proposed 2020 Tokyo Olympics, revealing how the focus on risk management affected the organizational priorities. The assignment concludes with a bibliography of relevant sources.

Running head: CASE STUDY ANALYSIS
CASE STUDY ANALYSIS
Name of the Student
Name of the University
Author Note:

1Case Study Analysis
1. Do you have an established Risk Policy or Framework in your
organisation? What is the impact of the policy/framework on your
management of risk in your projects? If no Policy or Framework exists,
how do you approach risk in your project?
After investigating the mentioned case scenario it has been noticed that in the
mentioned organization there was no such policy or framework which holds the capabilities
to mitigate the risk factors related to the approached project. Followed by the aspect it can be
stated that there is a huge necessity to incorporate the risk management framework by which
it can mitigate the possible risk. The incorporation of effective regulation in the
organizational framework will help the organization to reduce their possible risks.
2. Read the case study on the 2012 London Olympic and answer the following
questions:
a) Do you agree with the closing statement ‘the Olympics provide a compelling
case study in evolution and promise of risk management’?
I completely agree with the closing statement in which it has stated that in the case
study of Olympic event it has compiled the evolution process of risk management as after the
analysing the case study it has been noticed that the higher authorities of the organization has
effectively concentrated on the aspect mitigating the risk which are present in the
organizational framework. Followed by this aspect it can be stated that the organizational has
effectively looked after the matter to identify and mitigate the risk which may hamper the
efficiency of the Olympic Games.

2Case Study Analysis
b) Where would you put the Olympics Organisation on the ‘Risk Maturity
Model’ (see week 2 Enterprise Risk Management)? Why?
After analysing the case scenario it has been observed that the Olympic organization
can be putted into the Managed level. There is significant reason behind putting the Olympic
Organization in the Managed level as it has been identified that the organization is in the
stage of planning and trying to keep all the risks under control. Followed by this it can be
stated that the organization is in such place where the organization is trying to develop certain
rule or policies in order to reduce the possibilities of the identified risks.
c) What impact did the organizational culture have on planning for the
Olympics risks? (Consider/contrast it with the 2016 Rio Olympics or Japans
proposed 2020 Olympics)
A thorough investigation of the mentioned case scenario has provided me the
knowledge about how the risk management process for the Olympic game has affected the
organizational culture. From this it has been identified that since the organization has mostly
focused on the field of risk management they have imbalanced the priority list of the
organization due to this the other work process has significantly hampered.

3Case Study Analysis
Bibliography:
Kerzner, H. (2019). Using the project management maturity model: strategic planning for
project management. Wiley.
Vincent, T. (2019). How to explain Olympic Games cost overruns in terms of Project
Management1, 2.
Williams MSc, CEng, FICE, FCIArb, I., Warburton, RIBA, S., & O'Neil, C. (2019).
Examples of Successful Projects and how they Managed Risk. Global Construction
Success, 245-260.