Explanation of the role of risk management in process

Assignment Help Business Management
Reference no: EM133123780

Assignment Content

Will Fence owns a 70-acre large timber and Christmas tree farm. The Christmas farm gets busy in August and September when Will identifies and flags the trees suitable for Christmas season. Starting in October, the flagged trees will be cut, baled, and trucked to the storage yard, where they will stay until shipped.

The storage yard is situated in an area that offers shade and protection from the wind to maintain the freshness of the tree. The trees are stacked with the tops locked together to keep the sun and wind away from them. Will has just purchased an additional 40 acres and will need to expand his storage yard by 40,000 square feet. The budget for this expansion is $55,000. Will has hired your team to design a process to contract resources to expand the storage yard.

-------Assignment----

An explanation to Will why the team believes the process is efficient and achieves the results desired.

An identification of any risks associated with procuring these resources and an explanation of the role of risk management in this process.

 

Reference no: EM133123780

Questions Cloud

Identify four technology-related trends that are noteworthy : Identify four technology-related trends that are noteworthy. Why are these trends important for business managers to understand
Identify the business model : Identify the Business Model, the key Business Strategy, and Operational Strategy for Mr. Berry's news business
Porters competitive forces model : Porters Competitive Forces Model - selecting another company and looking for the 5 porters including competitors, alternative products, suppliers and consumers
Describe project procurement planning process : Describe the project procurement planning process. Develop a project monitoring process to track procurement orders for the project.
Explanation of the role of risk management in process : An identification of any risks associated with procuring these resources and an explanation of the role of risk management in this process
How much is the bonus given to jfenix : Jfenix will be given a bonus of 10% of net income after interest, salary and bonus. How much is the bonus given to Jfenix
Which formulas give the appropriate cost of debt : The bank offers a three-year loan at a six percent interest rate. Which of the following formulas give the appropriate cost of debt lf this loan
Prepared to reestablish agreed-upon consulting contract : Contact your client organization and agree on a date and time to begin your consultation project. Be prepared to reestablish the agreed-upon consulting contract
Compute the simple rate of return on the new machine : The new machine would cost $20,000 per year to operate and maintain, Compute the simple rate of return on the new machine

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd