Reference no: EM132867911

Assignment: Innovation and Risk

The chapter on the Innovate phase lists the recommended steps to ensure that the phase is executed successfully. In this Assignment, you will explore the risks associated with not carrying out these steps properly and you will examine which types of innovation activities would be best.

Question 1 - Risk Analysis

Which of the steps that the book recommends for the Innovate phase do you think is most critical for your BPM project?

1. Explain the importance of the step for your selected process. Be specific to your situation; do not describe the significance of the step in general terms.

2. Justify your answer by stating what risks will arise if the step you identified is not carried out properly.

3. Explain what measures you will take to implement this step properly and mitigate these risks in your project.

Do not provide generalities. Make sure you are specific about both the risks and the measures as they apply to your selected process.

Question 2 - Innovation Activities

There are many different activities for creating solutions identified in the Understand phase. The effectiveness of these activities depends on many factors, including the organizational makeup and the circumstances of the process.

Describe an innovation activity that you think will work best for your selected organization.Include the following details:

1. Describe the activity.

2. Describe the objectives of the activity.

3. List who should be participating.