Reference no: EM131426856
Assignment: Developing a Risk Response Plan
Evaluating a project for probability, costs and impact is imperative before developing a risk response plan. Most organisations do not have the time and resources to devote the same level of effort to every risk. Thus, risk response plans need to examine risks systemically and consider the highest risks as well as stakeholder risk tolerance.
In the Readings, you will read how Ackermann et al. (2007) identified a risk filter as a tool to provide a framework for risk mitigation. This tool can be applied to each project within the selected area of the organisation. This filter tests for a wider range of risks and builds in systemicity, resulting in the development of action portfolios.
This is just one tool that could be used for response planning. For this Individual Assignment, you will research other tools and tailor one or more to develop a risk response plan for the project you identified in Unit 1. You will revise this Individual Assignment to include Faculty Member feedback and incorporate it into your Final Project.
To prepare for this Individual Assignment:
- From the project you identified in Unit 1, select a risk area to feature in this Individual Assignment. This risk area should be narrow enough that appropriate strategies and tools might make a difference in ameliorating the threat.
- From the Readings and credible online sources, identify strategic management tools that might be particularly appropriate in analysing a risk area associated with your selected project from Unit 1. Consider the impact and effectiveness each of these tools may have on your project.
To complete this Individual Assignment:
- Prepare a detailed response plan for the selected risk area incorporating the tools that you selected. Include in your response plan a probability and impact assessment, prioritisation and identification of early warning indicators.
- Explain how you considered stakeholder risk tolerance in your risk response plan. Would your planning for individual risks change depending on a stakeholder's tolerance for risk? If you had to prioritise the stakeholders depending on their risk tolerance, how would you still reassure those who were more risk tolerant?
- Cite all sources used in preparation for this Assignment, including the articles you researched online.
Attachment:- Project.rar
|
Explain the economic impact imposed
: Write a three paragraph report from a Western perspective summarizing the topic. In paragraph three, explain the economic impact imposed on the U. S. in attempt to settle the tension with Western nations. Cite your sources using APA Guidelines.
|
|
What will happen to the equilibrium price and quantity
: What will happen to the equilibrium price and quantity? What will this do to the demand curve? Of the list of things in the text that cause a change in demand, which best fits here as the cause of the demand shift?
|
|
How does war generate debt for a country
: War is the generator of debt burden for countries. How does war generate debt for a country?
|
|
Price elasticity of demand question
: Lets say that the price decreased from $200 to $160 (20% decrease) on Beats by Dre headphones. This obviously would cause an increase of quantity demanded and I am to estimate it off of the determinants of demand (no data). Determinants of demand ..
|
|
Select a risk area to feature in this individual assignment
: Select a risk area to feature in this Individual Assignment. This risk area should be narrow enough that appropriate strategies and tools might make a difference in ameliorating the threat.
|
|
Is the quality of a car affected by what day it was built
: Is the quality of a car affected by what day it was built? A car manufacturer examines a random sample of the warranty claims filed over the past two years to test whether defects are randomly distributed across days of the work week.
|
|
Find the prime ideals and maximal ideals of quotient ring
: Find all the prime ideals and maximal ideals of the quotient ring Z/20Z. Are the set of prime ideals and the set maximal ideals of Z/20Z the same
|
|
Determine the impact on the economy
: "Taylor Rule and Inflation Targeting" Please respond to the following: Determine the impact on the economy if the central bank in the U.S. used inflation targeting. Explain your rationale.
|
|
Violence against women 2005
: Violence against women 2005.- Is there evidence that violence against women involves different weapons than other violent attacks in the United States?
|