Premium Essay

Jit2 Task

In: Business and Management

Submitted By skelter2013
Words 1606
Pages 7
JIT2 Task (A)
Risk Management Register: Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* | Macroeconomics Risks | Economic downturn could pose risk to sales development. | Accounting Team/Sales Team | Poor economy, not enough jobs, people not purchasing as much | High | High | Low | Consumer Demand Risks | Not being able to respond to consumer wants/demands quickly enough, leading to short-term revenue loss | Marketing Team | Consumer interests change, other companies offer newer/better product | Medium | Medium | Medium | Industry Consolidation Risks (bargaining power) | Decreased bargaining power, price wars, inflated discounts, limited space within retailers | Sourcing, Pricing, Marketing and General Counsel Legal Teams | Market consolidation and strategic alliances | High | Medium | Medium | Political and Regulatory Risks | Trade policies | Government Relations Team/General Counsel Legal Team | Restrictions on importing and tariffs that disrupt free flow of goods | Medium | Medium | Low | Legal Risks | Patents and third-party trademark infringement- must be careful not to raise concern for risk when creating and marketing new products | General Counsel Legal Team | Many competitors in same business marketing similar products | Low | Medium | High | Product Counterfeiting and Imitation Risks | Other vendors stealing logos and designs and portraying their imitation products as original | Product Branding Team/General Counsel Legal Team | Brand and design theft | High | Low | Medium | Social and Environmental Risks | The company’s responsibilities to their employees, vendors and the environment in which they provide | Operations and Regulatory Teams | Safety/Prevention | Low | Low | High | Natural Risks (Natural Disasters, Epidemics, Accidents) | Natural disasters (tornado, flood,...

Similar Documents

Premium Essay

Jit2 Task

...I developed a risk response for each risk describing how things can be done in order to reduce possible damage to the corporation. Technology Risk – In order to reduce technology risk to the business the company should secure all computers and data with latest encryption technologies. Also the company should look into installing and upgrading anti-virus and ant-spyware applications. Company employees should be trained to understand current IT policies and procedures, so that they can help with the process of preventing data loss. Equipment Risk Security Risk – In order to prevent physical security risks the company should controls such as management, physical, and technical. Management controls include developing policies that regulate entrance and exit procedures and requirements for visitor’s access. Physical controls consist of installing locks, doors and fences around areas that require restricted access. They should also consider hiring security guards to deal with access control. Technical controls involve the use od ID badges, sign-in sheets, and cameras. These devices help to monitor activity of people in the facility and will alert security if unauthorized access is detected. These three controls will help to prevent security breaches in the facility. Communication Risk - When dealing with foreign customers' employees should take refresher course on foreign languages and customs. In may be in the best interest of the company to hire consultants to help......

Words: 406 - Pages: 2

Premium Essay

Jit2 Task 1c

...Risk Management: Task 1C Dave Christian Western Governors University Author Note Research conducted by Dave Christian, College of Business, Western Governors University. Dave Christian is now founder at Helpology. This paper is referenced as an American Psychological Association (APA) research paper template available for free, worldwide use at Helpology (helpology.org) categorized under: Helpology Lifelist/Respect/Writing/FREE Helpology APA. Correspondence concerning this paper should be addressed to Dave Christian, Founder, Helpology, 2340 E. University Dr., Lot 85, Tempe, AZ 85281; Phone: (480) 331-9631; Email: Mr.Dave.Christian@gmail.com; Web site: helpology.org. Risk Management: Task 1C Austrian psychologist Viktor E. Frankl (n.d.) said, "Everyone has his own specific vocation or mission in life; everyone must carry out a concrete assignment that demands fulfillment. Therein he cannot be replaced, nor can his life be repeated, thus, everyone's task is unique as his specific opportunity to implement it." As a newly hired consultant, we have been tasked with the duties of creating and presenting a risk management/business contingency plan for our first client. The legal department and the IT department have both expressed concerns regarding the ethical use and protection of sensitive data, customer records, and other information systems content. In the interest of creating confidence and job satisfaction in this new position, our new employer has......

Words: 1022 - Pages: 5

Free Essay

Jit2 Task 1

...BILLS DRUGS RISK REGISTER Risk Description Source Likelihood of Occurrence* Severity of Impact* Controllability* Inability to receive merchandise from suppliers in china. * Global risk A large portion of our generic pharmaceuticals and merchandise are manufactured in china. Any Trade embargos or military involvement would make those resources unavailable and cause a severe merchandise shortage. This will impact sales and profits. China has been aggressive posturing and advancing its military interests. if this trend continues this could lead to trade embargos and/or military involvement. Medium - China has slowly building up to the current level of posturing. At this time it is unknown how far they will go. High - The companies main source of income is the sale of goods. If Bills Drugs is unable to resupply, financial loss will follow. low - We cannot effect the outcome of this potential event. We can only attempt to mitigate it's effects. HIPAA Data exfiltration by attack of the company network. The company network has been compromised and Health Insurance Portability and Accountability Act data has been exposed. A hacker successfully attacked the company network. Using A combination of social engineering, and the exploitation of un-patched servers was able to penetrate the corporate network. Medium - Our information security measures have discouraged or stopped many attacks. Given the sheer volume of potential attackers and attacks, no network is 100% secure. ...

Words: 3198 - Pages: 13

Free Essay

Jit2 Task 1 Instructions

...SUBDOMAINS: 325.3 ­ SOLVING PROBLEMS & MAKING DECISIONS 326.3 ­ EVALUATING ECONOMICS OF MANAGEMENT DECISIONS 326.4 ­ MANAGING ENTERPRISE RISK & CONTINUITY 329.5 ­ USING INFORMATION SYSTEMS FOR COMPETITIVE ADVANTAGE   Competencies: 325.3.4: Problem Solving ­ The graduate applies the problem solving process to solve organizational and team problems, and develops strategies to avoid decision­making pitfalls. 326.3.1: Decision Analysis ­ The graduate analyzes risks and values and uses a variety of decision analysis tools and decision theory to evaluate alternatives during decision­making processes. 326.4.1: Enterprise Continuity ­ The graduate analyzes enterprise continuity plans and the continuity planning process to ensure the inclusion of essential elements, processes, and stakeholder roles. 326.4.2: Continuity and the Global Marketplace ­ The graduate applies international standards to company operations and assesses and recommends strategies for maintaining organizational stability and continuity in the global marketplace. 326.4.3: Contingency Planning ­ The graduate develops and analyzes organizational contingency plans for responding to sudden and rapid environmental changes. 326.4.4 Risk Evaluation and Mitigation ­ The graduate evaluates internal and external risks and recommends risk mitigation strategies and techniques to an organization. 326.4.5: Organizational Risk Management Programs ­ The graduate develops and assesses enterprise risk manage...

Words: 923 - Pages: 4

Free Essay

Jit2 Risk Management Task 1

...a business continuity plan Total facility lost due to a hurricane. XYZ Bakery Supply is a global company with a full range of innovative products and application expertise in the bakery, and patisserie sectors. Products and services are available in more than 100 countries around the world, and in many cases actually produced there by our subsidiaries. Clients are artisans, industry, retailers and food service. XZY Bakery Supply aim to be "reliable partners in innovation" wherever we are in the world, and so help our customers deliver nutritious, tasty food for the communities they live in Business Contingency plan as be simply defined as identification and protection of critical business processes and resources and preparing a process to ensure to survival of the organization during a times of business disruption (Hiles, A., 2007). In any well formulated Business contingency plan (BCP) there will be five integral parts which is layout in Business contingency plan of XYZ Bakery Supply for total facility lost due to a hurricane. B1: Pre-Incident Preparedness In a Pre-incident strategies, we will implement procures that help us mitigate the impact of downtime during the total loss of facility. In this Pre-incident strategy the company will mandate a Business Contingency policy following in case of imminent approach of a powerful hurricane. * CEO, COO and CFO will monitor the hurricane and will make recommendation to close the faculty for safety. * All the......

Words: 1943 - Pages: 8

Premium Essay

How Project Management Can Improve Service Delivery

...delivery. Governments in the vastness of their administration requirements are often unable to maintain either everyday or random tasks of service delivery. This could be due to various reasons, such as; lack of communication, misunderstanding the chain of command, individuals or groups being appointed to complete such tasks that have insufficient knowledge and/or authority required for the fulfilment of such tasks etc. etc. Such shortfalls on tasks as vitally important to a country as service delivery can cripple Government infrastructure and create political unrest amongst unsatisfied citizens. When we are referring to ramifications of this extent, it is imperative that governments / organisations implement safety measures that cover and maintain the correct execution of service delivery. Project management is a clear and concise method that can be implemented simply and cost effectively, and integrate simply into existing infrastructure. Basically what Project Management boils down to, is a simplified process of getting the right person, with the required authority and capability to manage a need, and ensure the fulfilment of said need. So instead of having various groups, reporting to various authorities, with regards to multiple tasks, you have one group of individuals, who have the relevant authority to delegate specific tasks. Service Delivery of Basic Education Curriculum Reform In a nutshell, service delivery of Curriculum Reform is......

Words: 1094 - Pages: 5

Free Essay

Personal Responsibility

...Personal Responsibility Essay Laurie Smith GEN 200 January 4, 2012 Adrianna Szymkowski Personal Responsibility Essay I believe personal responsibility is an important part of success. Whether the success I am trying to achieve is educational, professional or personal. If I do not take reasonability for myself I will not be successful in anything I strive to do. It is my opinion that an important personal trait to have is organization. I believe with proper organization you can achieve personal responsibility which helps you achieve success. I define personal responsibility as having integrity, accepting consequences and the effects that an individual’s actions have on others. To me integrity has three characteristics: being honest, having values or morals, and being self-aware. I believe it is a conscious decision to admit ones mistakes by telling the truth whether or not someone is watching me. Values are used to create an individual’s moral compass telling me what is right or wrong. I feel that many values a person has is often constructed by a person’s culture as well as the individuals that raised them; I believe that a person always has the choice to reevaluate and change their morals as they choose. For a person to have self-awareness I consider if the individual is not only reliable and trustworthy but also possesses humility and are humble instead of a sense of indulgent pride. Another trait of personal responsibility is accepting consequences. I consider......

Words: 1412 - Pages: 6

Premium Essay

Microsoft Project

...Top-Level Tasks report, Critical Tasks report and Milestones report. Project Summary report is to show users high-level information and at the end of the report it will show the overall task status which includes the number of pending, in progress and completed tasks. Top-Level Tasks Report is to shows the planned schedule with information straight from summary table. Critical Tasks Report is to show how delayed critical tasks may bring impact to the other tasks. Milestones report is to show the list of milestones so that user can see how the project is achieving. In Current Activity Reports, there are 6 types of reports which includes Unstarted Task report, Tasks Starting Soon report, Tasks In Progress report, Should Have Started Tasks report, Slipping Tasks report and Completed Tasks report. Unstarted Tasks report is to show the list of tasks that have not started yet together with whether the task is on time, early or it is late. Tasks Starting Soon report is to show tasks that are going to start or finish in the date range that user specified. Tasks In Progress Report is to show the list of tasks that are currently in progress and also their status. Should Have Started Tasks report is to show the list of tasks that should have been started but still have not started in records. Slipping tasks report is to show the list of tasks that have already started but are due to finish after the baseline set for them. Completed tasks report is to show the list of tasks completed......

Words: 733 - Pages: 3

Premium Essay

Creative and Therapeutic Activities in Health and Social Environment.

...TASK 1/P4 I’m going to explain the role of professional when planning creative and therapeutic activities in health and social environment. Introduction: a professional when planning activity for children at a nursery, have to make sure the rooms in which you are going to do the activities are set up with the children’s age. You will make sure Some activities take place in groups according to age, but you will also try to integrate different age groups for part of each activities, so that children experience being with those either younger or older than themselves, So the focus will be to enable them to explore, develop, learn and create in a way that is right for them. Children aren’t the only ones who can do creative activities so for elderly in care home; you firstly have to group them seated in a circle near a table for ease of passing items, especially for residents with limited mobility. You will then introduce yourself to them before you Begin by introducing the activity you plan to do with them, therefore you will make sure you get them involved in some type of creative activity to help them to accomplishment a sense of joy. Objectives in this activity for Children and elderly as what will get out of it as a professional you have to support children's to development their hand muscle by planning play activities that provide children with regular opportunities to move their hand. You have to careful control their small......

Words: 1027 - Pages: 5

Premium Essay

Management Project

...cannot start before step A finished. But for activities in parallel, like Step C, D, E and F, all of them are did at the same time. http://www.pmhut.com/critical-path-mapping-with-activity-network-diagrams [pic]G. 1 As G. 1, the first box on the top is Early start time(EST) and the next is Duration time(DUR). So EST plus DUR is the early finish time(EFT) and the EST in the next step as well. Last start time(LST) is different between Last finish time(LFT) and DUR. Total float(TR) between LST and LFT is LFT minus EST and DUR.[2][3] [2]http://www.youtube.com/watch?v=_4m3tZ_TuTg [3]Project Management, Field and Keller (2007, p197, p198 and p391) Question 3: (Words: 136) Duration is the period required to complete an activity, job, or task, usually excluding holidays and other non-working days.[4] For example, in the activity C, duration is ‘10’ between EST and EFT. Which means they use 10 days to do work. Longest sequence of activities in a project plan which must be completed on time for the project to complete on due date. An activity on the critical path cannot be started until its predecessor activity is complete; if it is delayed for a day, the entire project will be delayed for a day unless the activity following the delayed...

Words: 545 - Pages: 3

Premium Essay

Raising Money for a Cause

...DETAILS OF TASK In the 21st century raising money for a cause has become one of the most common form of assistance offered to people in need. These activities have attracted a lot of interest from individuals especially those in leadership. It would be of no use if these monies were collected and used for the intended purposes. It is for this reason that am going to write a project on raising money for a cause. The project will involve organizing a fund drive which will be conducted in the form of a race to help raise money for humanitarian needs. ANTICIPATED OPPORTUNITY TO PRACTICE LEADERSHIP As leadership in action student, I find that the project will provide a good avenue for me to practice my leadership skills. I intend to chair a committee who will oversee that this project is a success. These opportunities will include sourcing for finances mostly corporate, liaising with the local authority or one of the institutions to provide an avenue for the race and most of all to coordinate the day’s activities. GOALS AND OBJECTIVES The main goal of this activity is to practice the theories learnt in the leadership classes in real live situation. Interacting with people is one of the main aspects of leadership and hence, this project will equip me with the necessary experience. Team work building is another major function performed by leaders. Through the involvement of different people to make this project a success, I will be able to gauge how best I am able to solve team...

Words: 296 - Pages: 2

Premium Essay

Essay

...help on homework. Sometimes this trait is detrimental, because I end up spending more time and energy helping others instead of taking care of myself. Having this trait of being supportive, I feel working in a hospital environment where being caring and supportive would fit best for me as far as this trait goes. I have worked in a hospital before and really enjoyed helping others. I don’t agree at all with the career planner suggesting that I am teamwork centered, because I honestly don’t like working in teams too much. I prefer being assigned a task, and being the sole person responsible for completing that task. The drawback to working in teams is that there is always someone who doesn’t carry their own weight, which makes completing a task much more difficult. I spent six years in the military, and during that time much of the tasks assigned to us where team oriented. I didn’t like working in teams, because when the task wasn’t finished on time, the punishments fell on the entire team. So as far as being a team player and finding employment that involves a lot of teamwork, I have absolutely zero interest in a job that requires too much teamwork. Acrait according to the work culture preference program is a demanding job. So once again I don’t agree with this program suggesting...

Words: 279 - Pages: 2

Premium Essay

No One

...Efficiency Chapter 8 .......................Prepare Thoroughly Before You Begin Chapter 9 .......................Do Your Homework Chapter 10 .....................Leverage Your Special Talents Chapter 11 .....................Identify Your Key Constraints Chapter 12 .....................Take It One Oil Barrel At A Time Chapter 13 .....................Put the Pressure on Yourself Chapter 14 .....................Maximize Your Personal Power Chapter 15 .....................Motivate Yourself Into Action 2 Chapter 16 .....................Practice Creative Procrastination Chapter 17 .....................Do the Most Difficult Task First Chapter 18 .....................Slice and Dice the Task Chapter 19 .....................Create Large Chunks of Time Chapter 20 .....................Develop a Sense of Urgency Chapter 21 .....................Single Handle Every Task Putting It All Together 3 Preface Thank you for picking up this book. I hope these ideas help you as much as have helped me and thousands of others. In fact, I hope that this book changes your life forever. There is never enough time to do everything you have to do. You are literally swamped with work and personal responsibilities, projects, stacks of magazines to read and piles of books you intend to get to one of these days as soon as you get caught up. But the fact is that you are never going to get caught...

Words: 20872 - Pages: 84

Premium Essay

Case Study

...conclusions based on evidence presented can be drawn. SAMPLE CASE STUDY FOCUSING ON MANAGEMENT STRATEGIES: Management Case Study Introduction Throughout the study, Shelley’s class was well managed. Explanations and evidence to support the following six assertions regarding Shelley’s management style are presented: 1. Shelley did not focus extensively on behavior management; 2. Shelley monitored student behavior throughout lessons; 3. Shelley promptly dealt with potential disruptive behavior; 4. Shelley reinforced acceptable behavior; 5. Shelley was very tolerant of student interaction and discussion; and, 6. Shelley devoted a great deal of time to task management. Assertions and Evidence Throughout the study, Shelley did not focus extensively on behavior management. On most days, the students in Shelley’s class were very well behaved and seemed to be familiar with Shelley’s rules regarding classroom behavior. On occasions when Shelley considered student behavior to be inappropriate, she provided corrective feedback in the form of non-verbal gestures or short reprimands. Once the feedback was provided, Shelley continued with instruction and did not dwell on behavior. Examples of corrective feedback statements regarding the behavior of the whole class included, “Let’s get back into control,...

Words: 1264 - Pages: 6

Free Essay

Literature Review Week 3

...article was very helpful because it showed and explained to me the key elements that are needed when conducting a good strong job analysis. This article showed me that I needed to include both essential and non-essential task descriptions. It also gave specifics on the type of equipment that would need to be used and physical demands as well as many other things to include in my analysis. I was honestly hoping this article would help me more. Though I found some of it useful, it didn’t really help me understand what exactly I need to do to gather the information needed in the job analysis. The second article I found was by Jody Wheaton. Her article is all about how conducting a proper job analysis can improve your business. In the article she describes different ways to actually conduct a job analysis. The thing I took from this article was mostly the importance of actually doing research into the job. Because of this article, I actually sought out the HR department and found out what kind of things they would actually need in an HR reception/assistant position. I wanted to know what kind of equipment they would be using and what exactly they would like that person in that role to do. Jody Wheaton states that “Knowledge, skills, abilities, work behaviors, tasks associated with the job, competencies and cultural aspects of the organization should all be part of the data collection process.”2 I was able to add some of these aspects into my paper as well, allowing it to......

Words: 685 - Pages: 3