Risk Management- Task 1- Hoke Enterprises, Inc. Tara Johnson A. 2. Risk Description Source Likelihood of Occurrence* Severity of Impact* Controllability* 1. Customer Changes to the brief and/or scope of work contract Low High medium 2. equipment Failure to order on time resources Low High High 3. Interruption to Supply Location to major suppliers must be identified in relation to season, geographic area, & natural disaster. organization high medium medium 4. design Movement
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As a newly hired consultant, I have been tasked with the duties of creating and presenting a risk management and business contingency plan for my first client, ORAZON Corporation. ORAZON Corporation operates retail clothing stores worldwide and sells clothing on the web. A. A risk is the likelihood of something undesirable happening at a given time (Merna, 2008). Risk management is a two-step process ̶ identifying what risks exist and then handling them in the way best-suited to the business objectives
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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
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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
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Risk Management (JIT2) ------------------------------------------------- Business Contingency Plan – Petley Tea Petley Tea is a Global distributor of the finest tea leaves with a reputation for quality products, best customer service, and a reputation for one of finest companies to work for. Without a Business Contingency Plan this would not be possible, so we have developed a BCP to set a standard for operations. The purpose of this Business Continuity Plan is to provide general direction
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RISK REGISTER Risk One: Global Political Instability| Description:|As a global business, The Company travels to various countries where the political climate is not as stable as in the US. Should a State where The Company does business experience instability, it may become difficult to continue operations.| Owner:|The CEO would make the decision on whether to send staff or not to events in those places.| Source:|The source of political instability is hard to identify. One source is dissatisfaction
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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
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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
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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
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