Risk Management

Risk Management Scenario

A group of business people seated around a conference table.

Read the following scenario and provide your thoughts on how the company should proceed:

“You are a project manager for ABC Company. The company wants to purchase new equipment, train employees on the equipment, and then fully integrate this equipment into the company’s day-to-day processes. You developed a plan that detailed how and when the equipment will be obtained, the timeframe for training employees, and how the equipment will be fully integrated. The equipment arrived on the scheduled date, but you soon realized you forgot to include a plan that outlines how employees will be trained on the equipment. Training is scheduled to start in three days, but without a plan you do not know what to teach the employees about the equipment. The plan has already been initiated and time and resources have already used.”

For this discussion, you will need to compose a substantive post that details a simple solution for the company’s problem. The goal of the company is not to completely abandon the project as they have already put in time and resources. After identifying the solution, consider how you plan to implement it. Since you are a manager you need to put your solution into action.

References
•Module Notes: Risk Assessment
•Jisc infoNet Service. (n.d.). A 5 step risk management model. In Risk management. Retrieved from http://www.jiscinfonet.ac.uk/infokits/risk-management/five-step-model/
•Health and Safety Executive. (n.d.). Example risk assessments. Retrieved from http://www.hse.gov.uk/risk/casestudies/
•Stephenson, C. (2010). The role of leadership in managing risk.. Ivey Business Journal. Retrieved from http://iveybusinessjournal.com/departments/from-the-dean/the-role-of-leadership-in-managing-risk#.VNFQJmgk18E

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