LearningOutcomesAssessed:
LO1 Demonstrate an understandingof andtheabilityto identifyand quantifyriskandvalue atboththestrategicand projectlevels
LO2 Develop andapplysystems and tools tothe managementofriskand valueLO3 Develop andjustifycontingencyand disasterrecoveryplans
LO4 Applyanintegratedriskandvaluemanagementapproachtoprojectdevelopmentandevaluationand communicatethefindings in a clearandcoherentmanner
AssignmentBrief
PartB.
Thisis anindividualassignment (Equivalentof 2000words)
AssignmentScenario
Youareaprojectmanagerinamanufacturingcompany,AutoPlastLtd.Themainbusinessofyourcompanyisthemanufactureoftyresforcarsandtrucks,whicharedistributedintheEuropeanUnion.YourfactoryissituatedinsidetheIndustrialParkofBlumactownandisclosetothreehousingestatesandasmallvillage,whichintotalhaveapopulationofabout3000people(Seemapbelow).RiverCruzepassesdirectlyalongsideyoursiteboundary.Theriverisasuccessfulhabitatforseveralkindsoffish,andsupportsathrivinglocalsmall-scalefishingindustry.Yourmanufacturingplanthasbeeninitspresentlocationforover25yearsandisaprimelocationbecauseofthenearbyroadandrailnetworkswhichthefirmuses totransportitsrawmaterials andfinishedproducts.
Inrecenttimes,unusually heavy rainshavecausedtheriverto overflowitsbanks. Thisfloodedyoursiteandcausedalargechemicalleakfromyourstoragetanksintotheriver.Inthesummerof2013,afireoutbreakinthestorageareaofthefactoryforfinishedproductsspreadtoxicfumestothesurroundingresidentialareaandthefishingvillage.Thishashadserioushealthconsequences,especiallyadramaticincreaseinrespiratorydiseases,onthelocalpopulationforwhichyourorganisationiscurrentlyfacing legalactionsfromvariousindividualsandinterestgroups.Asaresultoftheseincidents,asectionofthelocalcommunityhasbeenquitevocalintheirobjectiontoyourcontinuedpresenceatthesite.However,becauseyouemployapproximately800workersthemajorityofwhomcomefromthelocalcommunity,thereisstillsometoleranceofyourbusinessamongasizeablemajorityofthelocals.Whilstthelocaladministrationandplanningauthoritieswantyourfactorytorelocate,theycannotenforcethemovethroughtheplanninglawsasthefactory’ssitecarriesimmunity.Theyarealsoacutelyawareofyourcontributiontothelocaleconomyas a majoremployer.
Inadditiontotheenvironmentalandplanningissues,yourcompanyhasbeenunabletoachieveitsprojectedannualsalesgrowthratesinthelastthreeyearsduemainlytotheintroductionofcheaper,comparableproductstoyourmarketbycompetitorsfromEasternEurope.Thishasbeenofgreatconcernto theshareholders ofyourcompanywhoare worriedaboutthe value oftheirinvestments.
You arerequired tocarryout thefollowingtasks:
Task 1
Profiletheriskstoyourorganisationgiventheabovescenarioandprepareaquantitativeassessmentof therisksusingan appropriateriskregisterforthefollowingstrategiccategoriesof risk:
i Political
ii. Economic
iii. Social
iv. Technological
v. Legal
vi. Environmental
vii. Competitive
(20 marks)
Task 2
Prepareadisasterrecoveryplanagainstsomepossiblehazardstoyourorganisation.Theplanmustinclude2environmentalhazardsand2technologicalhazards.Theformatofyourreportshouldincludea profileofthe hazards,thecontingencyplanand thedisasterresponseforeachhazard.
(15 marks)
Task 3
Provideadetailedvaluechainanalysisofyourbusinesswithaviewtoimprovingyourperformancein themarket.
(20 marks)
MarkingScheme
Task 1
Profilingtherisks in eachcategory 10%
Riskregisterwithappropriatemitigations 10%
Task 2
Hazardidentification andprofiling 5%
Contingencyplans&responsestrategies 10%
Task 3
Clearidentificationof a business-specificvaluechain (not a genericvaluechain)for yourcompany 10%
Identificationofpossiblenon-value–addingactivities (hypothetical)andsuggestionofappropriatevalue-addingimprovements
10%
OverallPresentation–demonstrationofresearch/analysisandcommunicationskills;appropriateformattingof report;qualityofreferencesusingthe Harvard
5%
styleandfreefromplagiarism
TotalMarks 60%
ASSIGNMENT SUBMISSION
Place this order with us and get 18% discount now! to earn your discount enter this code: special18 If you need assistance chat with us now by clicking the live chat button.