TMO Risk Mitigation Plan

Improved Essays
In the process of streamlining the receipt of cargo including aircraft and vehicle parts, Receiving Section/ Function has been moved to the TMO Career field. The risks involved in this process however may prove to be problematic to the initial reason the section was moved. Due to the fact that the task of receiving will be transferred to TMO, the main risk involved in adding the sections to the TMO career is the lack of training for majority of personnel already in the Career field, especially leaders and managers who have become accustomed to TMO’s Inbound function operating as it is and are not equipped to answer and troubleshoot issues as they arise in the new TMO Receiving section. The financial risks can vary from incorrectly receiving …show more content…
According to (MITRE Corporation, 2014), “risk mitigation planning is the process of developing options and actions to enhance opportunities and reduce threats to project objectives while risk mitigation implementation is the process of executing risk mitigation actions”. As displayed by (Public Works and Government Services Canada, 2014), The Risk Assessment Matrix viewed below is an example of how risk can be graded on the severity/consequences of potential impact in relation to the possibility/frequency of its …show more content…
TMO main focus is to see to the proper movement of cargo with delivery to end user being the final result. The addition of the receiving section will add also the warehouse managers, which are manager in the Supply Career field and are no end users, as customers of TMO. Their needs and expectation must align properly with TMO own approach to movement and fast flow of cargo from our possession to customer. The cross functional team including Supply career field will ensure these expectations are reasonably, if not ideally met. This also aligns with one of the eight principles of the Total Quality Management which is being customer-based; to meet customers, understand their need and expectations and implement reasonable tools to meet or fulfil them is a part of the TQM need to make a successful

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