Risk Management Problem Analysis Paper

Improved Essays
There are three alternatives that serve as the best course of action to solve the problem at hand which is, the people making key decisions underestimated the complexity and risk involved which contributed to the DIA project being initiated too late. The key decision makers had a limited understanding of what was involved and lacked the necessary knowledge and expertise to advise appropriately and make good decisions. That lack of knowledge, combined with the fact that expert advice was routinely ignored, were part of the failure mode. Proper risk management planning would have allowed the PMT to decide how to approach and plan activities in the project plan better such as accurately estimating the complexity of the project in addition to the effort involved or that needed to be involved. Performing the necessary planning to address the risk of not having the necessary knowledge resources in place and involved in the appropriate project deliverables and decisions that were made is a key factor. For example, proper risk planning would have helped the PMT realize that more time would need to be built into the schedule to allow the automated baggage handling system to be …show more content…
This countermeasure would have helped address the problem at hand. The FMEA could have helped identify what the impact would be by not initiating the project early enough. This impact level would be in the form of a RPN (Risk Priority Number) assigned to the risk. This would have made it visible that this risk had a high impact level on the project objectives and would have helped determine that a schedule change was urgently needed to allow more time for the baggage handling system to be

Related Documents

  • Improved Essays

    Attackers exploiting default configurations to gain access to the network and to information stored on devices in the network are major threat to home gateway devices. In order to mitigate this threat there are many common default configurations a user should change. When setting up a home network, a user should make sure to change the default passwords. They should set up a strong account password and wifi password using best practices. The user should use a strong security protocol such as WPA2 instead of the default WEP which is not secure.…

    • 693 Words
    • 3 Pages
    Improved Essays
  • Decent Essays

    Upon determining what should be in the intranet, what risk is the organization willing to tolerate should be tackled. An assessment of the privacy controls and security controls can be determined by using NIST Special Publication 800-53A: Assessing Security and Privacy Controls in Federal Information Systems and Organizations, Building Effective Assessment Plans as a guide along with NIST Special Publication 800-30, Rev-1, Guide for Conducting Risk Assessments (NIST SP 30-1, 800-53A). To truly understand this publication is prohibitive to fully explain; however, this step is critical and will impact your intranet dramatically. To simplify: you cannot always have the risk metric you desired because by doing so would make your system so slow and unusable you could not accomplish much.…

    • 428 Words
    • 2 Pages
    Decent Essays
  • Decent Essays

    NFPA 1600: A Case Study

    • 321 Words
    • 2 Pages

    If the plan was deemed unworthy I would conduct a risk assessment of the new facility. The risk assessment should…

    • 321 Words
    • 2 Pages
    Decent Essays
  • Great Essays

    Leonie Chapman Case

    • 2232 Words
    • 9 Pages

    Risks are identified through consultation with key business resources. (b) Step 2 – Identification of risks – likelihood and impact assessment The likelihood and impact of the risk is assessed from a stakeholder (primarily client) perspective. (c) Step 3 – Identification of risks – treat risk based on assessment The results of step 2 enable appropriate risk management strategies to be developed and prioritised.…

    • 2232 Words
    • 9 Pages
    Great Essays
  • Improved Essays

    As CCI note 13/3 mentions, my primary reason for choosing rolled storage for the scarf is that it is a space saver. Since folding the object is not recommended (Nielson 213), it would be difficult to find a storage space for the scarf that would be able to accommodate the length of the scarf without wasting storage space. Additionally, keeping the scarf rolled makes it much easier to move than if it was stored lying flat. The one pitfall to rolled storage is that in order to view the textile, a fair amount of handling has to ensue. However, attaching a tag with detailed information and a colour photo of the scarf, as detailed by CCI note 13/3, helps to reduce the amount of handling that could occur by allowing staff to see what it is without…

    • 677 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The policy does not exist. However the risk assessment identified many risk that need to be addressed. Therefore, a policy is needed to address the risk found. On page 7 of the Risk Assessment it was stated that SHGTS has never had a Risk Assessment before. This means that there was no policy in place to address the need for one.…

    • 1009 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Case Study: Hueblein Inc.

    • 852 Words
    • 4 Pages

    Summary: Hueblein Inc, is a major developer, manufacturer, and marketer of consumer foods and beverage products both domestically and internationally. The corporation ran with a 10 step “capital project process” which oversaw different projects within the organization. However, this system that was put in place was not effective, so they needed to implement another process called project management and control systems aka, (PM&C). “Heublein Inc. did not want to implement a project management system that was already in place in another organization or a basic template for project management. They wanted a project management system that reflected the diversity of their business” (Mantel & Meredith, 2012, pp. 269).…

    • 852 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    From the scheduling optimization, it was first determined, based upon data, the frequency of arrivals on each day of the week showing Friday as the busiest check-in day for the resort. After the busiest days were identified, data was optimized to indicate the frequency of check ins, with the majority of check-ins occurring between 4 p.m. and 2 a.m., no check-ins occurring between 4 a.m. and 11 a.m. (check in time begins at 11 a.m.). Below is the chart to indicate the results. From the data optimization, based on daily check-ins and current staff, the following shifts should be allocated among the front desk agents to allow for the company policy of two days off together: Making adjustments to weekly schedules using daily schedules is appropriate with flexibility to allow staff the ability to select shifts that vary day to day, yet have two days off together.…

    • 705 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    I am going to assess the hazards and risks to both a staff member and a child whilst walking in a park. If they are walking past a pond or a lake it would be considered a hazard to the child 's safety. The risk with this is that the child could fall in and inhale or swallow dirty water, the child could end up with an infection or possibly drowning. This would be a hazard from the physical environment. The children should wear appropriate footwear to ensure that they do not slip or trip.…

    • 1034 Words
    • 5 Pages
    Improved Essays
  • Improved Essays

    Risk Management Strategies

    • 1067 Words
    • 4 Pages

    Whilst the alternative strategy is not without risk, the pre-mortem in Appendix 1 enables us to identify there numerous mitigates and controls for these. The issues and risk of new suppliers not being able to deliver on services levels and other outsourcing related risks have been studied at length, Lonsdale and Cox (1998) categorize several risks which will be overcome in the following areas; • Experiencing a drop in service, performance levels and end-customer satisfaction levels may decline because of service delays or interruption with the partners. To mitigate this risk GI must; o Ensure high level of procurement skills are acquired to ensure the due diligence of any and all potential suppliers is completed at a high level, o Ensure…

    • 1067 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    While this option does not prevent the issue from occurring, the overall impacts are shouldered by another organization. Finally, avoiding risk involves altering the project plan to eliminate the risk or the cause of the issue (Larson & Gray, 2014). Each approach may not be suitable for each risk identified. It is the responsibility of the project manager or portfolio manager/team to determine which approach will work best for the issue and the overall management of the project, portfolio, or…

    • 730 Words
    • 3 Pages
    Improved Essays
  • Improved Essays

    The final aim of any project is commission and handover at the end in the quickest possible time. The need to understand and identify any risk or risk causing agent that may interfere with processes of the project need not be overemphasized. Data has should the risk management is critical to successful completion of project. Hence the risk management machinery should be fully operational all through the stages of the project. To sum it up two areas were exploited which was vital to the completion of our LEGO bridge project which are choosing a narrower distance and negotiated for more time.…

    • 826 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    A good method of managing risk is by looking back at their past mistakes, evaluating them, correcting them, working on them and ensuring they don’t happen again. By doing so, they can avoid and mitigate potential pitfalls. In December 2006, the Boeing airplane was found to be much heavier than it was supposed to be as well as other technical problems which had caused a delay for it to enter service (Laurin, C. 2010). The company should consider possible events that could affect the project’s outcomes and then creating contingency plan. Boeing Commercial Airplanes should take up proactive attempts to foresee probable conditions that could prove adverse to the project and to plan to mitigate (find a solution which decreases the negative impact of the…

    • 862 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    By performing this analysis it can aide in creating a Plan Risk Responses Analysis for a low cost. In our “Project risk management guidelines: Managing risk in large projects and complex procurements” textbook, Cooper…

    • 902 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    The project plan dissolved rapidly because of the underestimation of its complexity and a misstatement of requirements, which snowballed problems and caused…

    • 1035 Words
    • 5 Pages
    Superior Essays