The Vice President (VP) for human resource, who created this course retired suddenly, which cause the hiring of a new VP. The new VP can in and cut the course to save money and streamline the firm’s image. The risk of this scenario is the loss of a key employer involved with the implementation of the course. This risk was foreseeable, given that the original VP was visibly in poor health. The possibility that this employee might step down in the near future to focus on their health should have been a major concern for this team and the management. This risk of the course being dissolved without the VP should have also been foreseen. New management can make any forms of changes that they see fit. The staff should have had a detailed workup of evidence supporting this course, along with supporters elsewhere in the firm. To enhance the readiness for this project a risk management process should have been designed. This would have aided in identifying potential risks and evaluate these risks. The risk management process includes a planning activity, an analysis to forecast potential risk, creation of a risk response, and a way to monitor and control the progress of reducing risk (Kerzner, 2013, p.872). By having a process plan the team would have been better equipped to manage the risk associated with the …show more content…
The risk analysis requires a lot of detailed information in order to be performed. Some techniques that could be used to run a risk analysis in this scenario are analysis of plans and related documents, comparison with similar systems, experience and interviewing, and specialist and expert judgements (Kerzner, 2013, p.893). All of these techniques would have aided in providing information that could be compared with the projects. For example, by using the comparison technique the team could have looked at the completion rate of major change projects when taken on by a new leader. This could help the team to brace themselves for a major change, or give them a boost to really sell their idea to the new