Risk Management Breakdown Structure The global expansion project is for T-Mobile to expand its supply base into China in order to be successful in the global economy. Recognizing what the available alternatives are available when identifying risk can be beneficial to the project since the methods utilized can be easily accomplished. The responses for each identified risk may have an effect on the other areas with the project overall. The responses also assist in determining how reactive or proactive the project will be in the planning. Organization Background The organization provides wireless service through subsidiaries and operates its flagship brands such as T-Mobile and Metro PCS. T-Mobile is a national provider of wireless voice, …show more content…
The goal of the global expansion project is to identify a network organization that can be worked with to create a partnership in China. Once the network organization is identified the goal is to measure the reliability and cost. The objectives of this goal consist of recognizing and mitigating potential risk that may arise when attempting to create a partnership from another country. Additional objectives include planning strategies that need to be developed to deal with any type of risk that may arise. The overall tool that will be utilized is by accessing the internet to determine what and how the different networks are identified and what types of laws and regulation govern the partnership in another country. Receiving effective information to allow the right information to assist with analyzing the risks involved. The effective information can be broken down in a work breakdown structure and tracked through a checklist. The tools and techniques that will assist in the accurate tracking and monitoring include an activity information checklist, interview methods that involve personnel with their direct work responsibilities. Additional techniques include studies conducted throughout the organization on processes and producers to include lessons learned from past projects. In analyzing risk there are two methods such as qualitative and quantitative risk analysis to assist in making the analysis process straightforward.
The purpose of risk assessment is not to remove risks, but to take reasonable steps to reduce them. The process involves looking at the risk, and considering what can be done to make it less likely that the risk will develop into a reality. This can be done through implementing policies and codes of practice, acting in individual’s best interests, fostering culture of openness and support being consistent, maintaining professional boundaries and following systems for raising concerns.
Many businesses are partnering to take full benefit of global economies. Global use of networking technology requires a collaborative effort to be successful. What are the facets of partner relationship management and what network considerations must be reviewed to ensure success? Review the course reading for examples of use and explain how these ventures were successful in their efforts. Would these uses also be beneficial to your businesses and what modifications would be needed for their use?
6. The risk assessment team will conduct an inspection of the department/area being assessed for risk or observe the process being assessed for risk in action. The members of the risk assessment team will individually document their findings on the “ABC Proactive Risk Assessment Worksheet” (Attachment A). To determine the appropriate score for each identified risk, the reviewer will consider information obtained through a physical tour of the facility, review of annual incident
Throughout all phases of risk management planning, the specific topic of discussion will be risk identification, awareness and communication. Risk Identification consists of determining which are likely to have an effect on the organization, and documenting the characteristics of each risk. Risk Awareness requires that all Defense Logistics Information employees and contractors be aware of what constitutes a risk and specific events or factors that could potentially impact the organization in a negative way. Risk communication involves bringing risk factors or events to the attention of the IT Manager.
To monitor risk within a team, it is essential to understand and identify what risks can occur whilst working on a project. As a line manager, involving the team and getting their input on what concerns them about this project or task will help identify any potential risks (Obeng, 2007). Two examples below to illustrate how I identified and monitored risk.
AT&T is a company that has never stopped innovating and does not plan to stop anytime soon or in the future. The AT&T of today is climbing the ladder of success and dominating its competition on its way to the top. No one could have predicted the success of a telephone company when the late Alexander Graham Bell invented the telephone in the year 1876. AT&T is now so much more than just a telephone and equipment company. AT&T is a company that is evolving with the world and is working towards meeting the needs of the customers by providing products and services that they need in order to change with the ever changing demand of society. This corporation faces new challenges everyday with technology changes and the increase of competing companies
Risk Management. Risk Management must be a continuous activity throughout our project in order to prevent risks becoming issues. Thus, “risks” will be a topic at every meeting during project implementation.
A process of identifying, analyzing and responding to risk factors throughout the life of a project is call Risk Management (Stanleigh, n.d.). Every Information Technology (IT) project should have someone gathering, minoring, and developing mitigation plans for the risks associated with the
What information sources have you used to conduct the assessment of your organization risk managerment processes
T-Mobile US, Inc., which was earlier MetroPCS Communications, Inc., became corporate on March 10, 2004. T-Mobile is a carrier of wireless communication, and it also provides services with wireless broadband mobile mainly in the metropolitan areas of US which includes Atlanta, Dallas/Fort Worth, Philadelphia, Las Vegas, San Francisco, Los Angeles,
AT&T is a multinational telecommunications corporation, headquartered in Dallas, Texas. AT&T is the second largest provider of mobile telephone in America. They are the third-largest company in Texas. The largest non-oil company, behind only ExxonMobil and ConocoPhillips, and also the largest Dallas Company. As of May 2014 AT&T is the 23rd-largest company in the world as measured by a composite of revenues, profits, assets and market value, and the 16th-largest non-oil company. As of 2015, it is also the 20th-largest mobile telecom operator in the world, with over 123.9 million mobile customers.
T-Mobile is one of the largest providers of wireless voice and data communication services in the United States, Puerto Rico and U.S. Virgin Islands. It provides “wireless telecommunication and host of other services including voice, text messaging, and data communications. It also offers a range of value added services include ring tone, caller tunes, MegaTones, Hi-Fi Ringers, and wallpaper download, mobile emailing, games, among others.”
1) Risk Assessment: This component involves procedures geared towards detecting, communicating, and for warning recovery team members and stakeholders. The process of detection is straightforward for the most part, as it involves detecting IT disasters. The process of warning involves alerting key team members involved with recovery that a disaster has occurred, and for
AT&T Inc. is the largest provider of wireless telecommunication services in the united states of fixed telephone and the second largest of mobile telephones. This makes the company, a multinational telecommunication corporation in the USA.
In project management, a ‘process’ is a series of steps taken to get from point A to point B while, ‘risk’ identifies issues that may arise and cause a project to fail. “Risk management is the means by which uncertainty is systematically managed to increase the likelihood of meeting project objectives.” (Verzuh, pp. 99, 2012). Project managers need to take the lead when developing and training the team but, also chose wisely when planning, identifying, mitigating, and controlling risk. Risk management is a system of tools used to keep a project on track should problems occur. The following six processes; planning, identifying, performing qualitative and quantitative analysis, responses, and controlling have been identified for managing risk in project management.