The Road King Risk Assessment

Many types of risk are created – risk to the project, to the organization, to the employees involved and to the individuals supporting the change.

Communication is one of the most important parts of any relationship. Business relationships are no different. Having effective business communication or not having effective business communication can positively or negatively impact the success of an entire organization. Unfortunately, there are many barriers that can obstruct effective business communication. Those barriers come in four different categories. Those categories are personal barriers, physical barriers, sematic barriers and process barriers. A manager must know how to work around the communication barriers and use his or her communication skills to keep business operations going smoothly and to make improvements to the

The following short case will give you a good idea of how risks surface in business and project planning and what companies do about it. Consider that you are the Risk Manager as you look at this case, as it will be a good exercise for the time when you will be that Risk Manager!

impact of the identified risks to the organization based on key business drivers (loss of life, loss of

This risk comes from establishing changes to the systems that the organization makes over time to better the product for the clients. If the company does not change its service to meet the needs of the customers it loses business even though it offers a unique product. In the case of Xemba Translations, the risk of employees not being able to change with the new systems due to inadequate training is high. The company needs to be updating and requiring training on a regular basis.

Risk is the likelihood of something undesirable happening in a given time (Merna, 2008). Risk management is a two-step process- identifying what risks exist and then handling them in a way best-suited to the business objectives (Investopedia, 2012). The Adidas Group is a well-known public company that began in 1949. From a company that produced the first soccer boot with removable studs, to evolving apparel, shoe and sporting goods company, the group is recognized globally (Adidas Group, 2012). As with any ever changing business, there are many risks that must be considered. Below are eight risks from various areas of operation within the company:

At the end all the risk are finance related, because the liability’s cost money and this will have an effect in the company’s earnings, so what is important is not only to try to avoid such events but also to be prepare in case they happen and have a plan, is like the saying “Hope for the best but be prepare for the worst”.

Many risks are interrelated. Analyze the following compound risk: Unstable requirements with tight budget will likely cancel the project. Discuss the dependencies that exist between the two risks.

This paper is an analysis of Road King Trucks’ new project which is introducing a new product into its product line. I will decide whether run the project or not. Six issues will be discussed as follows 1) importance of energy cost; 2) project’s cash flows; 3) cost of capital; 4) choose an engine 5) evaluation 6) accept or reject.

Identify the potential risks which affect the company and manage these risks within its risk appetite;

Risks: Due to lack of core competencies in the area of manufacturing, there is a high risk of failure due to mistakes and poor execution particularly working on a first large scale project. There is also a risk that if the trial is unsuccessful, the plant will be

When it comes to risks, Wesfarmers outlined some risks that would influence the company. The report highlighted strategic, operational, regulatory, and financial. There is no doubt that they are all crucial risks, however, they are generic risks, and I believe there are other certain risks faced by each division.

Market entry risks such as cultural differences, competitors, legislation, transportation issues, infringement of intellectual property rights and copyright.

Below we will address each risk as well as explain why we think each risk is important to consider when implementing a project.

For clarification a risk corridor is a formed idea that if insurance companies rake in higher cost than expected the government will reimburse the insurer to a certain percentage. As an example, if an insurer’s actual claims in 2014 are at least 3% greater than the claims projected when the insurer set 2014 rates, the government must reimburse the insurer for half of the excess (Radnofsky, 2014). On top of that, if total claims jump 8% the government would be liable for 80% of the excess costs. This is a really risky move because the unhealthy population with insurance could be extremely costly. The risk corridors gave third party payers the re-insurance by providing insurance to all parties. These insurers in 2015 needed massive bailouts from the government for substantial losses reaching 2.5 billion. This can become an increasing expense over the years. Most of all the taxpayers will be on the hook for these enormous losses, while funding private shareholder owned insurance companies.