Country : Saudi Arabia
Assignment Task
    

The final work will be evaluated based on the following criteria:
Acquired knowledge: the knowledge acquired throughout the course of the subject will be evaluated through the analysis of the theoretical data shown in the project presented by the student.
Development of the Subject: the interpretation of the thesis subject by the student and its development will be evaluated in a coherent and analytical manner.
Final result : the final evaluation is based on coherent solutions applied to solve objectives set out in the paper. The presentation must be conclusive and formatting must meet established parameters.Six months ago, Albert was named director of his family&company; a factory dedicated to the production of parts for automobiles. When the company was founded, it was a resounding success because it was one of the first factories devoted to this production.However, over time, good competitors have been born, and the factory has had to dealwith a series of serious problems that still entails and that Albert has proposed to face to recover stability and bonanza of previous years.

Some of the problems that Albert needs to solve are:

  • Recover old customers who have gone to the competition and attract new audiences.
  • Break with old customs and adapt to a changing market.
  • The current production system has become outdated. Each department works independently, causing that tasks must often be repeated.
  • There is no system for reviewing the processes so that failures are not detected until the product has been manufactured.
  • Over time the facilities have been deteriorating, as well as the machinery, which has become old and outdated.
  • Competitors are gaining ground quickly, offering a personalised service, adapted to the customer and at lower prices.

 

We will focus on risk management so we will have to carry out a risk management process that will encompass the following activities:
a)
Explains what a risk management process and its phases is.
b) Detects the risks that can affect the company, both internally and externally.
c) It establishes how to respond to the detected risks. Here we must name the solution proposal, as well as the resources (human and material) necessary to face the risk.
d) Explain how you would carry out the process of risk monitoring and control, to verify that actions to deal with risks give the expected results.

 


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  • Uploaded By : Roman
  • Posted on : January 04th, 2020
  • Downloads : 208

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