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Elite Burger: New Product Launch Case Scenario David Smith, a project manager at Elite Burger, was called into an executive meeting on short notice
Elite Burger: New Product Launch Case Scenario David Smith, a project manager at Elite Burger, was called into an executive meeting on short notice. During the meeting, the executive team discussed a new burger that will be launched in 6 months called the “Big Time Burger”. Since David has successfully launched other products in the past, he was tasked with being the project manager for this new project. After the meeting with executives, David scheduled a meeting with his team to discuss the project. During the meeting, David expressed some of his concerns, such as the fact that upper management has a history of significantly revising the scope at various points throughout the project. In addition, the new burger ingredients are rare and in limited supply, which may cause complications. Unfortunately, the meeting had to be cut short and David tasked his team with identifying additional risks that should be considered and accounted for.
Prompt: After reading the case scenario, address the following:
What are three other risks that the project manager should have identified and planned for?
You can draw on the course material, your experience, and research to answer this question. ? Describe some mitigation techniques that the project manager could use to alleviate those risks. You can draw on the course material, your experience, and research to answer this question.
Expert Solution
Answer:
For a successful risk project management we can follow these steps to make it more efficient as well as successful.
Making risk management a specific part of the project.
Risk management is an essential part of any specific project and it can provide various forecast risk available in the specific project which directly improve the overall efficiency has the the productivity of the project. By having a project manager with the ability to manage the risk. Overall competency of the specific project is increased.
Forecasting the risk.
Why forecasting one can avoid implications of the specific risk into their organisation and can provide a very wide support do the specific project. Why forecasting the risk possibility of casualties has larger damages could be avoided which one directly result in increased efficiency of the project.
Communicating for risk
With the help of proper communication in organisation most of the risk can be avoided. By having a strong communication pattern inside an organisation the overall effects of the specific risk management system can be improved by a huge margin. Increased communication also ensures better problem solving as well as reducing the overall time taken in solving the problem undefined
Considering threats and opportunities
Buy successfully analysing the threats and opportunities for the specific project manager can easily implement new strategies with directly with the overall productivity of the project. This specific practice of implementation of opportunities as well as threat analysis can be very beneficial for making a project risk free.
Clarifying ownership
From a manager's point of view, most of the time consider themselves as free after they have created a project management plan. This is specific risk plan also needs distribution of the specific roles towards an organisation and to the project. By providing specific goals to each and every employee inside an organisation the overall assessment of the risk factors could be readily decrease.
Prioritising risk
By prioritising thee risk sizes and impacts one can easily increase the overall efficiency of the risk management plan into an organisation and can implement it in a better way.
Implementation of responses
Implementation of responses is an essential process for a risk management plan. By implementing different responses towards the specific risk one can easily increase the level of understanding for the risk in future aspect. By having an implementation of the specific risk into the project multiple solution for the same risk can be delivered as per needed.
Tracking and assessing the risk
Buy successfully tracking a specific risk manager can easily assign a task to that specific ways to reduce the overall impact of the risk. This is specific practice also increases the level of implementation of the risk management plan towards an organisation.
All in all we can say, by following above steps one can easily implement a healthy risk management plan into a project work and can increase the overall efficiency as well as productivity of the specific project.
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