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Risk Anaylis of Londonkingsxlsx 61549xlsx 61753
Risk Anaylis of Londonkingsxlsx 61549xlsx 61753
xlsx
1 3 4 1 8 Control
Likelihood
Human resources Managing Human staff members in Business Enter into strategic alliance with
2 department 4 3 1 8 Control consultancy companies
1 Very unlikely
Financial manager Increased business costing due to high cash Prepare budget and proper cost
3 outflow 2 3 2 7 Assumption variance report preparation
2 Somewhat unlikely
Business Owner Changes in the P.V. factors Undertake hedge funding or
4 3 2 1 6 Avoidance derivatives contracts
3 50/50 Chance
Business Increased business costing Undertake hedge funding or
5 management 3 1 1 5 Avoidance derivatives contracts
4 Highly likely
Sales manager Loss of Business due to the non-acceptance of Prepare strategy to enter into the
6 products in market. 2 2 2 6 Transfer more expanded market
5 Nearly Certain
IT experts Failure of machines in system process Hiring More personal for the
7 3 3 1 7 Control machine failure management work
Legal compliance Non-compliance of corporate governance Arrange corporate governance
8 department mechanism 2 3 2 7 Transfer legal department
Severity
Business Reduction in the supply of the clothes in stores Enter into the Outsourcing Alliance
9 contractors or shortcoming of the products 3 2 1 6 Transfer to buy manufactured complete
1 Minor impact on cost, schedule, performance, etc.
clothes
Business Absolution of the purchased clothes Focus on creating core competency
10 management 4 3 4 11 Control in product differentiation
2 Moderate impact on cost, schedule, performance, etc.
customized strategy
Line manager Breakdown in the machines and plants Create provision for depreciation
11 3 2 1 6 Control account to buy new machines
3 Significant impact on project baselines
Financial manager Financial crisis in market Enter into the diversified market to
12 1 3 1 5 Avoidance win the sluggish market position
4 Very significant impact on project baselines
Managers Destruction in business implication ideas and Hire expert Management
13 strategies 2 2 1 5 Control employees to reduces the business
5 Disastrous impact, probable project failure
failure
Sales manager High market Competition Formulate business strategies with
14 3 2 2 7 Assumption the assumption of high compete ion
in market.
IT experts Advancement in the technologies Focus on advancement in
15 2 3 1 6 Control technologies in business
Level of Control
Product Manager Changes in the client's values and likeness Sell only customized products as
16 3 4 2 9 Transfer per the client's values
1 Essentially avoidable through selected risk mitigation actions
Directors Increased service costing to clients due to the Use strategic tools such as
17 increased inflation rate 3 4 1 8 Transfer Hedging, future contract and
2 Highly controllable through organization or project actions
Forward contract to control the
Financial manager No-availability of funds Focus on private funding and
price value
18 3 2 1 6 Control Charge creation on assets
3 Moderately controllable through organization or project actions
Directors Market recession Implementation of Business
19 2 2 2 6 Transfer strategies and financial implication
4 Largely uncontrollable by the organization or project actions
Directors Non-effective implication of business strategies Develop internal control business
20 2 3 1 6 Control system
5 Uncontrollable by the organization or the project
Directors and Failure to implement cost leadership strategy Develop Core competency in
21 managers due to high costing 3 2 1 6 Control product differentiation as
alternative.
Managing directors Market risk Create Strong brand image by
22 2 3 2 7 Control focusing on target market
Risk Strategies
segmentation
Financial manager Financial risk Bank borrowing and focus on using 1 Assumption - accepting the risk and its impact should it occur, best suited for low risk classifications
23 3 3 1 7 Control the private funding
Business Brand image risk of London King Risk Use offline and online market 2 Avoidance - Not willing to accept the risk. This generally involves eliminating the source of the risk by a change in concept,
24 management 3 2 2 7 Control making strategies and program requirements, specification and/or practices to reduce the risk to an acceptable level
3 Control - This option does not attempt to eliminate the source of the risk but seeks to reduce or mitigate the effect should
… 0 the risk occur. It manages the effects of risk in a manner that reduces the likelihood and/or consequences of its occurrence
on the project.
4 Transfer - This option may reallocate risk from one part of the system or organization to another thereby reducing the
overall risks probability of occurrence and impact.
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