Robotix Strategy - In Class Assignment 1 - Risk Identification

Project Risk Management - Sec 003

Strategy Risk ID Risk Name

R1 Cost for manufacturing new product

Develop New Product

R2 Delay in launching the product

R3 Flaws in new product design

R4 Technical faults in the product

Modified Product
R5 Product price

R6 Loosing loyal customers

R7 Product Quality

License from 3rd party

R8 Contract Agreement Risk

R9 Supply Chain risks

R10 Decrease in Sales

Continue with existing product

 Continue with existing product
R11 Products growth in the market

R12 Inventory Stock will grow

TEAM MEMBERS:
BRUNA LOPES 300984655
ASHISH CHAUHAN 300999672
ARESHBIR SINGH SANDHU 301000971
AVINASH KALAYAPPAN 301000798
 Description Category
We must set up a new plant as the process of
manufacturing will be new. New machinery
and raw materials is required for developing Manufacturing
the new product.

If the product does not release on time

because the availability of raw materials is low.
The demands of the customers change
overtime and the product may have no buyers. Manufacturing

The new design may not have the best quality

and will require Product Design
The modifications in the existing products may
affect existing functionalities of the product.
This would be considered as manufacturing
defects and they might need to be refunded. Manufacturing

Cost of the product may increase as there will

be modifications to the existing product, this
may become a big risk if the product price
increases and the modifications don't prove to Product Design
be worthy enough.

Existing customers may not be happy with the

upgrades. They may be using some of the
features of the old product that cannot be Product Design
accomplished with the modified product.

The company from which the products are

procured may not have the same quality
standards as our company. They may not have
the necessary infrastructure and instruments to Quality
deliver good quality products.

The scope should be clearly stated in the

contract. Penalties should be set for bad
performance. We may miss important Quality
information in the contract.

We would have to be entirely dependant on

the third party company to sell the product. If
the third party company does not supply the Manufacturing
finished product there will be nothing to sell.

Since the existing product is not meeting the

customers demands, the sales could further
drop. The features of the product are not what
are expected for the customers. Customers Product Design
could buy competitors products.
 The product would have already reached it's
maturity level and this would make it difficult
to sell the same product. Customers will have
new demands from the existing product and Product Design
this will not be fulfilled.

Due to the lack of sales the inventory will get

overloaded. These products will in turn begin Quality
to detoriate and develop new unkown risks.
1. Data Quality Assessement Charter
Scale of 01 to 100
Risk ID Qualitative
Severity Controlability Manageability
Impact Probability
Weight 50% 20% 30%

R1 40 30 30 35 55

R2 60 40 40 50 20

R3 40 10 10 25 60

R4 70 55 50 61 25

R5 30 10 20 23 10

R6 20 40 50 33 55

R7 10 25 5 11.5 35

R8 30 70 80 53 4

R9 70 60 80 71 40

R10 60 10 10 35 60

R11 70 5 5 37.5 70

R12 80 40 40 60 10
 2. Qualitative Risk Matrix

Impact
Low Moderate
Probability
Low From 0 to 15% Low

Probability
Moderate From 16 to 30% Moderate

High From 31 to 50% High

Very High From 51% Very High

Impact
Legend
Low 0-5 Low Risk

Moderate 6-15
Meduim Risk, requires attention and a response stra
High 16-30 Hight Risk,requires priority action and strong respons

Very High 31-60

Estreme
Above 60
 Impact
High Very High Extreme

es attention and a response strategy

riority action and strong response strategy