Widgets Exercise Group 2


Published on

Published in: Education, Business, Technology
1 Like
  • Be the first to comment

No Downloads
Total views
On SlideShare
From Embeds
Number of Embeds
Embeds 0
No embeds

No notes for slide

Widgets Exercise Group 2

  1. 2. Risks and Mitigation <ul><li>Knowledge management: </li></ul><ul><ul><ul><li>High attrition rate in the computer services </li></ul></ul></ul><ul><ul><ul><li>Lot of key information about the system is lost </li></ul></ul></ul><ul><ul><ul><li>High impact considering the dependency on the IT systems </li></ul></ul></ul><ul><li>Strategy to Mitigate: </li></ul><ul><ul><ul><li>Stress on documentation </li></ul></ul></ul><ul><ul><ul><li>Build a knowledge repository of the system </li></ul></ul></ul><ul><ul><ul><li>Devise a formal process of handover </li></ul></ul></ul><ul><ul><ul><li>Formulate HR policies which encourage employee retention </li></ul></ul></ul>
  2. 3. Risks and Mitigation <ul><li>Risk to the computer room and the media store: </li></ul><ul><ul><ul><li>They are next to the Boiler room </li></ul></ul></ul><ul><ul><ul><li>Incase of a boiler explosion severe damage could be caused </li></ul></ul></ul><ul><ul><ul><li>Loss of entire data in case of a disaster like flood </li></ul></ul></ul><ul><ul><li>Strategy to mitigate: </li></ul></ul><ul><ul><ul><li>Change the architecture and move computer rooms to a different location </li></ul></ul></ul><ul><ul><ul><li>Encase the boiler room properly </li></ul></ul></ul><ul><ul><ul><li>Schedule an off-site back up of the data </li></ul></ul></ul>
  3. 4. Risks and Mitigation <ul><li>Risk of polluting the river: </li></ul><ul><ul><ul><li>The waste of the plant might pollute the river </li></ul></ul></ul><ul><ul><ul><li>This could lead to legal issues </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Comply with the pollution norms </li></ul></ul></ul><ul><ul><ul><li>Ensure that the waste is dumped far off from the site </li></ul></ul></ul><ul><li>Theft / Vandalism : </li></ul><ul><ul><ul><li>The computer center is Glass encased </li></ul></ul></ul><ul><ul><ul><li>High risk of Vandalism due to proximity to the Detention center </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Invest in the security of the computer center </li></ul></ul></ul>
  4. 5. Risks and Mitigation <ul><li>Overhead Railway power lines: </li></ul><ul><ul><ul><li>Interference in communication </li></ul></ul></ul><ul><ul><ul><li>Risk of electrical mishaps </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Identify appropriate frequency for communication </li></ul></ul></ul><ul><ul><ul><li>Make sure the building has proper earthing to protect from electrical mishaps </li></ul></ul></ul><ul><li>Just In Time Inventory management: </li></ul><ul><ul><ul><li>Risk of a stock out </li></ul></ul></ul><ul><ul><ul><li>Disruption of business in case of disaster </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Have buffer stock </li></ul></ul></ul><ul><ul><ul><li>Invest in better forecasting systems </li></ul></ul></ul>
  5. 6. Risks and Mitigation <ul><li>Dial-up connection: </li></ul><ul><ul><ul><li>Risk of loss of connectivity </li></ul></ul></ul><ul><ul><ul><li>Impact to business operations </li></ul></ul></ul><ul><ul><ul><li>Security threat </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Upgrade to Broadband connectivity </li></ul></ul></ul><ul><ul><ul><li>Identify back ups in case of a connectivity failure </li></ul></ul></ul><ul><ul><ul><li>Implement stringent security mechanisms </li></ul></ul></ul><ul><li>Peak customers outside working hours: </li></ul><ul><ul><ul><li>Risk to the business operations due to lack of support </li></ul></ul></ul><ul><ul><ul><li>High priority orders might get delayed </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Change the working hours for the support staff </li></ul></ul></ul><ul><ul><ul><li>Invest in IVR systems for support </li></ul></ul></ul>
  6. 7. Risks and Mitigation <ul><li>Plastic bullets to unpopular elements: </li></ul><ul><ul><ul><li>Could degrade the reputation of the company </li></ul></ul></ul><ul><ul><ul><li>Many legal issues might arise </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Manufacture the bullets at a separate factory </li></ul></ul></ul><ul><ul><ul><li>Comply with all the legal aspects </li></ul></ul></ul><ul><li>Old Machinery: </li></ul><ul><ul><ul><li>Risk to the personnel working </li></ul></ul></ul><ul><ul><ul><li>Risk to business operations due to malfunction </li></ul></ul></ul><ul><ul><ul><li>Quality of output might get affected </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Upgrade to new machinery </li></ul></ul></ul><ul><ul><ul><li>Invest in the maintenance of the old machinery </li></ul></ul></ul>
  7. 8. Risks and Mitigation <ul><li>Clash of Egos: </li></ul><ul><ul><ul><li>No proper alignment between business unit heads </li></ul></ul></ul><ul><ul><ul><li>Overbearing character of logistics director </li></ul></ul></ul><ul><ul><ul><li>Risk of various power centers developing </li></ul></ul></ul><ul><ul><li>Strategies to mitigate: </li></ul></ul><ul><ul><ul><li>Ensure free flow of information </li></ul></ul></ul>