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Risks and Mitigation• Knowledge management:
High attrition rate in the computer services Lot of key information about the system is lost High impact considering the dependency on the IT systems
• Strategy to Mitigate: Stress on documentation Build a knowledge repository of the system Devise a formal process of handover Formulate HR policies which encourage employee retention
Risks and MitigationRisk to the computer room and the media store:
They are next to the Boiler room Incase of a boiler explosion severe damage could be
caused Loss of entire data in case of a disaster like flood
• Strategy to mitigate: Change the architecture and move computer rooms to
a different location Encase the boiler room properly Schedule an off-site back up of the data
Risks and MitigationRisk of polluting the river:
The waste of the plant might pollute the river This could lead to legal issues
Strategies to mitigate: Comply with the pollution norms Ensure that the waste is dumped far off from the site
Theft / Vandalism : The computer center is Glass encased High risk of Vandalism due to proximity to the
Detention centerStrategies to mitigate:
Invest in the security of the computer center
Risks and MitigationOverhead Railway power lines:
Interference in communication Risk of electrical mishaps
Strategies to mitigate: Identify appropriate frequency for communication Make sure the building has proper earthing to protect
from electrical mishapsJust In Time Inventory management:
Risk of a stock out Disruption of business in case of disaster
Strategies to mitigate: Have buffer stock Invest in better forecasting systems
Risks and MitigationDial-up connection:
Risk of loss of connectivity Impact to business operations Security threat
Strategies to mitigate: Upgrade to Broadband connectivity Identify back ups in case of a connectivity failure Implement stringent security mechanisms
Peak customers outside working hours: Risk to the business operations due to lack of support High priority orders might get delayed
Strategies to mitigate: Change the working hours for the support staff Invest in IVR systems for support
Risks and MitigationPlastic bullets to unpopular elements:
Could degrade the reputation of the company Many legal issues might arise
Strategies to mitigate: Manufacture the bullets at a separate factory Comply with all the legal aspects
Old Machinery: Risk to the personnel working Risk to business operations due to malfunction Quality of output might get affected
Strategies to mitigate: Upgrade to new machinery Invest in the maintenance of the old machinery
Risks and MitigationClash of Egos:
No proper alignment between business unit heads Overbearing character of logistics director Risk of various power centers developing
Strategies to mitigate: Ensure free flow of information
Microsoft Office Excel 97-2003 Worksheet