a) Discuss three primary methods of risk identification that could be used as part of the risk management process. b) Identify the primary risks that would have to be analysed and discuss a suitable method for presentation to senior management.
a) Discuss three primary methods of risk identification that could be used as part of the risk management process. b) Identify the primary risks that would have to be analysed and discuss a suitable method for presentation to senior management.
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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Transcribed Image Text:SCENARIO TWO
0.
the merger are to reduce centre and support costs by combining these functions and
Increase market share by offering a wider range of courses and research expertise. The
overall merger process is being project managed by professional consultants. However,
you have been appointed as project manager for the technical merger of the two IT
systems. This process will be complex as the two systems have evolved in different ways
as a result of the different priorities and structures of the two universities.
The IT systems themselves provide a full range of support functions, covering everything
from payroll to student admissions. Both universities rely on their IT systems for virtually
all aspects of their operation. It is imperative that both IT systems remain fully operational
during the merger process. Any operational failures could result in significant disruption
to both universities.
REQUIRED
a) Discuss three primary methods of risk identification that could be used as part of
the risk management process.
b) Identify the primary risks that would have to be analysed and discuss a suitable-
method for presentation to senior management.
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