Project Risk Management Essay Example for Free

Project Risk Management Essay I.Introduction I am the Project Manager developing the Boeing 787 Dreamliner. The development of this state-of-the-art airplane will include an international team of aerospace companies led by Boeing. The advances in this airplane will reduce the use of fuel by 20%, increase cargo capacity, increase nautical miles in a mid-range airplane, and improve passenger comfort. Boeing expects sales of 3,500 units over the next 20 years. (Norris Wagner, 2009) To really understand the impact of multiple providers, along with the logistics to coordinate assembly, I will illustrate, discuss, and provide a conclusion using two decision tree analyses. The first fault tree will detail the delivery system and identify the failure that could result in delivery failure. The second fault tree details the lack of labor to assemble the airplane. Both pose results that have the potential to financially impact the project. The fault tree diagram will provide a visual representation of the risk and help analyze the cause by looking backwards to identify the root cause. II.Fault Tree One III.Discussion of Fault Tree One There are over 40 Companies/Business Units contributing to the success of developing the 787 Dreamliner. Nine of the Companies/Business Units are located outside of the United States. Given these two elements alone there are a number of faults that could cause the final assembly and completion date to be impacted. The first probable cause for missing the completion date is the supply chain. The supply chain flow ensures the material is available according to the inventory levels to continue building. Supply chain push systems help keep inventory levels set according to contractual agreements. When the quality throughput of the component is less than 95%, the demand is increased. Quality measures are in place to alert the supplier when the throughput is less than 95% as desired but additional demands with reduced quality requirements keep the supplier from delivering. Original plans called for specific manufactured items for each component yet the supplier elected to use a less expensive alternative which isn’t meeting quality requirements. To help mitigate the supplier risks, determine the supplier’s attitude to safety, quality, and environmental aspects to delivering components. Another treatment would be to appoint an onsite supplier liaison manager responsible for signing off on any supplier and/or design changes. It would also be helpful to have back to back contracts with sub-contractors. IV.Fault Tree Two V.Discussion of Fault Tree Two In the second fault tree I illustrated the impact of labor on the delivery of the 787 Dreamliner. The labor to assemble the airplane components at the Boeing facility in Everett is critical to ensure the on-time delivery of the airplane. The union labor to assemble the Dreamliner is under contract review, the contract will expire two months prior to the first assembly. The expiration of the machinist contract and failure to arrive at a new mutually acceptable contract would lead to a possible strike. Discussion between the labor union and the company would be required to mediate the dispute. The lack of a compromise would cause a significant impact on the scheduled completion date. However, negotiations to resolve this dispute are required to ensure employees feel fairly compensated and do not walk out during assembly. The use of risk treatment should provide a minimum of efficient operation of the organization, internal controls, and compliance with the laws and regulations. To assist with labor treatment risk, re-allocate internal staff and cross train non-union members to complete the assembly of the airplane. Assess the technical skills required, develop a skill requirement profile for assembly, and identify other critical skills required for replacement. Treatment could also include the establishment and maintenance of an internal/external skill profile of current, previous, and potential employees to assist should a labor strike occur. VI.Conclusions Above I only identified one risk analysis technique however there are many others available. Many are qualitative and don’t show the dependencies between events. The tree technique I used above takes into consideration the logical combination of causes that contribute to the identified failed event. The fault tree technique brings sufficient understanding to the nature of the failure and how to manage the failed event(s). Fault tree one helped me identify that an onsite supplier liaison manager would have eliminated the failure along with standard work, forms and signatures to authorize such changes to the bill of material for the component. Similarly, fault tree two identified adequate compensation as the root cause of the delivery/labor failure. Treatment of the risk could have included managing the risk earlier in the contract and/or establishing a contract bridge or extension to avoid a strike. VII.Works cited Cortez, A. (2010). The complete idiots guide to risk management. New York, NY: Penguin Group. Fraser, J., Simkins, B. (2010). Enterprise risk management. Hoboken, NJ: John Wiley Sons, Inc. Kerzer, H. (2011). Project management metrics, kpis, and dashboards. Hoboken, NJ: John Wiley Sons, Inc. Norris, G., Wagner, M. (2009). Boeing 787 dreamliner. Minneapolis, MN: Zenith Press. Schuyler, J. (2010). Risk and decision analysis in projects. (2 ed.). Newtown Square, PA: Project Management Institute, Inc. Turner, A. (2011). The birth of the 787 dreamliner. Kansas City: Andrews McMeel Publishing.

The Affliction in the Middle Ages :: Diseases Medical Health Essays

The Affliction in the Middle Ages Disease and death are most often associated with the Middle Ages because of the widespread plagues and ignorance of medical knowledge during that time period. It is difficult, however, to ascertain the true nature of illness in the early Medieval Ages because in some written sources, the author’s standpoint distorts the presentation of the disease or cause of a person’s death so that the biological cause is skewed and unattainable. Gregory of Tours, for example, writes about two priests of Sidonius Apollinaris who rebelled against him. Both of these priests died very close to the same time of Sidonius’ death. The first priest died while in the lavatory and the second priest died while listening to a servant’s vision. For the causes of both deaths Gregory gives the credit to God, saying â€Å"the Lord passed this earthly judgement on those two unruly priests† (135). Details about the deaths are not given, but according to Gregory, they are irrelevant because the deaths were acts from God. For the first priest, he writes, â€Å"he went off to the lavatory and while he was occupied in emptying his bowels he lost his soul instead† (134). Moreover, he compared the death to that of Arius’, who was considered a heretic and â€Å"in the same way emptied out his entrails through his back passage in the lavatory,† which signifies that Gregory thinks both men died due to heresy ag ainst God (134). Gregory even says that â€Å"God in his clemency did not permit this insult to go long unpunished† (134). It is evident that the affliction, according to Gregory, is due to God’s hand. Gregory is writing from a Christian standpoint and is a bishop who greatly admired Sidonius, described here as â€Å"saintly† and an â€Å"angel†. Gregory’s agenda is such that he would want to publicize the sins of Sidonius’ enemies while also glorifying God. This may lead him to give transcendent causation for the deaths of these priests. Since the priests and Sidonius died at around the same time, one would think that there is a possibility that they could have died from the same kind of illness. Also, since Arius and the first priest both died while emptying their bowels, it is not entirely improbable that they had been suffering from some type of intestinal or digestive disease that may have been prevalent in the time period.

I Just Wanted to Know About the Present Trends in Housekeeping Department

PRESENT TRENDS IN HOUSKEEPING DEPARTMENT Accommodation Management Staffing The housekeeping department of a hotel is responsible for ‘cleanliness, maintenance, aesthetic upkeep of rooms, public areas, back areas and surroundings. ’ The department is not always given the respect it is due in terms of work load, the size of which can be estimated by the fact the department often employs the largest workforce.There are a variety of areas the housekeeping department must manage, the following table taken from Hotel Housekeeping Operations and Management depicts the housekeeping department’s span of control: Front of House Areas Back of House Areas †¢ Guestrooms †¢ Corridors †¢ Lobbies and public restrooms †¢ Pool and patio areas †¢ Meeting rooms †¢ Dining rooms/restaurants †¢ Banquet halls †¢ Convention Halls †¢ Hotel-operated shops †¢ Games rooms / recreation rooms †¢ Exercise rooms / gymnasium †¢ Building e xterior †¢ Landscaping and gardens †¢ Management offices Storage areas †¢ Linen and sewing rooms †¢ Laundry room †¢ Employee locker rooms †¢ Administrative offices †¢ Cloak rooms †¢ Maid’s service room The diversity of areas controlled by the housekeeping department requires structured planning when delegating tasks to be undertaken. Developing an organizational structure is a process which deals with ‘identifying and grouping work’ and aims to ensure the department works as a unit, with clear lines of authority and good lines of communication and is essential for the smooth running of the department.A Schematic representation, known as an organizational chart, assists in defining roles and relationships within an organization, the following organizational chart has been created for a four star hotel with one hundred bedrooms. ‘Structure is the best way to channel employees’ efforts towards productive efforts ( O’Fallon et al, 2010). It is important to continually review an organizations structure to ensure the structure is aiding the attainment of the organizations goals and proving to be†¦

Human Resources Question †ECCO A/S †Global Value Chain Management - Free Essay Example

Sample details Pages: 4 Words: 1063 Downloads: 5 Date added: 2019/10/10 Did you like this example? ECCO is a leading Denmark based shoe manufacturers. The organization has been committed to delivering and distributing high quality shoes across the globe. However, the company has focused on producing high performance brands but neglected the marketing aspect. Don’t waste time! Our writers will create an original "Human Resources Question – ECCO A/S – Global Value Chain Management" essay for you Create order In an age where competitive advantage is the key to corporate success, it is imperative that ECCO designs a comprehensive marketing strategy that focuses on the Outside-In marketing approach instead of the traditional Inside-Out perspective. Previously, the management goals were to lower the cost while spreading the risks across the organization’s global supply chain. This paper is an outline of some of the strategy initiatives that the organization should adopt in the next one year going forward. In order to come up with a comprehensive strategy, it is useful to look at the integration of ECCO global value chain.   The value chain concept was can be viewed as a comprehensive framework for organizational management of the logistics and distribution of the brands to the market. The concept analyzes the various divisions involved in the value chain in order to create a competitive advantage. At ECCO, the value chain framework involves the following activities: The management of inventory or inbound logistics, the manufacturing and packaging processes, and the outbound logistics which essentially involves the transportation of the products to the intended markets. The other critical activity is sales and marketing which also includes customer support services. The sales and marketing activities at ECCO have not been very prominent. The organization lags behind competition in marketing, but to penetrate and sustain competiveness in the emerging markets, the company has to market the products more aggressively. By aggressive, it means multiple marketing activities that are meant to not only capture the attention of the consumers, but actively engage with them in order to get the essential feedback. Carrying out business operations in different cultures is challenging enough. The marketing activities recommended for ECCO include the following: To start with, ECCO has to engage professional marketing personnel who can competently lay marketing strategies. In this regard, there are several recruitment agencies that can be relied on to offer the recruitment or hiring services. The marketing approach should involve a global marketing campaign that highlights the company’s tagline â€Å"A perfect fit-a simple idea†. The company should design and implement a lifestyle-centered in-store promotional and merchandising experience. Additionally, the company should enable localized content production to support the promotional and marketing activities. Local content generation avoids the risks of misinterpretation of the messages which could not only affect sales but could also resistance among the consumers. The marketing activities should also focus on advertising the brands through celebrity endorsement. Such endorsement can be powerful given that the company is in the business of manufacturing sport shoes. There are many successful sportsmen and women who can elevate the brand image by associating the product with their sporting activities. Another marketing strategy should be the advertising in the print and electronic media. The advertisement can incorporate the celebrity endorsement. The social media has become a key channel for consumer engagement. The social media is fast, delivers the message to the targeted consumers, and equally gives quick feedback. The use of social media requires the company to set a website where the company can post information regarding the products as well as the marketing events the company may be carrying out in the various market segments. The social media site can also be used a venue for introducing new products. It can also be used to direct consumers to their nearest shop. Such a strategy helps the customers in saving time looking for the outlets. The company should also enter the e-commerce mode of selling. The online selling can easily be established in partnership with the dealers for easy delivery of the products. The idea is to make the purchases of the ECCO products to be as easy and effortless as possible. The online sales idea is supported by the fact that most consumers of the ECCO products are in the demographic that is aged below forty years and spends a lot of time online. Successful companies invest in customer service. ECCO likewise should invest in a customer service department in its global branches Beside the marketing activities, ECCO has to cater for the different cultural impacts it is likely to face. Consequently, the HR department has to design cultural programs for the personnel that will be posted to the different countries the company has a presence or is seeking to penetrate (Vogelsang, 2013). Many organizations have been unsuccessful in the emerging markets such as china because of poor understanding of the local cultures. It is therefore, important not only to train people in the diverse cultures but also to recruit local people who are knowledgeable with the cultural practices of the various markets (Heathfield, 2016).. The Chinese market, while being attractive, presents various problems. The differences between China and the western world are significant when considering the culture, administrative, as well as political distances. The Chinese culture, for instance demands that those companies that desire to enter the market should first understand the Chinese business practices (Vogelsang, 2013). Chinese businesses are operated on trust and for the trust to be established, the business partners should have had a relation for some time. Consequently, ECCO could consider seeking a Chinese business partner who is already established in the Chinese market. Such a market entry strategy will offer ECCO a foothold and an established business with the required cultural practices, respect, and trust. Although there are imitators of the ECCO brands in the Chinese market, an aggressive marketing campaign that emphasizes on the superior quality should override the cheap imitations. Suffice to say, ECCCO has to reinvent itself and adopt new and aggressive marketing strategies and platforms if it has to keep up with competition. The setting up of production plants across the globe may help in cutting down the cost of production, however, the twenty first century business practices demands that organizations engage more with the consumers through marketing activities. Towards that end, the company will adopt the given marketing activities while being sensitive to the different cultures of the emerging markets. Finally, the suggested marketing activities should be supported by the company globally since without the support of senior managers and the board of directors, the ideas are not likely to have any impact