Risk Management Paper

In: Computers and Technology

Submitted By Kaytom
Words 2141
Pages 9
Risk Analysis Register for Revedo Manufacturing Inc.
By:
Kayode Y. Tomoloju
Course: Risk management/JIT 2
Task A
Western Governors University
Course Mentor: Susan Skinner
March 3, 2015

Creating Risk Register for Revedo

Manufacturing

Inc.

Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* | Risk OneEarthquake Due to the frequency of occurrence of earthquake in California and China, the China plant of Revedo Manufacturing Inc. could witness such disaster. – Global Risk | Chances are that earthquake could occur in China location of Revedo Manufacturing Inc. plant. This type of natural disaster is uncontrollable and will of course affect productivity and projected profit of the organization. | The entire organization stakeholders.Management, employees, trade contractors, customers, environmental group and localResident. | ( See explanation below) | HighEven though Earthquake often occurs in China, The likelihood of occurrence in in China plant is remains at medium. This is because there is historical fact that it has severe impact in the area the plant is located. | HighThe effect of EarthquakeThe companyOffice in San Jose And ChinaIs absolutelyA high severity.This is because properties will be lost,Production Will be affected, data will be destroyed and this act will definitely Lead to loss of Revenue. | HighBack up technologicaltools in remote location. Put in place effective disaster recovery program. Most important the company insure properties, machinery, and every infrastructureagainst any type of naturaldisaster. This of course, willminimize loss. | Risk TwoRevedo as a multi-national plastic injection manufacturing organization, with one of its three plants in Hangzhou in China is of course subject to Cultural difference risk. Such risk will be more related to coordination between…...

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