Operational Management of Risk - Essay Example

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Operational Management of Risk

The essay "Operational Management of Risk" talks about the case study on the East Coast Aviation Service Company situated in Wales. The main focus of the study is to work out the specific queries on the risk identification techniques, risk analysis and the risk treatment approaches.Any project is required to be managed through a well structured hierarchy & reporting results to work out problems in processes & project performance tracking to categorizing them in problems & solution sets for in all cases that would be easy for review & changes too in later time for implementation of new plans & strategies. Following is a stake holder hierarchy that I think will work in automating the processes. A project manager lead responsible for management of all the undergoing project’s solutions, & performance tracking to help technical member/engineers to concentrate more on technical side development, instead of increasing their over heads of managing all of the things that will not work for sure. Every person should have only that much burden & responsibilities that he/she could manage, else, may result in increased attrition & depreciation of employer’s image in employee cadre & further consideration for career development. This hierarchy will enable the communication in cross functional hierarchies across the organization & provide an ease to handle the process implementation. The communication approach may differ on the basis of the situations. ...
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Summary

This essay talks about the case study on the East Coast Aviation Service Company situated in Wales. The main focus of the study is to work out the specific queries on the risk identification techniques, risk analysis and the risk treatment approaches…
Author : ondrickapat

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