Running head: CASE STUDY 3 1

GRADUATE CERTIFICATE IN PROJECT MANAGEMENT

PCM115- PROJECT SCHEDULE AND COST CONTROL

MANAGEMENT

TOPIC: THE BACK-TO-SCHOOL CRUNCH AT GLOBAL

GREEN BOOKS PUBLISHING

SUBMITTED TO- PROF. ABHIJEET KUMAR SINGH

GROUP ASSIGNMENT

SUBMITTED BY- JASPREET KAUR (A00134620)

ARSHDEEP KAUR (A00134651)

DATE- 7th DECEMBER 2021

CASE STUDY 3 2

Q1. What risks can you identify? Why are they a risk to Global Green Books Publishing?

Ans. Green Books, a global publishing company, is facing some challenges that could jeopardize

its growth. After reading this case we identify the following risks which are associated with

Global Green Books Publishing:

1. PLANNING: Planning is however one threat. The organization still hadn't preplanned for

the project at hand, which is why they were met with so many hurdles from several divisions.

One such risk could damage the publishing group ongoing employment with the customer for

whom the work was inadequately handled.

2. LACK OF REFFERALS: Absence of recommendations and excellent rankings from

certain dissatisfied customers may result in the publisher missing out on great chances that

would have resulted in significant earnings.

3. ISSUES IN CONTRACTS: Contracts are also a sort of risk that might occur when issues

arise that were not addressed in the contract. Some trainers in Global Green were late in

submitting their instructional materials, putting the media's operations at danger. If not

addressed, such a vulnerability may cause one entity to suffer because of the other.

4. LACK OF EMPLOYEES: Another danger highlighted in the company is worker tiredness,

with some employees quitting. Because the firm was understaffed, employees at Global

Green were overworked. As a result, people were forced to work long hours without proper

rest, and some were unable to cope with the conditions and decided to leave the company.

Employee output suffers as a result of overworking, and the firm's rate of production suffers

as a result.

Q2. What kind of impacts does each of your identified risks have? Can you categorize these

as low impact, medium impact, or high impact?

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Ans. IMPACTS OF RISKS ON PUBLISHING FIRM: Each of the identified hazards has a

different impact on the publishing company, with some having a large impact and others having a

medium or low impact.

1. HIGHLY IMPACTED RISKS: In the category of highly impacted risks poor planning is

included as poor planning has a significant impact on the publishing company because it is

one of the fastest ways for the company to close. When work is not managed properly, the

customer loses faith in the publisher to provide quality work in the future, and when the

publisher doesn't have enough work to pay all the costs and make a profit, the business is on

the edge of closing.

2. MEDIUM IMPACTED RISKS: Contract risks stemming from concerns that arise as the

contract advances have a medium influence on the publisher. This suggests that the impacts

are neither too high nor excessively low, but they are nevertheless felt. This occurs mostly

because there are channels for arbitration proceedings during contracts, and the client can

meet with the publisher to discuss how to handle issues emerging from work that has been

completed but was not included in the contract agreements. As a result, both sides come to an

agreement, and the problem is quickly resolved.

3. LOW IMPACTED RISKS: Worker weariness, on the other hand, has a minor influence on

the publisher because new staff can readily be hired to replace the weary ones. Employees

are also aware that if they show their bosses that they are fatigued, they risk being fired, even

though they do not have another employment.

Q3. How probable are each of your identified risks? You can think about something simple

like categorizing these as not very likely, likely, and highly likely to occur.
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Ans. As per our perspective all the identified risks can be categorized in the following manner

for showing their occurrence as likely, not very likely and highly likely:

1. HIGH LIKELY- PLANNING FAILURE: When a company is working with huge projects,

failures in planning are more likely to occur. The management of the Global Green Books

publisher did not plan for any work that the various educational departments might delay.

They also failed to adequately plan for the quantity of personnel they would require and the

time they would work with them, allowing them to relax their thoughts.

2. LIKELY- CONTRACT ISSUES: Issues deriving from contract documents are also likely

to arise, though not always. Some contracts are simple to follow since no details are left out,

but others, like Global Green, may contain omissions that cost the contractor money. The

deadline for trainers to submit materials and the addition of a charge for any trainer who

submits their work late are examples of such omissions. This is intended to deter delayed

contributions while also ensuring that the deal operates properly and on deadline.

3. NOT VERY LIKELY- EMPLOYEE TIREDNESS: Employee fatigue is unlikely to arise

since no one wants to expose their weakness because it could result in them losing their job.

Even though employees grumble about having little time to relax, most of them take use of

that time to thoroughly relax before returning to work and doing their obligations.

Q4. What would you advise Global Green Books are their three most critical risks?

Ans. We will advise that Global Green Books are facing most critical risks are mentioned below:

Bad planning of the job to be done, poor planning in handling the employees, and poor planning

in listening to their problems are the three most serious hazards that Global Green Books faces.

1.POOR PLANNING: Inadequate planning is also included in the area of highly affected risks

since it has a major impact on the publications firm because it is one of the fastest ways for the
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company to close. Whenever work is not effectively handled, the buyer lacks faith in the author's

ability to produce quality work in the future, and when the publisher doesn't have enough work

to cover all costs and make a profit, the business is on the verge of shutting down.

2.POOR PLANNING IN HANDLING EMOPLOYEES: The second most critical risk faced

by Publishing company is that they do not have any proper measures or strategies to handle the

employees of firm because company is suffering with lack of employees which increase the

burden of work on remaining employees and enhance their working hours.

3.POOR PLANNING IN LISTENING EMPLOYEE’S ISSUES: The third danger that the

Global Green publishing firm faces is employee tiredness, which has a direct influence on the

company. These workers have expressed their dissatisfaction with management, but nothing has

been done, resulting in delays in all the company's departments.

Other dangers arise when the client's job is done under contract, and most of the time, these

contracts do not cover both parties equally. One party is frequently left out of the equation, and

each party must guarantee that their interests are addressed in the contract.

Q5. What would you suggest that they do about these three risks? Are there specific actions

to deal with these risks. Have you identified a contingency plan to carry out if the risk?

occurs?

Ans. These dangers, in our opinion, should be addressed one at a time. There are following ways

to overcome these risks and for successful development of Global Green Books Publishing-

1. CONDUCT A MEETING: The publishing firm's management should convene a meeting in

which the project manager should identify the risks, and the management should assess the

risk and determine the best procedures to resolve these difficulties.

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2. ADOPT ADEQUATE PLANNING METHODS: On the planning risk, management

should request all pertinent information from the client in order to support adequate planning

and ensure that the contract runs well from start to finish.

3. HIRE MORE AND SKILLED EMPLOYEES: Whenever this risk arises, management

should hire more staff on a temporary basis to help with the work. Working with skilled

employees is also recommended because their experience allows the work to be done

quickly.

4. COMPLY CONTRACT PROVISIONS: Also, anytime a contract is signed, each side must

adhere to the contract's provisions, ensuring that the job proceeds smoothly and without

complaint. The commitment to the agreement will provide ample space for the job to be

completed. When such a danger arises, both parties are expected to participate in the

arbitration process and come up with a solution. If the parties are unable to achieve an

agreement, they should obtain legal advice to interpret the contract.

5. HARMONIZED WORKING ENVIRONMENT: Employee fatigue caused by

overworking should also be addressed, and a solution to the problem identified. The

management of the publishing company should ensure that its staff are happy and give

opportunities for them to vent their issues without fear of retaliation. Employees should also

be offered vacation time and work in a setting that allows them to relax. If this risk arises, the

employer should give certain employees time off to allow them to calm down before

returning to work.