Risk management plan:

A. Weakness of business :
In our project there is risk when we sell fish to our customer. If we don’t reach our customer in
time there create a risk for our product. On the other hand sometimes its harmful for our
business if we will not manage feed in proper time. If we cannot produce more we cannot
deliver to our customer according to their need. Maintaining customers need of variety of fishes
is another risk .These are basically different types of risk we will face in our business.
B. New technologies :
1.Hardware / software :Supply chain constraints could lead to delay in product launches. It is
also tough to run project on full production while reopening.
2.IT service : Most business do not have a tech stack in place for reliable business continuity
plan. (BCP)
Semiconductors : Delay in raw material supply due to supply chain disruption. Shortage of
components ,creating choke points at board and system manufacturing .Risk of geographical
concentration lack of resilency.
We can evaluate the value chain and find the strategies to mitigate and minimize the
disruption. Drive technology adoption and innovation to support the future events.
C. Contingency Plan
1. Steps to change the appearance with decoration can be helpful to prevent the risk
2. We can store our fish to serve customer in future by freezing .
3. The proper production storage should be stored for emergency or weather risks. For
pandemic situation, communication with such workers who can work in any condition can
prevent this risk.
4. Proper safety preparation should be planned for the pandemic situation