After going through the case study,following are some risk that the project will face from
starting to end of production-:
1. Technology & Performance Risk-:
Proper design improvement plan for the modification-Failure of last six modification as mentioned.. Use of new tools for the modification-Seventh design modification plan to implement. Avoidance of any obsolete technology leading to failure of the new improvement plan-May be the reason behind failure of last six un successful modifications.. Quality of materials need to be checked before implementation of the new modification plan. 2. Human resource &Social Risk-: Leadership-: assembly manager’s leadership quality is not up to the mark. Low productivity or engagement-:Low engagement of assembly manager leading to erratic commitment date. Lack of brainstorming session to arrive in a decision. Lack of updating risk register. Inadequate training to workforce.
3.Compliance Risk-:
Business specific compliance-:Fear of meeting prescribed quality standard
Warranty & product liability-:Fear of crack in the bolt leading to major defect.
4.Policies & market Risk-:
Government policies-:Stringent policies regarding purchase procedure inline
with govt. guidelines. Sanction-:Fear of not exceeding sanction amount. Loss of reputation-:result out of modification directly linked with reputation.
5. Financial & commercial risk-:
Proprietary supplier-:Bolt purchase from OEM
Partnership & joint venture-:Manufacturing the bolt Liquidity-:In manufacturing process and technology development.
6. Management & organizational Risk-:
Organizational structure-: leadership and sharing of information across
different levels Sites/facilities-:facilities required for inhouse manufacturing or upgradation Delegation of power-: Comes with leadership and sharing of technology and train the workforce. Communication-sharing of information