StudyXY
RegisterLog in

Risk Management Strategy for Riordan Manufacturing�s Supervisor Training Project: Analysis and Recommendations

A risk management assignment analyzing training project strategies for Riordan Manufacturing.

Ethan Wilson
Contributor
4.9
42
5 months ago
Preview (4 of 11 Pages)
100%
Purchase to unlock

Page 1

Risk Management Strategy for Riordan Manufacturing�s Supervisor Training Project: Analysis and Recommendations - Page 1 preview image

Loading page image...

Running Head:Risk Management Plan1Risk Management PlanNameCourse NameInstitutional AffiliationDateRiordan Manufacturing has identified the need for a Supervisor Training project to address lowemployee morale and high attrition rates. The company has adopted a riskmanagement strategy for theproject to minimize these issues. In a well-structured essay (750–1000 words), critically analyze the riskmanagement approach adopted by Riordan Manufacturing for the Supervisor Training project. Discussthe key elements of the risk management process, including risk identification, risk analysis, and riskresponse strategies. Compare this approach with two real-world risk management techniques, such asthe Risk Event Card and Root Cause Analysis techniques. Finally, provide recommendations forenhancing Riordan Manufacturing's risk management strategy based on your analysis.

Page 2

Risk Management Strategy for Riordan Manufacturing�s Supervisor Training Project: Analysis and Recommendations - Page 2 preview image

Loading page image...

Page 3

Risk Management Strategy for Riordan Manufacturing�s Supervisor Training Project: Analysis and Recommendations - Page 3 preview image

Loading page image...

Risk Management Plan2

Page 4

Risk Management Strategy for Riordan Manufacturing�s Supervisor Training Project: Analysis and Recommendations - Page 4 preview image

Loading page image...

Risk Management Plan3Executive SummaryRiordan Manufacturing has discovered a disturbing trend that has indicated that many ofthe employees are dissatisfied with immediate supervisors, department managers and localexecutive managers, who have failed to communicate and supervise in a professional manner.This has resulted in high attrition rate among employees and low employee morale.It has beenobserved that thelow employee morale has adversely affected productivity of the employees andproduct quality.In order to improve the employee retention rateand employee morale, RiordanManufacturing Supervisor Training project has been identified by theorganization.The present paperdiscusses the Risk Management Plan adopted for the SupervisorTraining project and compares it against two real world risk management plans adopted byorganizations.Project SummaryThe Riordan Manufacturing Supervisor Training projecthas been identified to addressthe low employee retention rate faced by the organization.Hence the project would focus first ondetermining the reasons for high attrition rate of the company. In the next stage the project willdevelop a training programfor supervisorsand employees, approved by the top management, toimprove the employee morale,to educate the supervisors on theimportance of supervisor-subordinate relationship inthe success of an organization andbest practices across industries.Finallythe project team willprepare a report for the top management on thesteps to be taken toaddress the high attrition ratelike compensation policies, career progression plan, fast trackleadership programs, 360 degree feedbacketc.
Preview Mode

This document has 11 pages. Sign in to access the full document!

Study Now!

XY-Copilot AI
Unlimited Access
Secure Payment
Instant Access
24/7 Support
Document Chat

Document Details

Subject
Business Management

Related Documents

View all
Solved Assignments

CIS 337 Unit 7 Assignment Final Project Part IV Pr

CIS 337 final project presentation for stakeholders outlining a WAN proposal for a growing organization. Covers network planning, topology, security, and connectivity to support national and international expansion.

Class Notes

Analysis of Leadership in Monster Inc

In Monsters, Inc., leaders reflect Path-Goal Theory: Sulley shifts from supportive to achievement-oriented, while Waternoose is directive—each showing strengths, flaws, and growth paths.

Class Presentation

Evaluation of Alphabet's Mission, Vision, and 8-29

Alphabet Inc.'s mission is to organize the world's information and make it universally accessible and useful . Their vision is to create a future where technology improves lives and solves global challenges.

Class Notes

Boundless Management

Global corporations (MNCs) operate in multiple countries, using economies of scale and scope to grow revenue and cut costs. They face challenges like ethics and leadership while targeting fast-growing markets such as China and India.

Solved Assignments

Uncovering the Martha Stewart Tax Scandal Insider

Summary of Martha Stewart's insider trading and tax evasion scandal involving ImClone stock in 2001. She was convicted of conspiracy, obstruction, lying, and failing to pay \$220K in taxes on her NY home.

Class Notes

Boundless Business

Learn about the three key management levels—top, middle, and low—in a business hierarchy. Understand their roles, responsibilities, and how they work together to lead, plan, and supervise within an organization.

Solved Assignments

JetBlue Airlines Case Analysis

JetBlue Airlines case study analyzing market forces, competition, and strategy using Mullin's framework, Porter's Five Forces, PESTEL, VRIO, and Business Model Canvas for strategic insights.

Class Notes

Effective Speaker Notes Template for BUS 210 Prese

Presentation outlines SNHU Pet Supply’s mission to provide quality pet products and emphasizes informal leadership to foster a positive work environment and achieve company goals.

Class Notes

Leading as a Function of Management

Explore the essential management function of leading—learn how motivation, communication, decision-making, and coaching drive team success and organizational growth through effective leadership strategies.

Class Notes

McDonald's Q4 Earnings U

McDonald's U.S. sales fell 1.4% in Q4 due to lower customer spending and an E. coli outbreak. Despite this, strong international performance and global expansion plans lifted shares 4.8%, making McDonald's the top Dow performer on the day.