Innovative Business Solutions RM

8/3/2019 Innovative Business Solutions RM

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Innovative Business Solutions

Risk Management


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Environmental Enterprise Factors

IBS Stake holders (SANI) is very flexible and supportive in dealing

with Risk at any level or phase of project.

SANI always show participative behavior with maximum

involvement in the issues or problems.

Each and every possible help is carried out by defined IBS SOPs

The tolerance of the execution depend upon the nature of theproblem and its proposed solution


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IBS Process Assets

IBS defined strategic planning tools

Creative, innovative thinking Group people of defined project team

Collaboration and integration take place between differentdepartments

Previous similar projects outcomes, obstacles are reviewed and

taken in special consideration

IBS defined standard and Policies in dealing with risks and issues

are covered under IBS SOP documents and IBS standard code of

implementation


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Methods & Approach in Managing Risk

IBS Risk Management standards are based on ISO31000.

IBS focused on coordinated and economical application ofresources to minimize, monitor, and control the probability and/orimpact of unfortunate events

IBS has defined method of managing risk i.e. contingency planning,making use of existing assets, PM metrics (STCQ),PM risk analysissoftware etc

IBS work on approaches like incorporating stake holder perceptionsof risk into corporate risk management strategies

IBS is currently working on Catastrophe Approach of managing risk


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IBS Risk Identification in Budgeting

Risk Significance Level

Exceeding allocated Capital High 5

Real Estate value rise High 5

Negotiation to Owner Fail Moderate 3

Rise in Contractor fees High 5

Rise in Construction Material pricing High 5

Machine failure High 4

Transportation expense Moderate 3.5

Rise in Labor Hour rate High 5

Shortage of Material High 5

Air conditioning failure Moderate 3


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Rain will affect badly the Walls Moderate 3

Improper drainage system Moderate-High 4.5

Rise in installation expense High 5

Less Experienced labor recruited Moderate 5

Rise in demand of labor High 5

Delay of working Moderate 4

Un favorable situation Moderate 4

Labor Strike High 5

Safety Measures High 4.5

Making parallel Application High 4.7

Undefined methods of procedures High 5


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Extra involvement of Government Low 1

Misunderstanding b/w team Moderate-High 4.5

Different style of working Moderate 5

Risk in selection criteria High 5

Diverse knowledge level Moderate to High 5

Autocratic decision Making High 4.7

Highly Complex approach High 5

Improper defined Scope High 5

Un revised HR policies Moderate 3.8

Untimely resource allocation Moderate to High 4.6

System N/W failure High 4.5


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Power Failure High 5

Cable Cutting faults Moderate-High 4.6

DB installation Moderate 3.8

Random Error Arrival Moderate 4.5

Complex design & Development Methods Moderate to High 5

Sudden Telecom N/W down Low-Moderate 3.5

S/W Compatibility issue Moderate 4.6

Increase demand of customer High 5

Competitor Position Moderate to High 4.5

Crashing project activities Moderate to High 4.6

Scheduling and Budgeting Inefficiency High 5


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Risk ConsiderationRisk Area/Activity Effect on SCTQ

Exceeding allocated Capital Finance Cost , Scope

Real Estate value rise Construction Cost

Negotiation to Owner Fail Purchasing Flats Cost

Rise in Contractor fees Purchasing Flats Cost

Rise in Construction Material pricing Construction Cost

Machine failure Construction Cost, Time

Transportation expense Construction

renovation

Cost

Rise in Labor Hour rate Construction Cost , Time

Shortage of Material Services,

Construction

Cost Time

Air conditioning failure Renovation Cost


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Risk Area/Activity Effect on SCTQ

Rain will affect badly the Walls Renovation Cost Quality

Improper drainage system Renovation Cost Quality

Rise in installation expense Safety Measures Cost

Less Experienced labor recruited Construction Time Quality

Scope Cost

Rise in demand of labor Construction Cost

Delay of working Renovation,

Construction,

Services

Time Scope

Un favorable situation All Time Scope

Labor Strike Construction Time Cost

Safety Measures Production,

Construction

Cost

Making parallel Application Deliverables SCTQ

Undefined methods of procedures IBS Plan SCTQ


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Risk Area/ Activity Effect on SCTQ

Extra involvement of Government IBS Charter ---

Misunderstanding b/w team Project LifeCycle

SCTQ

Different style of working Project Life SCTQ

Risk in selection criteria HR Time Quality

Cost

Diverse knowledge level Project Execution Time QualityScope

Autocratic decision Making Project Life

Cycle

Time Scope

Quality

Highly Complex approach Production SCTQ

Improper defined Scope Project Life SCTQ

Un revised HR policies HR Quality

Untimely resource allocation Execution Time Cost

System N/W failure Deployment Time Quality


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Risk Area/ Activity Effect on SCTQ

Power Failure Development,

maintenance

Time quality

Cable Cutting faults Maintenance Time Cost

DB installation Deployment Time quality

Random Error Arrival Development

Testing

Time Quality

Complex design & Development Methods Project Life SCTQ

Sudden Telecom N/W down Deployment Time Quality

S/W Compatibility issue Deployment Quality Time

Increase demand of customer Acceptance SCTQ

Competitor Position General SCTQ

Crashing project activities Execution,

Planning

Time quality

Cost

Scheduling and Budgeting Inefficiency IBS MP SCTQ


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IBS Risk ResponsibilitiesRisk Area/Activity Prioritization Responsibility

Exceeding allocated

Capital

Finance 1 Sr. Finance Manager

Real Estate value rise Construction 1 Sr. Secretary of IBS

Negotiation to Owner

Fail

Purchasing

Flats

2 Sr. Secretary of IBS

Rise in Contractor

fees

Purchasing

Flats

2 Sr. Finance Manager

Rise in Construction

Material pricing

Construction 1 Sr. HR and Finance

Manager

Machine failure Construction 1 HR Manager

Transportation

expense

Construction

renovation

3 HR and Finance

Manager

Rise in Labor Hour

rate

Construction 1 HR Manager

Shortage of Material Services,

Construction

1 HR and Finance

Manager

Air conditioning

failure

Renovation 4 HR Manager


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Risk Area/Activity Responsibility Priority

Rain will affect badly the

Walls

Renovation Maintenance

staff

4

Improper drainage system Renovation Maintenance 2

Rise in installation expense Safety Measures Finance and IT 2

Less Experienced labor

recruited

Construction HR 1

Rise in demand of labor Construction HR 1


Construction, Services

HR 1

Un favorable situation All All 1

Labor Strike Construction HR 2

Safety Measures Production,

Construction

IT, Development 3

Making parallel

Application

Deliverables PM 2

Undefined methods of

procedures

IBS Plan Project Manager 1


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Risk Area/

Activity

Responsibility Priority

Extra involvement of

Government

IBS Charter Stake Holders 5

Misunderstanding b/w team Project LifeCycle Project manager, Team Lead 2

Different style of working Project Life Project Manager 1

Risk in selection criteria HR Sr. Hr Manager 2

Diverse knowledge level Project

Execution

Project Manager 2


Cycle

Project Manager 1

Highly Complex approach Production Project Team 1

Improper defined Scope Project Life Project Team 1

Un revised HR policies HR Sr. HR Manager 3

Untimely resource allocation Execution HR Manager 2

System N/W failure Deployment Maintenance Support 3


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Risk Area/ Activity Responsibility Priority


maintenance

Support Maintenance 1

Cable Cutting faults Maintenance Support Maintenance 2

DB installation Deployment Deplorer 3

Random Error Arrival Development

Testing

Tester 2

Complex design &

Development Methods

Project Life Project Manager 1

Sudden Telecom N/W down Deployment Support 2

S/W Compatibility issue Deployment Deployment 1

Increase demand of customer Acceptance S &M Manager 1

Competitor Position General S&M Manager 1

Crashing project activities Execution,

Planning

Project Manager 1

Scheduling and Budgeting

Inefficiency

IBS MP Project Team 1


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IBS Risks StrategyRisk Area/Activity Strategy

Exceeding allocated Capital Finance Decrease demand , Increase

revenues

Real Estate value rise Construction Stick to reasonable possible Value

Negotiation to Owner Fail Purchasing Flats Try another Owner

Rise in Contractor fees Purchasing Flats Negotiate on reasonable fee

Rise in Construction Material

pricing

Construction Un handled

Machine failure Construction Make backup machinery work

Transportation expense Construction renovation Un handled

Rise in Labor Hour rate Construction Proper channeled Negotiations

Shortage of Material Services, Construction Keep stock of material

Air conditioning failure Renovation Make use of Guarantee card or

reasonable servicing


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Risk Area/Activity Strategy

Rain will affect badly the Walls and

blinds

Renovation Use Plastic blinds and water

proof Paint

Improper drainage system Renovation Reconsider the architect design

and immediate action

Rise in installation expense Safety Measures Bargaining, reduce unnecessary

services charges

Less Experienced labor recruited Construction Carefully hired labor

Rise in demand of labor Construction Calming down with acceptance

of reasonable demand


Construction, Services

Keep strong check

Un favorable situation All Take extra time to face

Labor Strike Construction Negotiate and accept some points

Safety Measures Production, Construction Acquire and ensure safety

measures

Making parallel Application Deliverables Make 1 obj. with multiple

deliverables

Undefined methods of procedures IBS Plan Work on IBS defined method

history learned


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Risk Area/ Activity Strategy

Extra involvement of Government IBS Charter ------

Misunderstanding b/w team Project Life

Cycle

Do conflict Management

Different style of working Project Life Align each and every styled o/p

Risk in selection criteria HR Make tough selection criteria

Diverse knowledge level Project Execution Organize training workshops


Cycle

Make participative DM

Highly Complex approach Production Apply and encourage simple

approach

Improper defined Scope Project Life Try to clear objective and level of

working

Un revised HR policies HR Revised the old HR policies

Untimely resource allocation Execution Make use of Pert chart

System N/W failure Deployment Make backup N/W Plan


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Risk Area/ Activity Strategy


maintenance

Use stand by generator or batteries

Cable Cutting faults Maintenance Keep spare cable duringdeployment

DB installation Deployment Use Licensed S/W and Suite

Random Error Arrival Development Testing Keep on testing the code at every

stage

Complex design & DevelopmentMethods Project Life Use simple approach and AgileMethod

Sudden Telecom N/W down Deployment Wait complain then shift

S/W Compatibility issue Deployment Check compatibility of systems

before deployment

Increase demand of customer Acceptance Do customer surveys, analysis

Competitor Position General Look at their steps and strategies

Crashing project activities Execution, Planning Do proper planning and consider

each parameter

Scheduling and Budgeting Inefficiency IBS MP Apply Pert chart and PDM

properly

Documents

Innovative Business Solutions RM