Riordan Manufacturing Employee Morale Project: Risk Management

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Running Head: EMPLOYEE MORALE IMPROVEMENT PROJECT

Risk Management Plan for Employee Morale Improvement Project

Table of Contents
1. Introduction.........................................................................................................3
2. Measures to Mitigate Project Risks.....................................................................3
3. Risk Management Plan........................................................................................4
4. Second Risk Management Plan............................................................................6
5. Viability of the Risk Management Plans..............................................................8
6. Real World Standards and Proposed Risk Management Plans.............................9
7. References...........................................................................................................10

Introduction
Riordan Manufacturing is a well-known leader in the industry of plastic injection molding and its plants are located in Michigan, Georgia and China. The company operates in different nations with number of employees. From last some time, the company is confronting several troubles in regard to managing its employee's morale. For resolving this issues, a new project is been undertaken by the company to improve its employees' morale and develop effective employee relations with its employees. The new project of Riordan is planned to be completed in a year with several milestones.
For assured success of this new project of the company, it is essential that the company adopts a risk management plan that should involve all essential aspects related to the identification of risk, risk framework, risk mitigation techniques and risk management implementation. By following all vital steps of a risk management plan, the company can successfully implement its new project of improving employees' morale. As well, by following real world risk management plans, the company can also attain success in regard to its new project.

Measures to Mitigate Project Risks
For measuring and mitigating project risks, it is essential that the company adopts an all inclusive approach to handle existing risks. For handling risk, the company can make use of a risk identification framework and several risk identification techniques. By making use of advanced measures of risk identification, it will become easy for the company to manage its new project related risks (Barkley, 2004). Increasing employee morale is not an easy task as it involves strong resistance from employees as well as number of risks.

Resolution of all identified risks is essential that cannot only be done with the help of some risk identification techniques or framework. For managing project in an inclusive manner, it is essential that the Riordan Manufacturing adopts a risk management plan. A risk management plan will facilitate the company in all its project tasks and activities as well as in the identification of different risks at different stages of project and their handling (Royer, 2001). In addition to risk management plan, the company can also assure its project success by evaluating the ...