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Organizational Risk

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1. Looking at historical claims data is one way to identify an organization's risk, followed by questions on whether the organization has taken appropriate action to prevent further risk in those areas. Identify several types of HR risks in your employment setting and discuss if current risk mitigation strategies are sufficient.

2. What is your definition of socially responsible risk management? How would you go about enacting a more socially responsible risk management strategy in your current workplace?

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My current workplace is under the DoD. I work for MCCS which stands for Marine Corps Community Services. The department that I work in is the Special Events department. We are responsible for rental items for parties (children and adult), bouncy houses and other inflatables, as well as the 6 festivals that take place annually on the island of Okinawa.

One HR risk in my employment setting that I have seen falls under the EEO. There are 2 derby leagues on island, and many of the girls that work for MCCS are skaters in the leagues. Just recently we had one individuals fall and stretch the ligaments in her hip and tear a few of them. She was prescribed by her doctor to attend physical therapy once per week for 6 months. She is a rather new hire so she went through her sick leave fairly quickly. After her sick leave was up, her manager told her that she was not authorized to take time off of work any more to go to physical therapy. This HR risk ...

Solution Summary

Every company no matter how long they have been in business will have some organizational HR risks that they must address. These risks need to be dealt with in a timely manner as they arise. In the process of doing business and the every changing world that business is conducted in the potential for new risks to arise, or something that wasn't a risk before to become one is constant. For this reason it is essential to look at and address risks in a timely manner.

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Create a Risk Template by listing those risks that you think are appropriate for Project X

You work for a major defense contractor. Your company prepared and submitted a bid for a recent Department of Defense RFP, entitled Automated Mobile Defense System (AMDS). You have been assigned to lead Project X, which will design, develop, test, demonstrate and deploy 10 AMDS units to a location to be determined by the DoD assuming a successful demonstration. This project is expected to take at least 5 years to complete at a cost of $1.5 billion. If you are successful and deliver a quality product on time and within budget, the DoD will order 150 more AMDS units at a price of $10 million per unit. The goal of Project X is to develop a defense system to protect major and strategic cities within the US in the event of a missile attack from a hostile nation. It is to be a redundant system; the last in a series of defensive weapons to be used only in the event that all other defensive systems have failed; when enemy ABMs are approaching the US and only AMDS is left to take them down.

The conceptual design for the AMDS that your company submitted in response to the RFP consists of a mobile housing unit (MHU) containing 20 anti-ballistic missiles (ABMs) based on a radically new design; an anti-missile control computer (AMCC) used to automatically target and deploy the ABMs; and a retrofitted detection device (code name: SKYEYE) built on proven, patented radar technology which your company owns. All of these devices: the ABMs, the AMCC and SKYEYE will be completely housed in the MHU, which is planned to be an enhanced18-wheel tractor-trailer. A self-contained power source (for the ABMs) and solar charged batteries for the AMCC and SKYEYE make the entire AMDS portable and completely automatic (no personnel are required to operate any of the systems). However, military personnel on a regular basis will perform routine system monitoring and maintenance, preferably from a remote site. On-site maintenance should only be needed on rare occasions expected to arise from unforeseen events such as earthquake, tornados, ice storms, etc. Should it become necessary, military personnel will move the AMDS to a location known only to them. While it was not included in the design accepted by the DoD, your company would like to be able to provide additional capability with the system: they would like the AMDS to be able to operate while it is being moved.

You are the project manager and oversee the efforts of over a dozen nuclear scientists, engineers, and technology professionals. Many of them are acquainted with the rudiments of project management, but very few know much about project risk management. You'll need to do some education along with managing schedule, budget and scope.

Details: Create a Risk Template by listing those risks that you think are appropriate for Project X. The template should include:

* Description of the risk
* External risks
* Internal risks
* Budget risks
* Schedule risks
* Resource risks
* Quality risks

Categorize them according to your knowledge of risks and risk templates. If you have made assumptions about the project, include them at the top or bottom of the template.

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