University of Virginia Risk Identification & Management of Business Presentation

Part 1

Reflect on the Chapter 4: Project Risk Management Systems, Chapter 5: Project Risk Contexts and Drivers and Chapter 6: Approach to Project Risk Identification and then type a two page paper regarding what you thought was the most important concept(s), method(s), term(s), and/or any other thing that you felt was worthy of your understanding. Define and describe what you thought was worthy of your understanding in half a page, and then explain why you felt it was important, how you will use it, and/or how important it is in project planning.

Also, please answer the following:

1. What factors make a project high risk?
2. What are the three types of project risk?
3. How do you write a good project risk?

Part 2

What are the benefits an organization can receive from the adoption of a risk management system?

1. Describe the risk management system application.

2. What roles do security and capacity play within the risk management process?

3. What is the purpose of a risk management system?

4. Describe the various risk management methodologies used for risk assessment and how they relate to a systematic approach.

Part 3

Tessile, S.A. case

Tessile, S. A., a company based in Turin, Italy, is a medium-size company that manufactures, sells, and exports textiles. An increased demand for the company’s high-quality textiles has led to the approval by its CEO, Giuseppe Franco, to implement a major expansion to other markets. Mr. Franco is seen as a visionary leader in the textile industry as he transformed a cotton plantation company into one of the major textiles companies in northern Italy.

Mr. Franco recently led an aggressive and successful series of acquisitions of wineries in southern and central Italy. Mr. Franco wants to follow these acquisitions by purchasing and introducing Tessile S.A. to the tourist and cheese industries. However, these last winery acquisitions left the company in serious debt and with its shares losing value due to the perceived negative view of Mr. Franco’s strategy by its shareholders moving away from their core textile business.

You have been assigned to advise Tessile, S.A. board of directors on identifying potential hazards, threats, and risks of Tessile’s business strategies.

Create a document presentation that consists of at least 7 sections as to considerations and process. Be sure to include the following information in your packet:

Create a document presentation that consists of at least 7 sections as to considerations and process. Be sure to include the following information in your packet:

Identify the potential hazards, threats, and risks that you discovered when using your process.

In what ways can the following activities be seen as projects?

Be sure to include notes in your presentation where necessary. All sources used, including the textbook, must be referenced; paraphrased and quoted material must have accompanying citations.

Use Managing Project Risks text book attached and also refer to PMBOK

Note: Make sure to cite the references in the content as well as the reference section and follow APA format