Mission and Goal for ABZ Retailers Limited

 Mission and Goal for ABZ Retailers Limited

Order Summary
Type of assignment:Assessment
Academic level:University Level, Bachelor’s
Referencing style:MLA
Number of sources:2
Subject:Business
Client country:United States (US English)
Order Status:
 
In progress,
ready 25%
This week you are going to try your best to build a Risk Assessment Plan using: Risk analysis, FMEA, Ladder of Inference, &
Impact analysis.This assignment will be a total of 3 (three) pages with 1 (one) of those pages being very short (less than half of a page) ***BUT THIS ASSIGNMENT IS FOR ONLY THE 2 PAGE PAPER*** THE VERY SHORT PAPER I’LL BE PAYING FOR SEPARATELY*** With the shorter paper, After reading the notes and watching the videos, discuss and brainstorm with the risks of your proposed solutions. Use the videos’ recommendations as a support. The other 2 (two) pages will be the complete assignment in which the complete details are attached along with all the information and links. I also attached the original assignment in which you did and is titled ABZ Retailers Ltd. and this assignment is a continuation of that as well as Week 2 and “Exec. Seminar Wk. 3” assignment which you are working on and is also attached to this “Exec. Seminar Wk. 4”. I included this assignments instructions in that attached file called “Exec. Seminar Wk. 4, as well along with the links. It is in relation to the “client” which is ABZ Retailers Ltd. Please include at least 2 sources as well, but you may include as many as needed. I just need to make sure it is done in a timely matter. Thank you.

Risk Assessment

Risk assessment means analyzing risks involved, assumptions that have been hidden, and any unforeseen impacts of potential solutions.

Risk assessment is a vital part of problem solving. Sometimes solving one problem creates another. Before acting on any of your potential solutions, it is important to test the different ideas that you built to determine what hides behind.  To do so, you could use the following tools:

  • Risk Analysis

A good risk analysis will follow the formula, risk = the probability of an event occurring multiplied by the cost of that event. Identify the different potential risks for your proposed solution then estimate the costs.  Finally, you will need to determine how these risks will be managed and formulate a plan.

  • Failure Mode and Effects Analysis (FMEA)

Performing an FMEA analysis involves identifying the different ways your solution may fail to fix the problem.

  • Ladder of Inference

The ladder of inference helps you to check assumptions and ensure that any proposed solution is based on logic and sound data.

  • Impact Analysis

An impact analysis looks at possible consequences arising from a solution and it ensures that the change made will be positive.  It helps consultants to spot unintended consequences before they occur.

This week, you are required to

Watch the videos

Discuss and brainstorm the risks involved with your solutions using the video recommendations as a support

Assignment: Build a Risk Assessment Plan using

 

Answer preview:

Mission and Goal

Word: 700