Project management-Scenario Assignment Essay Example | Topics and Well Written Essays - 2000 words - 1

Project charge-Scenario Assignment - Essay Example bar of the extent to which a companys benefits are achieved is known as time value and this should be at optimum cost. As a manager of the battery manufacturing company, Bart Erry Ltd, I would employ essay guidance and assessment for evaluation of risks in order to take remedial actions in line with achieving these benefits and minimising loss of value to hazards and uncertainties. guess profile is a defined set of risks that an organization is exposed to and describes when a risk should be considered acceptable as well as how the risk is affecting decisions of the organization and corporate strategy (Woodhead, 2001)1. Risk profiling involves outlining the risks according to priority and can be developed during risk analysis and used for the management of these risks. It enables the company to measure the likelihood of the threats occurring and the extent of disruption that can be caused by each fictitious character of risk. Pro filing hence involves identification and quantification of risks where identification is simply finding or recognizing a particular risk that could affect the organization in achieving its goals. While in quantification the identified risks are evaluated and a data developed to help in outlining a disaster recovery plan (Loosemore, Raftery, Reilly & Higgon, 2006)2.The battery manufacturing company, Bart Erry Ltd are soon facing a number of risks such as legal suit may be filed against them by the local community because of the chemical effluent which found its way into the river and killed fish. They also face relocation from their present-day(prenominal) location by the government. They as well face health hazard risk not whole to the local community but to the company too because they may also depend on irrigate from the contaminated river for several uses. The company may also face destruction of property by the huffy local fishing community whom have been affected because t he effluent from the