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Assignment 1 Risk Management

This document provides instructions for a case study report on risk assessment and quality project management. Students are assigned the role of project manager for AusManufacturing Pty Ltd., a vinyl flooring manufacturer, and must present a risk management plan to reduce excess inventory held by retailer Zmart. The report should include an executive summary identifying key success and failure factors. It should analyze the main risks of the case study based on research and discuss applicable supply chain standards. As project manager, students must identify, assess, and propose a plan to manage major risks, drawing on risk management tools and industry data to develop an actionable response.

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Enock K Kutto
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© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
375 views

Assignment 1 Risk Management

This document provides instructions for a case study report on risk assessment and quality project management. Students are assigned the role of project manager for AusManufacturing Pty Ltd., a vinyl flooring manufacturer, and must present a risk management plan to reduce excess inventory held by retailer Zmart. The report should include an executive summary identifying key success and failure factors. It should analyze the main risks of the case study based on research and discuss applicable supply chain standards. As project manager, students must identify, assess, and propose a plan to manage major risks, drawing on risk management tools and industry data to develop an actionable response.

Uploaded by

Enock K Kutto
Copyright
© © All Rights Reserved
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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Case Study Report

Assignment 1: Risk Assessment and Quality Project Management


Trimester 3, 2022
Due date: 10 July
Weighting: 40%
Individual or group: Individual
Word limit: 4 Pages
Format: A written report using size 12 Arial or Times New Roman
font with 1.5 line spacing. APA Referencing style required.

Tables and figures can be included in this assignment


where required.

Title Assignment 1 Case Analysis


Purpose: To assess students’ ability to identify risks in projects, risk
management processes by lifecycle phase including
knowledge about mitigation and contingency risk plan.

Description: Organisational context and target project are provided below. Students
are required to think about the main components of a risk management plan and
discuss it in a form of a report highlighting key components ( risk assessment,
identification of specific risks, qualitative and quantitative analysis, risk response plan)

Instructions:
1. Read your specific case study.
2. Provide an understanding of the key components of a risk management plan.
3. Provide insights as a Project manager in the chosen organisation.
4. Provide realistic and justified project management recommendations.
*Remember to support your findings, arguments, and recommendation with academic,
peer-reviewed sources.

Assignment 1 Risk Assessment and Quality and Project Management 1


Assignment One: Risk Assessment and Quality Project Management

Students are to present and discuss a risk management plan. You are the PM at
AusManufacturing Pty Ltd. (Please don’t try to contact the organisation as it does not
exist), which is a manufacturing company of vinyl flooring

Case Study

AusManufacturing Pty Ltd is a leader in the manufacture and marketing of vinyl


flooring with 30% market share, has a turnover of EUR 1,350 million and 7,000
employees. It designs and manufactures vinyl flooring products distributing them in 90
countries around the world. AusManufacturing Pty Ltd was contacted by the supply
chain manager of Zmart Pty Ltd, a large DIY retail chain, to reduce the inventory of
AusManufacturing products named luxfeel and hydropet on Zmart premises of Sydney,
Perth and Melbourne. The CEO of AusManufacturing Pty Ltd decides to create a
project and names YOU as the project manager in charge of reducing inventory on
Zmart premises. A project team and a project steering committee are set up. The
project team discusses the various actions to be taken to achieve the objective of
reducing excess inventory. The supply chain manager of Zmart was the contact person
for the project, while the sales manager represented AusManufacturing. During the
meetings over the first two months, the supply chain manager of Zmart highlighted the
surplus stocks in each product category, with the ensuing issues of storage, handling,
and cost that these surpluses generated. On the other hand, AusManufacturing 's sales
manager was reluctant to suggest inventory reduction solutions, which might mean
less sales in the short term. He complained about the low sales levels compared to the
sales forecasts provided 3 months earlier. Both parties observed that no progress was
being made towards a mutually beneficial solution. In the third month, to resolve this
deadlock, a new actor was brought in the Zmart Sales Manager. It emerged that the
turnover could be doubled if the new shelves at the stores, which had been decided
upon in a previous project at Zmart, were effectively installed following shelving policies
and guidelines for disaster management and fire and safety. This new perspective from
the sales angle at Zmart effectively transformed the surplus inventory problem into a
larger one. Further, at the very last meeting in the fourth month, other stakeholders
were invited to the project meeting for further information gathering. By inviting the
operations manager and the shipping manager of AusManufacturing, it emerged that

Assignment 1 Risk Assessment and Quality and Project Management 2


the long delivery times between AusManufacturing main warehouse and Zmart’s
premises affected inventory policy at the three indicated large Zmart’s stores in
addition to the AusManufacturing palletising custom dimensions 1165mm x 1800mm x
144mm for a maximum of 1380Kg

Assignment One structure: Please follow the structure

1. Executive summary
Summary of the main findings:
1. Identify and Analyse factors for successful Projects, as well as reasons for
failure based on the specific case study in the context of effective risk
management.

2. Analysis:
Research:
Please answer the following questions
1. What is/are the main risk(s) of the project case study?
2. What are the main risk management and supply chain standards and policies
you can find in the literature and how do these are applicable to the current case
study?
Please make sure you
 provide a few core ideas (2-3) in each section with the support of research
(journals and other industry data)
 are drawing ideas from the literature to get some depth, giving both sides of an
argument and using industry data to justify.

3. Identify, Assess, Manage and Control risks identified


Being the project manager of AusManufacturing Pty Ltd.,
1. Identify and assess major issues and risks from the proposed case study, but
you can go beyond the case by reporting additional issues, threats and risks
applicable to the current sector which must be augmented with references.
2. Please also include a countermeasure with an actionable plan to explain how
you would manage any identified risks.
 You can use any tools in risk assessment and risk management to develop a
risk response that you think is suitable for your objective.
 Make sure this section contains the risk discussed in the previous section, but it
is crucial that an actionable plan is included as a response to the selected

Assignment 1 Risk Assessment and Quality and Project Management 3


industry. Your goal is to provide doable suggestions and actions on how to
manage risks identified to the project steering committee.

Assignment 1 Risk Assessment and Quality and Project Management 4

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