Assignment Instructions Instructions: Read the material at the sites listed in the Week 4 Lessons...

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Assignment Instructions Instructions: Read the material at the sites listed in the Week 4 Lessons folder to help guide you assess the risks and rewards related to the solution(s) to the management...

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Assignment Instructions

Instructions: Read the material at the sites listed in the Week 4 Lessons folder to help guide you assess the risks and rewards related to the solution(s) to the management problem you are exploring. Complete a 2 page paper discussing the risks and rewards to your client as they relate to the management problem are exploring during this course.
Submission Instructions: Upload the paper to your Week 4 Assignment folder.

hen reflecting on business risks for the identified solutions, here are some things to consider for your client:

· · What changes of roles and responsibilities would be required with personnel changes?

· · What is the succession plan?

· · What new systems or skills will employees need to gain? What is the financial cost?

· · What interdepartmental changes need to be made (manufacturing, sales, delivery, financial and IT)?

· · Would communication barriers increase or decrease?

· · How would the proposed solutions impact clients? Would it increase their engagement level?

· · Would the changes impact the brand or reputation in the industry?

While these are not all-inclusive questions, they can provide guidance and clarity when developing the Risk Assessment. Risk analysis should be completed for each proposed solution.

Title Construction Company

Read the material at the following websites:

· https://www.mindtools.com/pages/article/newTMC_07.htm

· http://www.maxwideman.com/pmglossary/PMG_R05.htm#Risk%20and%20Contingency%20Management

· Risk terms explained here:http://iveybusinessjournal.com/publication/the-role-of-leadership-in-managing-risk/

Answered Same Day Nov 19, 2020

Pranjal · Accepted Answer

RISK ASSESSMENT STRATEGY AND ITS IMPLICATIONS FOR A CONSTRUCTION COMPANY
Table of Contents
1.0 Introduction	3
2.0 Risk Assessment	3
3.0 Risk Assessment Strategy and Implications	4
3.1 Change Management	4
3.2 Financial Management	4
3.3 Operations	4
3.4 Communication	5
3.5 Engagement and Brand Reputation	5
4.0 Conclusion	5
References:	6
1.0 Introduction
Risk assessment may be construed to be one of the most critical aspects of the business studies as the same includes consideration of several crucial aspects of the business. The instant paper briefly talks about the risk assessment strategy and its implications on the operations of a construction company. 
At the very outset of the study, the risk assessment scenario for a construction company has been laid down followed by the strategies that may be undertaken by the management to overcome the related concerns. The subsequent part of the study focuses on the implications of those strategies so undertaken on the overall business of the firm. Finally, the researcher wraps up the discussion by way of concluding note. 
2.0 Risk Assessment
In every construction projects, risk assessment plays a success-critical role in terms of management decisions and operational flexibility and efficiency. The present report assumes a hypothetical situation where a construction company may face the issue of cost overrun. Such a situation may be considered to be very common for ongoing construction projects with the corresponding payment schedule is linked with the percentage of completion of the projects (Beerbower, 2018). In the given scenario,

Assignment Instructions Instructions: Read the material at the sites listed in the Week 4 Lessons folder to help guide you assess the risks and rewards related to the solution(s) to the management...

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