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Risk at Global Green Books Publishing Mini Case
Key Risks
Key risks for Global Green Books included not getting ebooks to the new college customer on time, operating without any project management toolsno project software or techniques for estimation, and operating without a budget; and operating without communicating to stakeholders, and without a process of managing risk. As a result of operating in this manner, these risks soon turned into real problems. The company was unable to control costs, unable to provide quality texts, unable to deliver on time, and unable to leverage resources effectively. The company stumbled just as it took on a new, large contract with the college, which to fulfill would require discipline, coordination, organization, oversight, and risk management. Global Green had enjoyed success in its first two year by essentially flying by the seat of its pantsbut now it had big customers with big needs and big expectations. Global Green could not risk operating in such a loose manner now.
Cause of Each Risk
The cause of each risk could be found in the fact that the company did not manage operations and risk adequately. However, a number of factors can contribute to the risks associated with product delivery, quality, and resource utilization, which affected Global Green Books. In some cases, these risks may be due to organizational issues, such as inadequate planning or communication. In other cases, they may be due to external factors, such as supplier delays or changes in customer demand. In the case of Global Green Books, it is at least clear from the mini case notes that the company itself is to blame for these risks becoming a problem. For instance, it definitely did not communicate well with stakeholderswhich can mean everyone from customers to...…is possible to effectively manage the risk associated with projects and improve the chances of successful delivery.
Skills and Competencies Needed to Manage Project Risk
Whatever the cause, risks can have a significant impact on an organizations ability to meet its objectives. As such, it is important for organizations to identify the root issues and put in place strategies to mitigate them. Only by doing so can they ensure that they are able to deliver products on time, at the right quality, and in a way that leverages resources effectively. One key way is to ensure that the company hires people with core skills and competencies needed to manage project risk. That means the company should hire people like Samantha, who have an understanding of project management, who are acquainted with project management software, estimation and budgeting techniques, possess people and communication skills, and have enthusiasm for teaching and…
References
Larson, E., & Gray, C. (2017). Project Management: The Managerial Process 7e.
McGraw Hill.
Larsson, J., & Larsson, L. (2020). Integration, application and importance ofcollaboration in sustainable project management. Sustainability, 12(2), 585.
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