Solution In my organization, like in any other, disruptions and supply cuts are expected, which happen. There is a need for a tool to be in place that can be used to predict these disruptions or supply cuts so that appropriate measures are taken and contingency plans put in place to ensure continuity of the supply of resources in the event of disruption.   Below table is reproduction of the response developed in earlier submission. Specific examples are provided per the instructor’...

Solution We have identified the supply sources in the sub task A.C. 2.1 to meet the objectives. Now we describe the process of managing these resources to ensure continuity and quality of the sources. It is important to notice here that although each source has its own way whereby it is managed, the spirit of each process applied is same as is the outcome – continuity and quality of the supply to meet the objectives.   To explain the process, we below reproduce the table drafted in...

Solution The personnel or company which supplies the organization with certain products or services are called the supplier. The supplier contributes greatly in maintaining the business of any organization, and it is important to remain on good terms with the supplier. Proper planning is needed to manage the supply chain and make sure it functions continuously and efficiently. The resources of the organization must be identified as well as the source from where they were obtained and how. Fac...

Solution The analysis of the costs associated with the resources required to achieve the objectives would be analysed on the basis of the following factors; Budgets (including cash flows) Costing activities for specific products and services Management accounts Stock records Overtime records Agency costs records In budgets, the focus would include setting out strategies that ensure an optimum utilization of resources, improve in the efficiency and effectiveness of exist...

Solution To link the resource planning with the objectives, below table assumes 12-month period. The below table illustrates the linkages between the annual objectives and the resource required to meet those objectives in quarterly requirements. Resource planning process Existing Incremental requirement (in nos.) Objective (12-months) Resource resource Q1 Q2 Q3 Q4 Increase sales by 10% Sales force 10 1 1 Increase customer traffic by 10% No. of advertisem...

It is a crucial step in the planning process that we identify the type and quantity of the resources required to achieve the team's objectives. First we need to define resources The types of resources we will be dealing with are: Human Resources Physical Resources Financial Resource As a departmental manager, the different objectives to be achieved by the medium sized IT Company include; To raise sales by 10% percent and profit by 15% percent in two years’ time. Enhan...

Solution Disaster recovery plan: A disaster recovery plan is a contingency plan which comes into play in case organization comes in contact with events that cause loss to its vital assets and resources such as facilities and assets, including IT assets etc. The idea of such plan is to equip the organization with capability to deal with disasters to ensure that pre-disaster position is reinstated as quickly as possible. Factors to consider while preparing disaster recovery plan in ADNOC ...

Solution Risk treatment: This is the most common risk management strategy that I use because it is easily understood and implemented. It means I limit the risk impact so that when a risk occurs it causes the least amount of damage possible. Risk treatment can take form of any of the below: Avoid the activity Retain the risk Share the risk Change consequence or likelihood Seek opportunity Remove the source The treatment of risk depends upon the nature and severity ...

Solution We build on the model described in A.C.1.2, with health and safety category where we identified fall hazard as a risk. ADNOC Refinery observe the following:   Likelihood or occurrence of fall hazard is estimated to be once every five years (score of 2) Consequence or impact is minor injury that could result in employee having 3 days off to recover the injury (score of 2 in our model) The model has score ranging from 1 through 25 with the following classifications: ...

In this analysis the risk matrix model is used. According to Dumbravă and Jacob (2013) this model is a common qualitative model in risk assessment as a risk management model for risk quantification. This model is classified into different parts which include probability and impact classification, likelihood score risk, impact analysis, and calculation of the exposure risk. This is informed by Project Management Institute (2008) report that has noted that risk management is a detailed process tha...