800-word Risk Management Plan on adding company vehicles to a special investigat

Question

800-word Risk Management Plan on adding company vehicles to a special investigators department:

Identify potential risks for the project and discuss how you developed/determined the list (i.e. there are various techniques to identify risk....one is to use a brainstorming session)

Discuss the likelihood and impact analysis of those identified risks. Do not just say the risk is "High" and leave it at that, you need to discuss the way you arrived at/performed the analysis.

Discuss how you will manage (i.e. mitigate, accept, transfer, etc) those risks

Explanation / Answer

Adding company vehicles with special investigator departments can create great impact on overall availability of threats for the vehicles as well as also create problems for the company operating the specific environment..

Some major risk for the project are as follows

Risk of vehicle damage

This is one of the most critical risk as investigation department are usually prone to attacks by the organisations or entities they investigate. This type of environment makes very high probability of the vehicles being damaged in a specific operation. This type of approach would drastically increase the overall cost of operational availability of the company.

Vomiting eating this specific issue, taking a strong insurance plan is recommended. This insurance plan would provide cover to the overall damages happening to the vehicles making it secure for the operation and attaching the vehicle with a special investigators department.

Payments related risk

As most of the department delete the payment and this is going to the most common cause in terms of providing payments for the vehicle of usage , enforcing a contract with proper rules as well as guidelines for payment related issues would be most appropriate way of resolving this is specific situation where availability of these clause would enable your company to get the specific payments on time without any specific delay.

Maintenance charges

As most of the investigation department run the vehicles very roughly, maintenance charges can go up by a very large margin. This type of specific problem can be solved by implementing a clause in the contract which direct all the expenses to the department rather than taking it to your company.

Threat of substitution

This is also the most prominent factors involved in this is specific industry as many of the competitors are also operating in the similar market segment the threat of substitution is always present. This type of risk directly forces service provided to lower their prices to maintain in the competition as well as to avoid any kind of substitution in the same market segment.

Variable prices

As there are so many competitors available in the similar operating range variable prices are also big concern in terms of attaching the vehicle that 2 hour special investigators department. As these departments are already operating in a vulnerable environment they are tend to change the vehicles comparatively quickly as compared to other departments. This type of specific changes in price affect the risk of greatest threat getting replaced by other companies PDF.

Mitigation of all of the above a specific risk can easily be done by a proper forecasting as well as requirement of available options which food improve the overall availability of opportunities for the organisation maintaining better standards in service provision to the special investigators department and improving capabilities of the organisation for better revenue management.

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