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Supply Chain Management Case Study

The document appears to be an assignment submission for a course on Supply Chain Management. It includes responses to several questions regarding the transferability and validation of risk management templates between companies. The key points made are: 1) Risk management templates cannot simply be transferred between companies without tailoring, as companies have different methods, budgets, and project scopes. 2) Probability distributions also cannot be transferred, as they depend on company-specific goals and performance. 3) To validate a risk management template, it should include details on identifying and prioritizing risks, mitigation plans, and timelines. 4) Risk management templates should be forward-looking to account for uncertainties and potential future risks.

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Arooj Hector
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588 views3 pages

Supply Chain Management Case Study

The document appears to be an assignment submission for a course on Supply Chain Management. It includes responses to several questions regarding the transferability and validation of risk management templates between companies. The key points made are: 1) Risk management templates cannot simply be transferred between companies without tailoring, as companies have different methods, budgets, and project scopes. 2) Probability distributions also cannot be transferred, as they depend on company-specific goals and performance. 3) To validate a risk management template, it should include details on identifying and prioritizing risks, mitigation plans, and timelines. 4) Risk management templates should be forward-looking to account for uncertainties and potential future risks.

Uploaded by

Arooj Hector
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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DEPARTMENT

LAHORE BUSINESS SCHOOL (LBS)


BBA (HONS)
SECTION: A

FUNDAMENTALS OF SUPPLY CHAIN MANAGEMNET

ASSIGNMENT 5

SUBMITED BY: AROOJ HECTOR (70075422)

SUBMITTED TO: SIR SYED ABBAS RAZA

SUBMISSION DATE: 25/12/2020


Case Study: Packer Telecom

Q: Can templates be transferred from one company to another, or should


tailoring be mandatory?
Ans: I think it is possible to shift the template from one company to another company but it must
be developed as per the methods of the parameters of the company. But the template must be
flexible and capable so that it can be used for the various projects run by the company. Although
having some new ideas for some new or similar service or product is possible to obtain from the
template of the company. This will also facilitate some information about the methodology or the
process used by the company for the mitigation. In this case, either project managers were looking
to come up with some ideas with the help of these templates to execute in their projects.

Q: Can probability distributions be transferred from one company to another?


If not, then how do we develop a probability distribution?
Ans: It is not possible to shift this from one firm to another firm due to the varied goals and
methods used by different firs. The companies use their own methods, capital expenditure and
schedule and scope of the project. In order to develop a probability distribution, this can be done
with the help of the goals and objectives of the company. Let's assume that the budget of the
company exceeds by 25% then it is quite obvious to get failed. If we develop a distribution, then
it will not account for the performance of the firm.

Q: How do you validate a risk management template?


Ans: The main information which can be obtained from the risk management template are time
limits, identification of risk, solving and mitigating risks, the methods to be used, how to deal with
the risk, giving priorities to various risks and developing a moderation plan. This will also include
the plans to reduce the risk which cannot be addressed completely. If all these factors are included
in the template, then it will be a valid template.

Q: Should a risk management template be forward-looking?


Ans: Yes, it is quite desirable to have a template that is forward-looking as it is quite obvious that
risks are uncertain and it can result anytime and in any form. Depending on the perspective, capital
budget, and different constraints it is possible to understand the types of risks in any firm. Let's
assume that a company is going to have a profit of 35% if this methodology is used in the upcoming
years without making any change in the templates, the possibility of failure is quite high as some
of the key project members can leave the firm situations might differ or any unseen event could
happen.

Q: Can employees begin using a risk management template without some


form of specialized training?
Ans: In the absence of any specialized training, it is not possible for the manpower to use the
template for risk management This is due to the fact that the different firms have their own budgets
and objectives as per the targets to be accomplished and thus the employees need to understand
the different types of templates and come up with the new ideas and risk mitigation process

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