Risk and Threat in Business Organization-Free-Samples for Students

Question: Analyze the risks and find the procedure to control the threats in Business Organization. Answer: Introduction The purpose of the report is to analyze the risk management cycle as a guide and describe how the ATA should proceed with each stage of the cycle in order to come up with a sound project risk management plan for this project. The report also describes the stakeholder engagement and management has been described here. The report also analyses project risk plan of working in timor island solar project which is funded by Google. The report precisely states the project risk of the solar project in a new country like Timor island. Finally how risk can be mitigated has been stated in case of ATA project. Discussion The ATA project of solar panel which is being funded by GOOGLE has various risk and to make the project successful it is necessary to analyze the risk management plan and implement it accordingly to make the project feasible and within deadline. It is crucial to take time before the start of the project to analyze the process how stakeholder engagement it will help to ensure community engagement(Tanoto Rohi, 2015). It can not be overlooked that engaging local people of Timor island will help in designing a baseline survey, so in many communities which will be benefited by the solar panels. Interviewing the local people will help in understanding the need of them and how the solar panel will help them to provide electricity to support them for education and work which will certainly improve their livelihood by utilizing the solar panel generated electricity at night time. The baseline survey is important to track the progress of the project and outcomes(Kumara et al., 2017). The tran sportation of the equipments from china or Australia to east timor is also expensive and problematic. It is necessary to co ordinate with the local government in order to import the equipments to Timor and set up the solar panels there(Azid Jokhan, 2013). The project risk can be mitigated by maintaining proper communication with government and quickly resolving the issues faced locally. The government schemes are not robust compared to the companys scheme and this difference is a challenge for the company which will be mitigated with proper communication and coordination between the company and Timor government. Previously the solar panels installed by government were broken down and discharged the batteries quickly by using the solar panels all day for electricity instead of using it in the night time. The major project risk is not being able to incorporate legitimacy in the project because of a foreign company and staffs who are working in Timor. The threat can be controlled by engaging the local people who are beneficiaries of the solar project as a part of the team by collecting survey information from them. Judging by the history of east Timor the inhabitants of the country may find a foreign company inappropriate to work and tell people what to do. This can be solved by seeking help from local organizations who will be instructing their fellow countrymen for the tasks those have to be done by them. As the external organization that comes to the country with the money to do the project, automatically there are power issues at play there. The power issue can be resolved by employing Timorese people and give them authorization to take some decisions. The local organizations have experience of working in sanitation and water projects and they can utilize the resources well. They already knew what kind of things worked really well with committees and managing money. Because this is the other crucial thing in Timor as well, is the concept of communities managing large sums of money, that's quite a new concept and it's also quite high risk. So the local partner organizations who have worked with them previously and with the communities on managing water they knew how the things tended to work efficiently in Timor(Scholes Duffy, 2017). They are also aware about the pitfalls so employing them will reduce the risk from local community dissatisfaction or any decision that can lead to failure of project. The communication barrier is also a major drawback but the local organisation that ATA have on board now, they can just pick up on those nuances, that even if we understood the language directly translated, there's just certain things about the culture and the values that they will be able to understand and pick up on and address those concerns that may not be expressed directly(Dornan Shah, 2016). Employee satisfaction can be ensured by understanding the problems of the Timorese people through the Timorese p eople of partner organization. Timor as being a developing country carries on a tradition of indirect communication which makes it difficult for the foreign companies to get the nuisance. So understanding the problems at local level is important to control the threat. The procurement is somewhat challenging in East Timor as it is impossible to use local suppliers. The local companies can not be supported by ATA in this case. When it comes to the actual materials and equipment that are needed to make these solar systems which are installed on people's homes, ATA actually can't use a Timorese organisation in that case Conclusion It can be concluded from the report that the ATA company can mitigate the project risks by suitable planning and employing local organizations for executing some tasks and employ Timorese people to instruct Timorese staffs working for the company. This will in large scale help the organization to successfully implement the project. The risks are controllable by using proper planning to manage the project. References Azid, S. I., Jokhan, A. (2013). Mapping of organisations involved in energy research activities in the Pacific Island region, their research projects, budgets and research gaps. InClimate-Smart Technologies(pp. 89-96). Springer, Berlin, Heidelberg. Dornan, M., Shah, K. U. (2016). Energy policy, aid, and the development of renewable energy resources in Small Island Developing States.Energy Policy,98, 759-767. Kumara, I. N. S., Ashari, M., Sampeallo, A. S., Pawitra, A. A. G. A. (2017). Simulated Energy Production and Performance Ratio of 5 MW Grid-Connected Photovoltaic under Tropical Savannah Climate in Kupang Timor Island of Indonesia.International Journal of Engineering and Technology,7(2), 117-129. Scholes, C. A., Duffy, B. (2017). Sun, wind and fire: Renewable energy in the Pacific.AQ-Australian Quarterly,88(4), 32. Tanoto, Y., Rohi, D. (2015). Energy and Environment Implications of Long-Term Power Development Involving Renewable Energy: a Case of Timor Island, Indonesia. InApplied Mechanics and Materials(Vol. 815, pp. 444-448). Trans Tech Publications.