RISK & VALUE MANAGEMENT

Learning Outcomes Assessed:

LO1    Demonstrate an understanding of and the ability to identify and quantify risk and value at both the strategic and project levels

LO2    Develop and apply systems and tools to the management of risk and value

LO3    Develop and justify contingency and disaster recovery plans

Assignment Scenario

You are a project manager in a battery manufacturing company, Bart Erry Ltd. The main business of your company is the production of batteries for cars and trucks, which are distributed throughout the UK and Europe. Your manufacturing plant is situated inside the Industrial Park of Cottermain town and is close to three housing estates and a small village, which in total have a population of about 3000 people (See map below). River Tunker passes directly alongside your site boundary.   The river is a successful habitat for several kinds of fish, and supports a thriving local small-scale fishing industry. Your manufacturing plant has been in its present location for over 30 years and is a prime location because of the nearby road and rail networks which the firm uses to transport its raw materials and finished products.

In recent times, unusually heavy rains   have caused the river to overflow its banks. This flooded your site and caused a large leak from your chemical storage tanks into the river.  In the summer of 2015, an explosion in the plant spread toxic fumes to the surrounding residential area and the fishing village. This has had serious health consequences (including a dramatic increase in respiratory diseases) on the local population for which your organisation is currently facing legal actions from various individuals and interest groups. As a result of these incidents, a section of the local community has been quite vocal in their objection to your continued presence at the site. However, because you employ approximately 300workers the majority of whomcome from the local community, there is still some tolerance of your business among a sizeable majority of the locals.   Whilst the local administration and planning authoritieswant your plant to relocate, they cannot enforce the move through the planning laws as the plant’s site carries some immunity. They are also very much aware of your company’s contribution to the local economy as a major employer.

In addition to the environmental and planning issues, your company has been unable to achieve its annual sales targets in the last three years due mainly to increased competition from suppliers from Eastern Europe and Asia. This has been of great concern to the shareholders of your company who are worried about the value of their investments.

You are required to carry out the following tasks:

1)    Profile the risks to your organisation given the above scenario and prepare a quantitative assessment of the risks using an appropriate risk register for the following strategic categories of risk:

i    Political
ii.    Economic
iii.    Social
iv.    Technological
v.    Legal
vi.     Environmental
vii.    Competitive

(30 marks)

2)    Prepare a disaster recovery plan against some possible hazards to your company. The plan must include 2 environmental hazards and 2 technological hazards. The format of your report should include a profile of the hazards, the contingency plan and the disaster response for each hazard.

(30 marks)

3)    Provide a detailed value chain analysis of your company’s business with a view to improving your performance in the market.

(30 marks)

(Equivalent of 2000 words)

Marking Criteria

This assessment carries 50% of the weighting for this module. To pass this module, a student must achieve a minimum of 50% in the assignment

Marking Scheme

Task 1

Profiling the risks in each category                            10%

Risk register with appropriate mitigations                        20%

Task 2

Hazard identification and profiling                            10%

Contingency plans & response strategy                            20%

Task 3

Clear identification of a business-specific value chain (not a generic value chain)            10%
for your company

Identification of possible non-value –adding activities (hypothetical) and suggestion
ofappropriate value-adding improvements                        20%

Overall Presentation –demonstration of research/analysis and communication
skills;appropriate formatting of report; quality of references using the Harvard          10%
style andfree from plagiarism

Total                                                                100%

ASSIGNMENT SUBMISSION
The assignment should be submitted by midnight on May 6, 2016 via Turnitin
Please make sure you retain a copy of your submission.
UNIVERSITY OF CENTRAL LANCASHIRE
School of Engineering

APPENDIX TO ASSIGNMENT BRIEF

Submission instructions- This assignment is to be submitted by the date and time specified in the assessment notice. You must ensure that you keep a copy of what you submit. When you submit your work, please note that it must be submitted via Turnitin only. You must not, under any circumstances, hand it directly or e-mail it to your tutor or another member of staff.
Feedback – The module tutor/assessor will normally provide you with generic feedback on any formative or summative aspects of the assessment within 20 working days of the date of submission. This may be either posted on a website, or sent to you electronically, or provided in a class-based session.
Individual written feedback – will be provided via Turnitin which will address the extent to which you have met the learning outcomes of the assignment and indicate the mark or grade attained in accordance with the original marking criteria shown on the assignment brief. It will also provide you with an indication of areas for improvement.
Deadlines – It is essential that you assist your tutor by complying with submission deadlines so that you can benefit from the generic feedback process. Note that work offered for submission within 10 working days after the date/time specified without an authorised extension will obtain a maximum mark of 50% for that element of assessment. Work submitted after 5 working days of the date/time specified will be awarded grade 0. The Dean or nominee is authorised to give permission for one extension period of between 1 and 5 working days. (See Academic Regulation G9)
Extenuating circumstances – If you are prevented from submitting work for reasons which could not be disclosed prior to the required submission date/time eg. illness or accident you must use the ‘Extenuating Circumstances’ procedure so that your claim may be dealt with prior to the end of year Assessment Board. Details of the procedure can be found in your Student Handbook and the Students Guide to the Regulations.
Pass grades – in order to pass the module you need to pass each main element of the module with a minimum mark of 50%. If you fail the module and subsequently obtain the required 50% mark after reassessment then the maximum mark for the module is 50%.
Retrieval – In certain cases you may be allowed to resubmit components of assignment work which you have failed before the end of Semester 3.  Retrieval will only be available for those assignments which can be reassessed before the end of Semester 3. The maximum grade awarded for resubmitted components of assignment work carried out under the retrieval system is 50%.

Plagiarism – Plagiarism is regarded by the University as a very serious offence. Please ensure that you read the relevant academic regulations (G7) concerning what constitutes plagiarism and ensure that what you submit as an individual or as a group is clearly all your own work and that the source of any information or material is fully identified and properly acknowledged/referenced.

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