Case studies are an important learning strategy in business classes as they provide an opportunity for you to critically analyze events that have taken place in real-life businesses. This develops your critical thinking and research skills as you research the competition and industry in which your business resides with an end goal of formulating a recommendation for the challenges faced by the company.
Read “The Risk Management Department” case on pages 641–642 of your textbook. As you complete the analysis, address the topics below in your case analysis.
Financial risk, strategic risk, operational-technical risk, and operational-safety risk represent project risk sources within an organization. Discuss each from a theoretical aspect.
Evaluate which of the sources/risks above with which Cooper Manufacturing is involved.
Explain the amount of risk associated with each.
Explain scheduling techniques that Cooper Manufacturing might use to mitigate its risks.
Explain specific tasks that Cooper Manufacturing should use to manage its project risks.
In formatting your case analysis, do not use the question-and-answer format; instead, use an essay format with subheadings. Your APA-formatted case study should be a minimum of two full pages in length (not counting the title and reference pages). You are required to use a minimum of three academic sources that are no more than 5 years old (one may be your textbook). All sources used, including the textbook, must be referenced; paraphrased material must have accompanying in-text citations. A minimum of three in-text citations are required.