Wednesday, December 18, 2019

Risk Management Plan Proposal - 986 Words

Risk Management Plan Proposal FIN/415 Background of organization Pepsi Co is a global food and beverage leader with net revenues of more than $65 billion (Pepsico.com, 2012). Pepsi Co began its life in the summer of 1893. In 1893 Caleb Bradham invented â€Å"Brad’s Drink† or Pepsi Cola as it is called today (Pepsistore.com, 2012). By 1898 Caleb Bradham bought a trade name of â€Å"Pep Cola† from a competitor who had gone out of business. On December 24, 1902 the Pepsi Cola Company was incorporated (Pepsistore.com, 2012). The following June the Pepsi Cola Syrup was registered with the US Patent Office for use in the fountain machines in the drug stores Caleb Bradham operated. After opening a second drug store†¦show more content†¦Financial reporting, forward financial reporting and audits are the key techniques that PepsiCo’s Board of Directors use in order to protect the associates, shareholders and stockholders from any substantial risk. Every market that PepsiCo is part of operates very uniquely, it is the responsibility of the Board of Directors and designated teams to ensure the operations, and transactions are compliant. Risk management techniques PepsiCo risk management techniques â€Å"ensure that risks are taken knowingly and purposefully† (PepsiCo, Inc. 2011 Annual Report, p 34). â€Å"At its most fundamental level, risk management involves identifying risks, predicting how probable they are and how serious they might become, deciding what to do about them and implementing these decisions† (Merna AL-Thani, 2008). The technique used by PepsiCo is a structured framework that eliminates risk when possible, reduces risk exposure, and transfers or retains risk when either is identified as the best option. â€Å"PepsiCo leverages an integrated risk management framework to identify, assess, prioritize, address, manage, monitor and communicate risks across the Company†(PepsiCo, Inc. 2011 Annual Report, p 34). This framework is outlined in the PepsiCo 2011 Annual Report as follows: †¢ PepsiCo’s Board of Directors- overseeing the Company’s risk assessment and mitigation †¢ The PepsiCo Risk Committee (PRC)- identify, assess, prioritize and address strategic and reputationalShow MoreRelatedaltex corp1408 Words   |  6 PagesAltex had to submit to the Army, within 60 days after contract award, a formal project plan for the two-year ATMP effort. Contracts at that time did not require a risk management plan be developed. A meeting was held with the project manager of RD to assess the risks in the ATMP effort. PM:  I m in the process of developing the project plan. Should I also develop a risk management plan as part of the project plan? Sponsor:  Absolutely not! Most new weapons systems requirements are established byRead MoreMartin Smith Essay995 Words   |  4 Pages Weatherstorm, his senior partner gave him three proposals to assess and evaluate. Martin’s task was to make a presentation about the advantages of the three data communication companies and come up with a credible recommendation on which of the proposals should Greenlane Group choose? The company’s existing portfolio has high risk options. They have been funding companies that requires huge amount of capital which increases the company’s risk. Also it was mentioned in the case that firm is experiencingRead MoreProject Planning, Execution And Closure Essay1415 Words   |  6 Pagesrejecting the vendor proposal, the manager would consider several factors such as vendor s background, financial position, relationship with others, technology provided in the project and market position etc. These factors would helpful for the manager to make effective decision making process as well as would also be supported manager to select right vendor for the project (Cohen Kalbaugh, 2008). Decision Affect the Overall Project: Selecting or rejecting the project proposal can affect the projectRead MoreAltex Corporation Essay1571 Words   |  7 PagesProject Management Strategy Professor: Dr. Jaclyn Krause July 22, 2013 Risk is inherent in any project today, and project managers need to constantly assess risks and continually develop contingency plans to address them. In project management risk management plans are an essential part of project planning, and can often time occur well into the execution phase of a project. In the case of Altex Corporation the project manager is faced with the decision to develop a risk management plan on hisRead MoreAbstract. This Document Will Briefly Discuss Subjects And1361 Words   |  6 Pagesanswer questions related to the development of a Request for Proposal (RFP). First, the purpose of the Management Requirements Section will be discussed and its importance to the RFP. As well, different methods will be reviewed that ensure suppliers provide buyers with the right resources, in addition to managing the risk associated with low quality resources. Further, the complexity of training logistics is discussed in comparison buyer plans. The significance of cutov er is also discussed along withRead MoreHarvard Business Review- Revere Street Essay1693 Words   |  7 PagesAfter analysis of Mr. Alexander’s proposal, it is obvious why he should take advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliableRead MoreHarvard Business Review Case- Revere Street1654 Words   |  7 PagesAfter analysis of Mr. Alexander’s proposal, it is obvious why he should take advantage of a real estate investment opportunity. The experience he would gain coupled with the added income would establish a solid foundation for making more investments in the future. To this end, however, I find Alexander’s plan for the Revere Street property falls short. A major deficiency is that his projections are almost entirely predicated on estimates and assumptions that are neither conservative nor reliableRead MoreRelationship Between Construction And Construction1208 Words   |  5 Pagesto present proposals for action clearly to people at an appropriate time and with the right level of detail for the degree of change, expenditure and risk involved. To ensure proposals are accurate and relevant to the stakeholders in construction, it has to be able to analyse and clearly meets client’s requirements, needs and specifications. It must be in an appropriate layout and design in accordance to construction industrial standards. The requirements must be outlined in the proposal providingRead MoreThe Risk Management Plan Is Not Required, When You Want And Neglect Timelines ( P512 )881 Words   |  4 PagesA risk management plan is not required, when you know you can spend as much as you want and neglect timelines (p512). This mentality about military spending is a perfect example of why the sponsor thinks the risk management plan is considered irrelevant. The sponsor does not want their limitations exposed to the Army. He feels that, they would lose the contract if the risks were exposed. I do not agree with this approach. It is extremely unethical and this decision could ruin the future success ofRead MoreDesign Phases : Design Phase941 Words   |  4 Pagesnot need to be too detailed at this stage. A broad proposal should give enough information about how the system will work and a cost estimate (Hawryszkiewycz, 1998, p. 70). Although some of the authors consulted, by focusing on the technology related aspects of this phase in their writing, seem to suggest the proposals should be created by the systems managers. Yeates et al. (1994, p. 186) suggest to involve the system users in creating the proposals and ensure they take ownership of the project and

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.