Risk Management Case Study: DTCB Organization

Table of Contents

Contents

1.0 Introduction of DTCB Organization 5

1.2 DTCB Objectives 5

1.3 DTCB Mission 5

1.4 DTCB Organization Structure 6

2.0 Project Risk management Concept 7

2.1 Project lifecycle 8

2.2 Case Study: Why risk management is important in project management in DTCB 10

3.0 Stakeholder Core Processes Concept 12

3.1 Stakeholder and Strategy Core Processes 14

3.2 Stakeholders and Tactical Core Processes 15

3.3 Stakeholders and Operations 15

4.0 Supply Chain Risk Management 16

4.1 Outsourcing as a Strategy for Managing supply chain risk in DTCB 18

4.2 Joint Ventures 19

4.3 Strategic Partnerships 20

5.0 Enterprise Risk Management- Resilience 20

5.1 Implications of Emerging risk 21

5.2 Evaluation of

During the inception of Tokafatso the project team in conjunction with the business carried out a risk assessment which fully disclosed the sensitivity of the project to its team members which ensured that all threats were fully understood and addressed. As a result of this, contingencies and targets were set at correct levels, contracts with suppliers were negotiated with a correct understanding of potential problems, and risk mitigation approaches were created well in advance. This exercise improved teamwork among Tokafatso project team members by increasing honesty, openness and understanding within the project

Supply chain activities transform resources, raw materials and components into finished products and services that are delivered to the customers. According to Chapman (2011) supply chain involves an organization outsourcing a number of activities involving operations and support services that are deemed not core to the business to an outside company. These ranges from transportation services, cleaning services, communications and manufacturing and might occur in different parts of the world. Experience has shown that managing the supply chain in an increasingly global competitive environment has proven to be quiet challenging due to uncertainties in supply and demand, globalization of the market place, rapid changes in technology to name but a few. These have resulted in higher exposure of risk in the supply chain