Organizational Readiness Project Risk Management Essay

Assignment 1: Assess Organizational Readiness Project Risk Management Dr. Steven Englehart BUS 519 October 20, 2016 Stephanie Fletcher Strayer University Assess Organizational Readiness For any company, risk management is an important strategy to have in place. There are a number of factors that need to be reviewed in order to decrease the risk of failure. A presence of a Risk management program would not only set the framework into place to save time, money, and rework but also increases the chance of success for that particular company. Critical Success Factors According to Hillson Simon (2012), in order for a project to be considered successful, the Critical Success Factors (CSF) must be completed. Those CSF’s include: †¢ A supportive organization †¢ Competent people †¢ Appropriate supporting infrastructure †¢ A simple to use, scalable and documented process The CSF’s in the Environmental Quality International (EQI) in Siwa case study, apply by: CSF How they apply: Supportive Organization †¢ EQI’s president has a vested interest †¢ Sustainable by preserving the local culture †¢ Attracted attention for loans tech support from International finance Corp. Skilled and Competent Staff †¢ Local staff used for projects †¢ Skills being taught by older generation to younger generation †¢ Neamatalla and Laila played a major role in keeping the Siwa culture and traditions alive by helping pass the knowledge and skills Appropriate supporting infrastructure †¢ WillingnessShow MoreRelatedThe Critical Success Factor Of British Petroleum1562 Words   |  7 Pagesstarting with senior management as well as disregarding safety concerns throughout BP. 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