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Our company uses mainly subcontractors to manufacture our products. There are risks associated with logistics processes and price fluctuations for raw materials...

Action Plan:

Risk owner(s)

4 votes Created on 21.10.2019 Risk rating: Medium

Sustainability aspects of manufacturing are important to our customers. Any failures in complying with sustainable business methods will involve reputation risk.

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Risk owner(s)

3 votes Created on 21.10.2019 Risk rating: Medium

Due to internal data leaks, information about our new product might be released to the market before the launch, which could lead to the competitor building our USP features.

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Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

Using lots of workers that are not on the payroll, for example subcontractors, and temporary agency workers ("Non-payroll labour") can pose a financial risk to our organisation. For example, HM Revenue and Customs in the UK is tackling what it perceives as 'false self-employment' and has a range of new legislation regarding how to determine the employment status of a worker.

Action Plan:

Put systems in place to determine workers' employment status correctly, and check legislation. Contact our lawyer.

Risk owner(s)

Mike

2 votes Created on 21.10.2019 Risk rating: Low

Employees aged over 55 account for more than a quarter of our workforce.

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Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

Many of our employees work from home, or at the client's office, on a regular basis, which poses an occupational safety and health risk.

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Risk owner(s)

5 votes Created on 21.10.2019 Risk rating: Medium

We have employees that have difficulties understanding the language spoken at the premises.

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Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

If our key component costs increase, we might not achieve our production cost targets, leading to higher costs for the end-user and lower sales than projected.

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Risk owner(s)

9 votes Created on 21.10.2019 Risk rating: High

If we don't allocate time for learning or team events, our quality and team spirit will suffer.

Action Plan:

Let's try out the 6 + 1 sprints model that Steve's team does. So, six two-week sprints followed by a one-week sprint, during which we can do refactoring or learning. Add the new schedule to the team calendar.

Risk owner(s)

Alexander

7 votes Created on 21.10.2019 Risk rating: Medium

If John cancels the stakeholder meeting next week, then we might end up making decisions that the stakeholders are not happy with, resulting in a negative impacting on our relationship with them.

Action Plan:

Call John to verify his schedule, explain why it's important that the meeting happens. If necessary, fly out to visit him in person.

Risk owner(s)

Mike

1 vote Created on 21.10.2019 Risk rating: High

If Kate is still on sick-leave next week, FE devs won't have the designs ready, resulting in additional delays.

Action Plan:

Sarah from Team X promised to help us out, she has some extra time. Sam will make sure Sarah is onboarded, and she knows what to do. All the designs are in Figma.

Risk owner(s)

Sam

2 votes Created on 21.10.2019 Risk rating: Low

Due to schedules not being met, the competitor could beat us to market, which could result in a lost opportunity of getting more press attention.

Action Plan:

Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

Due to quickly changing market-specific regulations, there is a chance that we can't meet the regulations of each country, which may result in losing revenue.

Action Plan:

Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

If we are trying to please difficult clients at any cost, it may lead to additional hidden project changes, resulting in increased costs to the projects.

Action Plan:

Risk owner(s)

3 votes Created on 21.10.2019 Risk rating: Low

We don't have a project charter, which may lead to a lack of a common vision, resulting in arguments over what is in the scope of the project.

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Risk owner(s)

5 votes Created on 21.10.2019 Risk rating: Medium

If we continue to implement many projects simultaneously, it makes it difficult to schedule team members and keep them concentrated, resulting in increased costs and risks for all the projects.

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Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

Opportunity: If the dollar index continues to fall, the euro to dollar conversion is higher, which means we can buy components cheaper from the USA, resulting in lower production costs.

Action Plan:

Risk owner(s)

Created on 19.10.2019 Opportunity

Meeting minutes aren't approved, and the meeting minutes often don't accurately describe the content of the meeting, which may lead to deviations in the team members' actions, resulting in negative impacts on the project execution.

Action Plan:

Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

Our suppliers have factories in areas in which climate change is expected to bring extreme weather risks. If, for instance flooding or typhoons occur, and if they damage factories, it may result in increased expenses and affect the availability of our products.

Action Plan:

Risk owner(s)

2 votes Created on 21.10.2019 Risk rating: Low

If we don't have a good sprint goal, then we are just a 'feature factory', and the whole team won't work together. Also, we won't know when the sprint is successful.

Action Plan:

Ensure next sprint planning session results in a clear sprint goal. And that everyone on the team commits to it. Define what is a good sprint goal, for example "Increase page speed by 7%", so that we can determine if the goal has been met.

Risk owner(s)

Victoria

5 votes Created on 21.10.2019 Risk rating: Medium