Below, is a Risk Identification table

Based on these risks and your analysis what would go in the table below:

The first row is an example of how to fill it out

Some additional detaiols to help:

Acme Inc., a Houston based mid-size company, specializing in manufacturing a variety of fans (ceiling fan, table-top fan, pedestal fan, USB fan, etc.,). Last month, under financial stress, Acme's management team decided not to renew the lease on their existing production facility in Dallas and decided to move the plant to Guangzhou, China. Your job is to help Acme's management team successfully and seamlessly complete this project.

1. Acme's administrative office will remain in Houston. Only the production facility, which has 150 employees in Dallas, will move to Guangzhou.

2. Acme is thinking about relocating 10% of its workforce from the US to China to ease the transition.

3. The current lease for the production facility is expiring in 6 months while the company has contractual obligations to various customers to deliver their products over the next 24 months

# Risk Description Probability (High, Med, Low) High 1 Business Risk Shifting the production facility to another market could increase the risk to service the existing market at the right time and cost. Now, in this case, the lease agreement is ending in 6 months whereas the company has its contractual obligations to serve the customers for 24 months. This would be an important decision like how the company is going to serve its customers far from China. 2 High Relocation Risk | High Risk in the new market The production facility in Dallas is comprised of 150 employees and the company is thinking to relocate only 10% of the workforce from Dallas to China. Of course, it is not possible to relocate a larger workforce suddenly and therefore, the company must decide on what numbers of employees that are key to the relocation process should be moved. However, the risk associated with this relocation is big. The company must make sure that these 15 employees who are going to relocate must be responsible and efficient for the work process, properly trained for handling work in China, must be comfortable with the Chinese work and culture, etc. Shifting the production facility must be backed by some cost and market estimates but simultaneously there are many other risks associated in the country that must be carefully answered. The existing competition in the market in the sector, the prices, government regulations, etc. The cost associated with the relocation or shifting of the office/production facility is one of the major areas of concern for companies. It is not only about the one-time cost which is shifting cost but the long-term cost estimates of operating in the new market is also a major concern. Since the administrative office will remain in Dallas and only the production facility would move to China, the company must decide on the operational cost of the administrative office back in 4 High Cost Risk 5 Medium Administrative Costs US. The major activities and decisions are made at the headquarters which require the presence of the senior to mid-level employees. Since ACME is a mid-sized growing company, it must look at the cost risk associated here with the movement of the employees. Risk Register ID Description of Risk Risk Impact Risk Response Risk Owner Probability L(1)-M(2)- H(3) Impact L(1)-M(2)- H(3) Response Description Expected Response Impact PI Score (Prob x Impact) R01 Supplier delay Pushes product launch Confirm delivery dates by phase 2 2 3 6 John Smith # Risk Description Probability (High, Med, Low) High 1 Business Risk Shifting the production facility to another market could increase the risk to service the existing market at the right time and cost. Now, in this case, the lease agreement is ending in 6 months whereas the company has its contractual obligations to serve the customers for 24 months. This would be an important decision like how the company is going to serve its customers far from China. 2 High Relocation Risk | High Risk in the new market The production facility in Dallas is comprised of 150 employees and the company is thinking to relocate only 10% of the workforce from Dallas to China. Of course, it is not possible to relocate a larger workforce suddenly and therefore, the company must decide on what numbers of employees that are key to the relocation process should be moved. However, the risk associated with this relocation is big. The company must make sure that these 15 employees who are going to relocate must be responsible and efficient for the work process, properly trained for handling work in China, must be comfortable with the Chinese work and culture, etc. Shifting the production facility must be backed by some cost and market estimates but simultaneously there are many other risks associated in the country that must be carefully answered. The existing competition in the market in the sector, the prices, government regulations, etc. The cost associated with the relocation or shifting of the office/production facility is one of the major areas of concern for companies. It is not only about the one-time cost which is shifting cost but the long-term cost estimates of operating in the new market is also a major concern. Since the administrative office will remain in Dallas and only the production facility would move to China, the company must decide on the operational cost of the administrative office back in 4 High Cost Risk 5 Medium Administrative Costs US. The major activities and decisions are made at the headquarters which require the presence of the senior to mid-level employees. Since ACME is a mid-sized growing company, it must look at the cost risk associated here with the movement of the employees. Risk Register ID Description of Risk Risk Impact Risk Response Risk Owner Probability L(1)-M(2)- H(3) Impact L(1)-M(2)- H(3) Response Description Expected Response Impact PI Score (Prob x Impact) R01 Supplier delay Pushes product launch Confirm delivery dates by phase 2 2 3 6 John Smith