Case study:

Consider a pick packing warehouse where goods and supplies comes from outside an it is stored and packed in the warehouse. While walking through the company, it is observed that there is more manual equipment than automated ones. For the packaging, the only equipment I saw were conveyor belts moving the plastic carts around. The biggest risk is forklift and cutter which pickers use as they may cut finger and so on. Now consider a warehouse like above mentioned and explain the questions below. All questions should be explained in detail along with explanation and there should not be any definition.

Q. Present a complete risk management plan which includes a risk register, qualitative/quantitative risk analysis, plan risk responses, implement risk responses and monitoring risks activities. The risk register should include atleast 2 risks. Assume that the management team is willing to provide all necessary support to turnaround the situation.

Hints:

Below it is given what must be included in risk analysis, risk register, plan risk response, implement risk response and monitoring risk. Answer should be given only on table format.

1. Risk analysis -5 factors to collect (Feedbacks)

- Qualitative -> open end Questions from end customers and question is asked

2. RISK Register - Explain high or low risk in two three paragraph and list high and low risks in above mentioned warehouse and explain why. - And rank those risk from the scale of 1-5 3. Plan risk response -Just like fire exit plan and must contain logical informationalong with explanation 4. Implement risk response - It must include physical information 5.Monitoring risk - It must include checking/ inspecting

A. Create table as shown in the table below and identify different risks in a warehouse and develop a complete risk management plan which includes a risk register, qualitative/quantitative risk analysis, plan risk responses, implement risk responses and monitoring risks activities. Below table is just a sample table, create table like this and include risk analysis, risk register, plan risk response, implement risk response and monitoring risk in the table and explain.

B. Also identify the risks in the ware house and create table same as below for risks too.

Ideal response Risks Action Type of risks(F, S &P) strategies Risk due to forklift Avoid Risk due to flood Q- - - - - -0 - - - -q Packaging fault Performance Mitiigate D - - - - - - - -0