Risk Management Plan

1. Research and study a Case Study on how Revlon failed to implement the SAP/ERP program.

2. Compile a short summary (not more than half a page) of this case study as the Introduction of your assignment. - include your reference. (8)

3. Identify 16 risks that you believe caused/ contributed to the failure of this project. (8) NB: (Not every risk will be from the case study)

4. Give a full description of the risks meaning explain each risk in detail. (16)

5. Categorize your identified risks into 8 different categories -

Use the STEEPCOIL as a guide.Social risk, Technical risk, Economic risk, Environmental risk, Political risk, Commercial risk, Organisational risk, Information Technology risk and Legal risk.

6. Decide which Quantitative risk matrix you will use. (4)

7. Follow the risk management process from (STEP 3 - 5)(Step 3= Qualitative risk analysis, Step 4= Quantitative risk analysis, Step 5= Plan risk responses) in order to complete the risk management plan. (32) NB: Quantify per category as on question number (5) and not each risk, i.e. Use the category name.

8. NB: You must structure your work as if youll be submitting a complete Risk Management Plan to the Management of Revlon i.e. be creative on the look of your final Plan. Use any method for reporting your work, e.g. tables. (7)

9. Conclusion Write a conclusion discussing your findings from the risk management process your team conducted, providing the Revlon Management Team with suggestions on how to approach this matter in future. Where did they go wrong and strategies to do things better etc. (7)