Process of risk analysis and management


Practitioner:

This assignment requires you to answer the following question. Your assignment must be approximately 3000 words in length.

Question 1:

You have been asked by your Head of Procurement to review your supplier selection process, and he wants your recommendations on how it can be improved.

The assignment is to write a report on the review.

Using the process of risk analysis and management as a framework, identify a range of risks in the CUl’l’el’l’E syaem, and make recommendations on whidn are the priority, and how they can be reduced.

Just after you were given thistask, your organisation announces a major initiative to significantly enhance its reputation for sustainability. The Head of Procurement does not know much about how procurement can influence this, but he dropped you a short email asking that you make sure your review advises him on “…selecting sustainable suppliers whatever that means”

As well asincluding a consideration of sustainability in seledion in the report, you should also include a brief for the Head of Procurement on sustainable procurement [20%], along with recommendations into other changes that could be made to develop sustainable procurement processes across the full procurement cycle [20%]

The marking for this assignment will be in line with the general Corporate Award marking guidance, with credit given for structure, oonclusionsand recommendations.

Completing this assignment successfully will mean that you have demonstrated that yot have:

1. Been able to document and critically assess your own organisations prooes for selecting suppliers

2. Carried out a structured and thorough risk analysis of the selection process

3. Identified a range of risks and identified the highest priority risks and opportunities relating to your supplier selection prooem

4. Reviewed your organisation’s approach to sustainable procurement using a risk analysis framework

5. Identified a range of risks and identified the highest priority risks and opportunities relating to your approach to sustainable procurement.

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