What would leadership see as a reasonable mitigation


Problem

You named some of the business processes that might face risks that would affect the organization's ability to achieve it's mission. I've chosen some possible risks and listed them below.

1) Manufacturing machinery failure
2) Organization's ecommerce site unavailable
3) Collaboration software unavailable (Teams, Skype, Zoom etc.)
4) Individual workstations
5) Supply chain disruption

Answer the following questions with detail:

A. What are the actual threats facing those items?

B. Talk about mitigations that are available to reduce the impact and likelihood of the threat coming to reality. What would leadership see as a reasonable mitigation, and what would they reject as too costly (in money or productivity) and therefore find the risk acceptable as is?

C. If you had answered this question prior to the Covid situation, would your answers have been any different? (This is why there is a lifecycle of risk management to re-assess existing risks and consider others that may not have been considered before.)

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Operation Management: What would leadership see as a reasonable mitigation
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