Business Risks for the Identified Solutions When reflecting on business risks for the identified solutions, here are some things to consider for your client:
What changes of roles and responsibilities would be required with personnel changes?·
What is the succession plan? ·
What new systems or skills will employees need to gain?
What is the financial cost? ·
What interdepartmental changes need to be made (manufacturing, sales, delivery, financial and IT)? ·
Would communication barriers increase or decrease? ·
How would the proposed solutions impact clients?
Would it increase their engagement level? ·
Would the changes impact the brand or reputation in the industry?
While these are not all-inclusive questions, they can provide guidance and clarity when developing the Risk Assessment.
Risk analysis should be completed for each proposed solution.
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