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Risk Management Strategy for Riordan Manufacturing�s Supervisor Training Project: Analysis and Recommendations

A risk management assignment analyzing training project strategies for Riordan Manufacturing.

Ethan Wilson
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Running Head:Risk Management Plan1Risk Management PlanNameCourse NameInstitutional AffiliationDateRiordan Manufacturing has identified the need for a Supervisor Training project to address lowemployee morale and high attrition rates. The company has adopted a riskmanagement strategy for theproject to minimize these issues. In a well-structured essay (750–1000 words), critically analyze the riskmanagement approach adopted by Riordan Manufacturing for the Supervisor Training project. Discussthe key elements of the risk management process, including risk identification, risk analysis, and riskresponse strategies. Compare this approach with two real-world risk management techniques, such asthe Risk Event Card and Root Cause Analysis techniques. Finally, provide recommendations forenhancing Riordan Manufacturing's risk management strategy based on your analysis.

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