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For the following 1 0 risk statements, identify the high - level business process to which it relates and potential business functions ( where in
For the following risk statements, identify the highlevel business process to which it relates and potential business functions where in the company the risks take place
Risk#
Risk Statement
Business Process
Business Functions
Because wiring from suppliers does not meet specifications, it will be necessary to return the wiring to the suppliers for a refund.
Because working conditions for employees in the factory are not safe, there may be legal consequences like compensation for lost wages, medical bills, and production delays in the event of accidents
Because of sales staff members lacking knowledge about the features and benefits of a new service the company is selling, prospective customers are confused and don't subscribe to the service, resulting in decreased sales revenues.
Because of poor strategic planning, the business may not meet its earnings forecasts and may therefore suffer financial losses, reputational loss, and a decrease in its stock price.
If product reliability test failures exceed the resulting schedule delay to fix failures would exceed two weeks, causing increased cost and customer dissatisfaction.
Poor shortterm financial forecasts may result in cash flow issues, negatively impacting the company's credit rating and its ability to borrow at a reasonable cost.
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