Think on your workplace and provide one innovative idea you would implement to it. Then make list of risks associated with it and identify how you will respond to these risks. Lastly,decide if the business should take the risk and implement your idea.

Therefore you are expected to provide the following:

• Description of your Workplace
• Description of the Innovative Idea
• Risks and mitigations(at least 3)
• Conclusion to the idea (Go-ahead, discard, defer, postpone, etc)

Here it is an example of what is expected:

Workplace:Car Park (with an operator selling tickets manually)

IDEA:

Automate the Carpark by installing a gate with an automated ticketing system which will eliminate the need for an operator, and will increase the carpark operating time to 24 hours.

RISKS:

Risk

• Loss of income during transition period
• The system might have technical issue with no human immediate support.
• Vandalism

Mitigation

• Minor, long term viability (gain extra revenue from operating 24/7)
• On-call office worker
• Add cameras as part of the system

Conclusion:Go ahead with the project