Posted at 10.06.2018
HUAWEI is a well known company Providing Telecommunication business across the world but risks can't be ignored. The Purpose of this manual is to provide suggestion to handle the potential risks in the company functional areas
The manual are a good idea in figuring out the efficiency of the chance management system. Also can be beneficial in less attention risk areas. It will use the criteria, policy and strategy of Huawei to recognize the various tools of the chance management system.
The risk management should be parallel activity and must be well recorded. For easy understanding the chance management system is divided in three Stages.
Development of Strategy and perspective for the chance management system with clear goals. That is good for the knowing of the company employees. The proposal of the employees will increase the success of risk management. Risk aware culture will improve and work better of Risk management.
This level included the look, roles and responsibilities, communication, resources and training of having level.
Stage 2In level2 the proposal for various areas are believed in risk management, which identify the responsibility of specific area and different kind of training is necessary, a advertising campaign should be create on the list of employes regarding risk management.
Industry and market risk: Business: customer and market, product and innovation
Operational dangers: including Security systems, Environmental hazards, Human reliability, Organizational risk
Financial dangers: the risk associated to any form of money (credit, market)
In stage 3 id of the process and the way of software in every individual area and the best way to interwork build the process of risk management.
Risk Recognition: Manual in useful Information as input
Risk Diagnosis:Inside the culture of the business the info about the risk management should be important part.
Risk Response and Risk control.
To identify the need of training for people whose responsibility is coordinating and employing the chance management. The manual does not give direction for every single area specifically, but will be the general information to need of implementation of risk management The dependable person in each area wil analyze and in depth knowledge
That will make risk management successful.
An organization might use a numerous methods and strategy when risk mapping is put into practice. For risk examination, there are an array of techniques used:
Statistical analysis of previous incidents
Comprehensive Quantitative Risk Assessments
Monte Carlo simulations
Determination of specific/societal risks
Determination of environmental risks
In the light of the above manual personnel in the organization will have required experience for the detailed techniques. The insurance plan will include analyzing the competence power and weakness of the skills. It will also identify and form the risks which apply to different people working in various departments. The realization of complex methods used by experts.
Creation of risk mitigation along with control plan with the option of implimintation.
The source should be provided for the introduction of group risk management system.
Authorization of Risk Traning.
The Managers dealing with other departments should be in charge of traning. Authorization should be made by top management and ensure of the look.
The risk factors may be caused credited to deliveries and financial situation on the products part. one of the factor is permanent dependency to supplier.
Safety Regulations should be implemented.
Risk Analysis Requirements
The Hauwei has made work to control Dangers in its acatvities. Due to the expansion of the business internationally, new associates are came into and IT dependency raises new risks are created. Huawei has been affected due to currency inflation on the market. To mitigate these types of risk arises from forex exchange Huawei use cash equivalents, financial receivables, debts of short and long term.
Types of Financial Risk
Change in Currency conversion rate
. Management ReviewTo see position of the task and resource allocation management review is performed. The analysis results of audits, precautionary and corrective actions is performed by management rivew. Because of management review some decisions can be produced like increase resources:Imrovement in risk management process, machines, manpower etc
The information management system can be presented and be the out put for management review.
Some methods we can use:
This technique is employed on finding power, weaknesses, opportunity and hazards and then analysis of risk based on our finding. In Huawei we continue conduct SWOT research which can help in identifying and managing of risk. .
Risk in break down is of great importance and should be examined regularly and preventive measure should be studied to reduce.
liability like people must be kept into deliberation.
Some of the risk may be of low importance and accept without getting rid of. The significant business risk may be formal and must be made the decision by senior professionals.
Avoidance risk is to change business practices and no more exposed to specific risk.
To share a few of the chance with other is named copy risk we may take Insurance policy as a example.
Each member of the organization must are likely involved in management system control, as it is the process dependent on the folks. The role of individual people in risk control varies in group. The best top management should establish the rules for risk management and control. every body in the organization should have responsibility of managing the chance.
Competence analysis in an organization can be carried out by interviewing the individuals or the groups and asses what must be achieved to enhance the situation in order to minimize the risk of failure. To be able to understand competence examination we must describe the level of competence so that we could compare the potential risks involved in several areas of the business. A target construction produced from business strategies, strategies, objectives and targets. Analysis of strategic requirements, collected from the obtained platform. Covering all aspects of changes required regarding to that framework. Strategic, critical, declining and main competencies.
Level of competence is different in different regions of an organization, depending upon the tasks and tasks of the employees. We are able to make a competency model by dividing the business into groups depending on their capability, experience and skills with an increase of focus in the risk management area. In this way we will be able to start to see the important competencies in different departments. We split the competence levels in to the following three:
Competence mapping is the procedure that we can asses and determine the effectiveness of labor force of employees to avoid any sort of hazards. The employees play an important role in the success and development of an organization. We can use the competence mapping to recognize the data of the employees in risk management and then fill the spaces with working out.
Competence mapping is a graph that presents the specs level. Today's competence level and required level is designated in the graph with the varied lines. The gap between your lines highlights the required innovations that must definitely be attended to in the competence development plan. If the competence levels are examined, the competence mapping can be attracted.
It is vital to specify the competence gaps of the employers; because the performance of the employers will depend in large part of skills of the employers. It is also very very important to many organizations to determine which skills, that the employers will need to have, are essential for that particular section of the organization. Studying the Competence space help us to identify which competence in risk management is needed for each employee. We are able to identify these gaps by comparing the existing situation of the workforce and our future needs. If we have a score between "Current Requirements" and "Future Requirements" and it is larger than the Competency that we posses that means we've a competency gap. This can help them improve and offer an environment for the implementation of risk management system.
Risk management can not be seen as one time project, it must improved and followed up all time. It is needed an idea for the improvement of the competence to make it works. And yes it is very important to truly have a plan for increasing the competence in a brief and long range. After the evaluation of the chance management knowledge of the employees, the plan for the competence training short range will be developed. After the competence gaps are found out, here are the required basic steps that must befollowed to be able to develop an idea to defeat those gaps also to enhance the competencies.
Finding out the main element skills required by the organization
Evaluate the personals: To evaluating the personals and analyze their levels in each one of the relevant competencies.
Requesting a opinions from stakeholders, acquaintances and professionals.
Ordering and prioritizing the spaces: With regards to focusing on closing the spaces, risk management division should pick the best option or way to deal it. It might beanother training category or a treatment with subject things, reading for self-improvement things etc.
Controlling the improvement: The ultimate step for the conquering the competence gaps and enhancing them process should be monitoring the procedure that the risk department or committee took to boost the personnel's competence levels. After the committee is convinced that the prospective level for the personals is come to, they can close and improve the gap and move to the next priority area.
Since the word 'competence' is quite important for the work performance, the role of professionals to do the planning and implementation of training process is very critical. So, they must be very careful before and during the training process, since their misunderstandings could lead the unexpected hazards. Creating a training material is important to be ensure that this training is delivered to the right personnel at the right time. It really is undeniable that using competency training and competency diagnosis provide theorganization to reduce risk and improve performance by growing competency frameworks. Below, there are guidelines that should be considered when creating or implementing a competence training system in a risk evaluation system;
It is important for employees to have the ability to actualize their performance what they have discovered during the training process and be encouraged to apply their thoughts and opinions in to the real case. This allows these to be clear and become more correct while they identify, assess and analyzing the chance. It really is clear that competence training is used within the chance examination system of an organization in order to increase efficiency of employees' current job performance. Competence training system should be well included to risk evaluation system so the attendances are lively participants and able to create answers to reduce the threat of the organization after and during the training system. A risk research system can be well done by applying the competence training to associated risk committee. This provides the employers an improved understanding and provides some real ideas in the field of risk management.
There is a need of researching the technique for obtaining the competence needed, A plan for spreading the info within the company needs to be reviewed on a regular basis through the inner trainings, job rotation, documenting all the work done from consultants working in the different areas and distributing the culture of 'showing knowledge' one of the employees. The chance manager needs to be working very near the managers of every area to recognize the key folks rather than allowing that a space occurs when the individual leaves the company, jeopardizing the jobs and products quality
Securing the competencies for an organization can be led by an integration procedure that is measured by the organization's strategy. As an instance, for a business, to be able to secure the necessary competencies, some activities can be taken such as growing and regarding new skills and competence in the right place and right time. Enriching the value of expertise of the organization by clearly discovering the strategicareas. Additional training for the development by buying and prioritizing the training programs. Following the competence are driven, figuring out a competence development plan byutilizing from job planning, experts point of view, information for recruitment etc.
The evaluation of the trainings demonstrates that if this training has a good or negative or no effect on the risk area. After determining the chance areas and aims in these risk areas, these goals can be evaluated by using a post-training analysis form. About the content, methods, materials and delivery of working out, the participants' viewpoints can be asked plus they can asked to ratetheir satisfactions about these game titles. After gathering these risk evaluation forms andparticipants' opinions, the training workshops about risk areas can be modified and performed again. In order to measure the impact of working out on identified risk areas, a direct effect monitoring exercise can be carried out. This can involve sampling from random trainers'evaluations about these training. These assessments can be considered a questionnaire which was fulfilled by members about the trainings.
To audit the competence of the system, the standards, rules and methods should be diagnosed. Criteria determine compulsory requirements for auditing and reporting. They can be auditors' skills, knowledge or experience, etc. Also the auditors should use professional judgments in their application. The purpose of rules is to make clear how to follow the auditing standards. Apart from these standards, suggestions and methods, an auditor would be moving in search of responding to these issues to audit an organization's compliance with the competence. The business should measure the impressiveness of activities taken to meet competence needs and be sure the needed competence has been collected. The organization can use many types of techniques and tools like role-play, observation, reviews of trainings and occupation data, interviews, etc. for theevaluation method of success of activities. The business should determine what competencies are needed by team carrying out work which impacts quality. The auditor should determine the method of specify these competencies for firm. To control the quality characteristics of products or procedures, the competent workers should be assigned. The auditor may study job descriptions, screening or official examination activities, records of management reviews, meanings of duties and government bodies, audit documents, customer complains, process validation information, etc. to check the competenceof workers for the task.
Improvement opportunities during an audit can be noted to make certain corrections. Also problems can be related with the specific conformity areas and business procedures so that risky areas can be discovered easily. Corrective actions are steps that happen to be taken to addresses existing non conformity and make advancements. These actions care for actual problems which have been occurred. They define the reason for these problems and solve them by detatching causes. These corrective actions can be defined as problem solving techniques. Problem costs can be established so that resources can be reserve to areas where the business would use them with best profit.
The firm should identify the actions to remove the sources of potential non conformities to be able to avoid their event. These actions should be described properly because of the performance of potential problems. The process of preventive actions can be defined as :Define potential problems and their triggers. Evaluate the requirement of preventive actions for these problems. Define and perform the action needed. Record the results of precautionary action and review it.