Growth is the Goal – a Three-tier Structure is Required
1 – Risk Assessment | 2 – Change Management | 3 – Re-engineering
1. Risk Assessment
Risk Analysis and Evaluation is a subset of the risk assessment process, where each risk is described along with its attributes such as significance and likelihood of occurrence, recommendation to minimise risks and stakeholder profiles, etc.
Each risk is mapped to a business function or process which results in allocation of ownership of the risk.
2. Change Management
* Careful planning helps to ensure that the change process is started and managed by the right people at the right time
* Planned change management allows you to include specific tasks and events that are appropriate for each stage in the change process
* Change management ensures that customers, suppliers and other stakeholders understand and support the change
3. Re-engineering
Having an understanding about business process re-engineering (BPR), it’s easy to ponder why you’d want to re-engineer at all. It may require some significant changes to your organisational structure.
Is the cost worth it, or are you spending time and money on a process that will only bring a minimal amount of improvement?
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