Continuous Improvement Initiative - Risk Analysis and a Cost–Benefit Analysis - Management Assessment Answer

Management Assessment Task

Project 1
1. Develop and describe in detail a continuous improvement initiative that would be relevant to the business in which you work.
If you are not currently working you might develop a scenario for a fictitious business. Describe the business and what it does then address the assessment project questions. The business could be a private or a not-for-profit organisation.
2. Explain how this improvement might be considered creative or innovative, how it might contribute to business sustainability.
3. Conduct and document a risk analysis and a cost–benefit analysis for the proposed improvement. Make sure you have clearly outlined the risks, any procedures that would be followed to mitigate risk and have covered all of the costs involved.
4. Clearly explain the benefits of the proposed improvement—in terms of:

1. systems
2. product/ service outcomes
3. performance outcomes
4. financial outcomes
5. quality management
6. business sustainability
7. environmental/ social/ legal impact

5. With whom would you consult with and why would you consult with these people?
6. Draw up an appropriate implementation/ action plan and transition plan for this improvement. The plan should describe the improvement, nominate the resources that will be required, detail the personnel to be involved and indicate milestones and deadlines. Charts and graphs might be appropriate.
The description of the intended improvement should be formatted in such a way that it can actually be presented to senior management of the organisation as a continuous improvement proposal.

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