(Solution) ROSHN CIPS PIN Risk Profile
New User Gifts
First Order Deal get Ksh 200 Off.
Original price was: £ 30.00.£ 10.00Current price is: £ 10.00.
Payment Methods:
Description
Solution
According to the procurement process model developed by Bailey et al., the Preparation stage lays the groundwork for effective negotiation by categorizing information, coordinating players, and constructing negotiation tactics (Ayantoyinbo et al, 2020). In this case, we apply these principles to ROSHN’s technology spend categories: innovative real estate solutions, communication networks, housing technologies and coordination. This structurally arranged step-by-step procedure facilitates risk profiling processes, team onboarding, agenda setting, negotiation techniques, and location selection decisions for the precise procurement requirements of ROSHN.
Risk Profile
Thus, it is essential to create a risk profile for every technology category to define possible difficulties with suppliers’ reliability, technologies’ incorporation, and market stability. Hence, by identifying risk, ROSHN can turn attention to managing risks and to guaranteeing risk remedy strategies are prepared. It also looks at issues like supplier dependence, technological change, and adherence to best practises in the industry. For example:
Innovative solutions in real estate (e.g., robotics, blockchain): High risk due to the rapid changing environment due to the advancements in technology. These are: Technological Risk and System Integration Risk.
Communication networks (AI, IoT): Moderate risk since these technologies are important to business operations but there are less likely to be many integration problems because of protocols.
Housing solutions (architectural technology): It is of medium risk as it prefers long-term compatibility with solutions and constant support for housing projects.
Project coordination (AI and social media): It has a relatively low risk, but managing projects cannot be optimally done without it.
This risk profile will help ROSHN to focus on specific suppliers and decide how to address risk-related provisions in the contract that are used, for example, to protect data belonging to AI and IoT suppliers.
Please click the following icon to access this assessment in full
Related Papers
(Solution) CIPD 7C004 Task 3.2 Explanation of Analysis
(Solution) CIPS Commercial Management in Procurement and Supply Assessment
(Solution) 5C003 reasons why this is important and the consequences of people practitioners not being willing or able to influence others (AC 1.3)
(Solution) CIPD 7C001 developments in technology currently affecting the management of people within your organisation
- 2 examples of technology and how it affects managing people in my organisation explained effectively
- Second example geared more towards the management of people rather than what the technology does.
- Again, multiple references have been provided in this answer and a wider depth and breadth of research assisted in your evaluation.
- Some context around the organisation (size, sector etc.) have been provided with beneficial to set the scene for your evaluations.
(Solution) New PSE Sourcing Essentials ROSHN Syndicate Cohort
- ROSHN should incorporate Porter’s Five Forces and PESTLE analysis into the organization’s Vendor Management Team (VMT)
- The expansion of the approved list of suppliers by not less than fifteen percent in the course of the next year is vital in eliminating reliance on a few suppliers.
- Improving eSourcing tools especially eAuctions to apply competitive pressures and lower costs of procurement. This will solve the problem of inefficiency in the tendering process and increase transparency while RHOSN already has efficient technology solutions for engaging suppliers.
- Obligatory implementation of a supplier sustainability program that identifies suppliers with high levels of CS