Organizations typically create an organizational-level vision or approach to corporate social responsibility, and then develop initiatives and projects designed to achieve that vision. If the initiatives or projects do not meet the goals that were established, the organization may fail to meet its vision. Damage to a company’s reputation is only one of the many risks associated with failing to live up to social responsibility promises. Proactive and continuous risk management is one way to help organizations avoid the failure in the first place and mitigate the consequences should it occur.
For this Discussion, use the Walden Library and/or search the Web to find an example of a failed CSR initiative:
1-Briefly describe the initiative and the nature of the failure.
2- What were the consequences of the failure to the organization?
3- How might risk management practices have helped the organization avoid the failure?
4- How might risk management practices have helped the organization mitigate the consequences of the failure? Required Readings
-Please Read the Attachment Carefully before Answering the questions
Project Management Institute. (2017). A Guide to the Project Management Body of Knowledge (PMBOK® Guide). Sixth edition. Newtown Square, PA: Author.
Chapter 11, “Project Risk Management”
Section 11.1, “Plan Risk Management” (pp. 401–406)
This section of the PMBOK (PMBOK® Guide) explains the process for risk management planning and what components should be included in a project risk management plan.
Section 11.2, “Identify Risks” (pp. 407–418)
This section of the PMBOK (PMBOK® Guide) explains the process for identifying and documenting project risks.
Section 11.3, “Perform Qualitative Risk Analysis” (pp. 419–427)
Section 11.4, “Perform Quantitative Risk Analysis” (pp. 428–436)
This section of the PMBOK (PMBOK® Guide) explains the process for analyzing project risks.
Section 11.5, “Plan Risk Responses” (pp. 437–448)
This section of the PMBOK (PMBOK® Guide) explains the process for planning responses to project risks.