BOEING INDIA

Efforts By: Shreyankur Tripathi Neha Mehra Hardik Harshwardhan Anas Avesh (Aprajita Baranwal)

RISK MANAGEMENT PROFESSIONAL

A person with unique expertise and competency in assessing and identifying project risks, mitigating threats and capitalizing on opportunities, while still possessing a baseline knowledge and practical application in all areas of project management, in our case AIRCRAFT Manufacturing.

RISKS FOR Boeing India.

Financial weakness of legacy carriers like KF, jet airways, air india. Obsolescence management (om) and technology refreshment plans. In order to keep development costs low and please wall st., Boeing decided to outsource not only the manufacturing of components but also the design. This way, its contractors would be taking on some of the financial risk of the project. While this may have spread the financial risk, it increased the execution risk.

 Financial risk with the same

The number of sub-contractors increased the complexity of the project as parts and systems were being designed and manufactured by people speaking 28 different languages. Maruti incident in gurgaon: can occur anywhere!
Establishing a manufactuing unit in India is tough. Got to live up to BOEINGs reputation. Shifting the service base to India will be difficult with

Why Risk Management?

Risk management is important in the Civil Aviation organization because the effectiveness of service delivery and safety monitoring depends on it. Many decisions have an immediate impact on the departments clients. The ability to manage risk in a consistent and effective manner impacts on perceptions about the overall quality of work.

 With a widely-dispersed inspector population and diverse responsibilities, it is important to be able to demonstrate to the aviation community and the public that the department is committed to making good safety-related decisions. A by-product of risk management is an improved level of comfort that resources are being allocated in the best possible way to meet safety priorities. This is especially important given the departments shared commitment to safety with the aviation community, and that resources to meet that commitment are limited.

Benefits of risk management

Increase the likelihood of achieving objectives

Encourage proactive management

Beware of the need to identify and treat risk throughout the organization Improve the identification of opportunities and threat Legal and regulatory requirements Improve voluntary and mandatory reporting

Improve governance
Improve stakeholder confidence and trust