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Sub-tier risks can come from controllable to completely uncontrollable sources. The goal is to identify those areas where there is an opportunity for control and put processes in place to manage them and to develop contingency plans for dealing with the uncontrollable. Uncontrollable factors can include geo-political strife and natural disasters. A semi-controllable factor can be commodity prices. For example, [...] Recently, there has been a lot written about Boeing’s fastener shortage (WSJ article, subscription required) and how it could set back the introduction of the Dreamliner. (Update on 10/11/2007: The fastener shortage along with other material shortages at suppliers HAS officially set back the introduction of the Dreamliner, and Boeing’s stock has been taking the hit). How can [...] |
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