Question

Project Management

Create a risk scorecard appropriate for use by an industry or company of your choice. Post the scorecard along with a detailed key that explains what it means for a risk to fall into the different categories on the scorecard. (Examples of industries to use are the space industry, food industry, nuclear industry, etc.)

Thank you

Answer 1

Food service industry
Contamination	Quality	Consumer perception	Competition
In the food service industry contamination posses a great risk since when the food is contaminated the customers might be poisoned leading to recall of the license of trade. Therefore most business in the industry have to avoid contamination at all cost since this will affect their branding future	Food quality is assessed through the various government institutions that have the jurisdiction to do so, the public has also the opinion of the business. Most premises must meet and maintain the health standards.	The consumers have different perceptions about food based on their backgrounds therefore business are very considerate before establishing premises and must study the market or else they would risk making losses.	Many food services die because of the competition that is within the industry, the quality of service in the industry is always at par and always moves further every moment, therefore most enterprises have the responsibility to keep up with the competition or risk dying.