| Risk | Type of Risk | Description of the risk |
| Barrier to entry | Strategy | The product is new and before entry into the markets it will face some market entry challenges |
| Government regulations | Strategy | The product is new and faces new government regulations. This is new to the Lectocomp Company |
| Production of the new product | Schedule | The production of the new product ought to be done in 12 months. Production should ne done by the end of this period |
| Workforce experienced in such production | People | Lectocomp has no suffient workforce skilled in the production of such medical products |
| Constraint on human resource | People | The project is underway and therefore cannot be assigned more human resource. Working with the current number could be problematic. |
| Production time factor | Schedule | The members of the production team have to balance bewteen their personal life and the working hours at the factory. |
| Production schematics | Strategy | The production schematics have not been made available to the company despite having less than 12 months to flagship. |
| Selection of production manager | People | For the first time, the manager of the porject has to be selected from the engineering department. The manager may not be hollistically trained in leeadership and other admnistrative roles. |
| Third party production manager | People | Having a third party in charge of such huge projects may be a huge problem for lectocomp especially in management of delicate informaion regrding the production operations. |
| Third party production | Strategy | Lectocomp will be using a third party for production of this production. Controlling of the various aspects of the production could be problematic. |
| Selection of production manager | People | The manager of this project was hired three months ago and then has just been given the role of managing the project. They may not have sufficient skills in running the project. |
| Manager with no prior production | People | The manager selected has no experince in handling prior production at Lectocomp. For this type of project, the work ought to be done by someone with prior production experience at Lectocomp |
| Lack of production compentencies | Strategy | Lectocomp lacks strong capabilites and production competencies. For porduction of a new medical product, strong production competencies should be put in place first. |
| Absence of a communication plan | Strategy | Lectocomp has no strong communication plan. A communication is critical when engaging in a large project, communication, division of labor and delegation of duties |
| Management of the processes and controls | Strategy | Some of the controls and the processes should not be left entirely to the manager. |
| Absence of audit procedures | Strategy | The production plan lacks the audit procedures for the production of the medical product. |
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lectoccomp_production_risk_schedule.xlsx
