Contemporary management assignment
INTRODUCTION
In order to accomplish the assignment of Contemporary Management, I have tasked to write the risk management plan for the strategic plan of my institution in general and to write the risk management plan for my department in particular. As an officer in charge of non fixed income in Investment department of xxx the following summarized the risk management plan for the strategic plan of my institution and the risk management plan for the investment department.
1. The risk management plan for the strategic plan of my institution
The risks management plan for strategic plan in my organization are as follows; first of all xxx is a institution with the key functions of pension and medical scheme, collection of contributions, investment of members funds and payments of benefits thus advising the government on social security matters.
The execution of above functions requires or needs setting realistic strategic plans and clear implementation mechanisms. In the setting the strategic plan the top management will be guided by the output of the environmental scanning and the implementation of the strategic objectives of the organization.
The top management’s environmental scanning reveals that it has a lot of strength, weaknesses, opportunities and threats, to enable it realize greater achievement in line with the vision of the organization.
Strategic plan in my organization must be for the period of three years as institution that governed by the government. This strategic plan is designed depending on the goals of the organization;
Goals Specific
References: • Chris Daykin, former Government Actaury of the UK Kingston, Jamaica,7 December 2009 • xxxx Strategic Plan for the periode of 2012 upto 2015 • Report 2013