Ford Motor Company: Risk Assessment

Paper Summary:

In this paper, the writer explains that given the highly confidential nature of the content management, pricing, product, service and distribution data delivered to Ford Motor Company locations and the applications for order status, online ordering and quoting being central to the structure of the company, there are many business and security risks of propagating these tools to their dealers. The writer notes that security risks, internal risks of embezzlement and fraud, risks of valuable pricing and volume data being comprised, and the risks of a natural disaster all must specifically be planned for in any risk assessment. The writer concludes that managing risk by focusing on the value of assets and the need to protect core intellectual properties is a core requirement for Ford going forward.

Outline:
Ford Motor Company Risk Assessment
Ford's Need For A Risk Management Plan
References

From the Paper:

"First with security risks the impact could be in the range of between $20M to $100M per dealer being fired, as this is the typical dealer backlog in each region. Coupling this with the risks of embezzled and misdirected funds due to lower morale, and the costs could easily go into the hundreds of millions of dollars. The risks of firing dealers and have them sell their pipelines to competing dealers or take the pipeline and redirect them to new car models is significant."
"Take just fleet sales for example. This could be a major risk of redirected sales pipelines and "sold" pipeline lines to other dealers that for a large dealer in a major metro market say for example Los Angeles, could amount to over 50,000 vehicles a year."

Sample of Sources Used:

• Carnegie-Mellon (1996) - Definition of Software Risk Assessment Concepts and Directions: -Retrieved from the Internet on October 15, 2006 from: http://www.sei.cmu.edu/pub/documents/96.reports/pdf/tr012.96.pdf
• Department of Energy (2006) - From the CIO's website for the US Department of Energy, Retrieved from the Internet on October 15, 2006 from: http://cio.doe.gov/ITReform/sqse/index.html
• Risk Management (2005) - Acquisition and Program Risk Management Guidance - Volume 2: Chapter 4 -Retrieved from the Internet on October 15, 2006 from: http://nasdocs.faa.gov/nasiHTML/risk-mgmt/vol2/04_ch_v2_01.html

More papers on Ford Motor Company: Risk Assessment:

• Case Study # 147636 : "Ford Motor Company of Canada"
• Analytical Essay # 131067 : "Ford Motor Company and its History"
• Term Paper # 122130 : "Ford Motor Company and American Culture"

APA Citation:

MLA Citation: