Updated: Jan 16th, 2026

Risk Identification and Management in Global Green Books Publishing Standard Projects Research Paper

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Table of Contents

Introduction
Risk Identification and Discussion
Corresponding Skills and Competencies
Conclusion
References

Introduction

Effectively identifying risks and ensuring the right level of response and counteraction is an integral part of any project. Undoubtedly, the issue of identifying standard projects, their benefits, features, and potential problems is pretty broad for Global Green Books Publishing, or GGBP, in its third year of operation. Identifying and reducing the likelihood of risks in this area is one of the most critical tasks because of the importance and profitability of standard projects. Their management requires the clear identification of all possible complications, the development of countermeasure strategies, and the allocation of the necessary competencies within the team.

Risk Identification and Discussion

Thus, for the convenience of formulating the hazards in this area of activity, the company creates a risk matrix in table format. The most evident and required recommendations that can be applied in each case are given to enable further discussion and the construction of effective counter strategies (Tab. 1). The matrix of risks allows one to systematize, classify, and catalog all possible complications in the organization’s activity (Rane et al., 2021). All identified risks in standard projects are addressed through proactive or reactive mitigation, prevention, or acceptance methods.

Table 1. GGBP Standard Projects Risk Matrix

Inadequate Resource Planning
Possible Cause	Shortage or lack of equipment and resources in reserve
Probability	Medium
Impact	High
Recommended Response	Centralized planning can be applied, and the availability of equipment and resources should be maintained through regular assessments. Shortages, unavailability, or non-optimized resources should be identified and addressed in the format of such audits.
Quality Issues
Possible Cause	Mistakes or inaccuracies in standard e-books, format problems
Probability	Medium
Impact	High
Recommended Response	Strengthening the reliability of the quality control process by including multiple checks at different stages. Ongoing staff training and motivating feedback from employees and customers to improve attention to detail and accuracy can be applied.
Lack of Experience and Training
Possible Cause	Employees’ lack of familiarity with printing and binding equipment, unfamiliarity with work methods
Probability	High
Impact	Medium
Recommended Response	Reinforcement of the training package for students involved in the workflow is recommended. Equipment skills can be reinforced and created through cross-training, internship, or mentoring. In doing so, each employee should be able to handle all equipment and be versatile, which will increase the overall risk tolerance and efficiency of the GGBP.
Incomplete Orders, Lack of Circulation
Possible Cause	Lack of adequate deadlines and estimates of time needed for the task
Probability	High
Impact	Medium
Recommended Response	Develop a standardized template for job orders that includes all necessary tasks and conduct thorough reviews of job orders before assigning tasks to workers. Project managers or supervisors should perform these operations immediately upon receipt of an order.
Late Delivery
Possible Cause	Unpredictable arrival times of orders from professors and other clients
Probability	Low
Impact	High
Recommended Response	The danger level is high because an important order may not be delivered on time. Thus, a buffer in the work schedule and increased turnaround times are needed for such cases. Communication with customers, including professors, can be more detailed to get all the details.
Risk of Changing Requirements
Possible Cause	Additional edits or changes were added during production or missed during order acceptance
Probability	Medium
Impact	Medium
Recommended Response	Clear communication with customers will help determine all order details and expected deliverables and facilitate volume management. In addition, prioritization of additional requests can be implemented as part of the project control and change process.

Corresponding Skills and Competencies

Among the three core competency areas for risk awareness and management for team members are analytical, communication, and problem-solving skills. For example, analytics contribute to identifying and assessing risks, further prioritizing countermeasures, and determining the level of resources needed (Crovini et al., 2021). Problem-solving skills include resilience in the face of unforeseen complications and general behavior in unconventional situations, leading to effective action and removing obstacles. Communication skills are the basis for staff members’ ability to communicate with faculty and other clients as external and internal stakeholders. They contribute to understanding requests and determining the terms of orders, as well as helping manage expectations and solve problems.

So, as a rationale, it is necessary to answer why these three skills are the most important in effectively determining risks in standard GGBP projects. They qualify because they are essential at every risk management stage – predicting, identifying, and dealing with the consequences. In this format, decision-making contributes to creating the right strategy to avoid risks and rapidly mitigate or reduce the effects of problems that have occurred (Strang & Vajjhala, 2022).

Analytical skills contribute to a competent understanding of how this should happen and identify the causes and probabilities of risks. Communication is an indispensable tool in each of the stages described above, which depends not only on the effectiveness of cooperation and problem-solving but also on the possibility of avoiding any difficulties in advance. With the help of these skills, the team member can foresee the potential risks and take the appropriate risks to minimize their impact on the project results.

Conclusion

Thus, when considering risk management in standard GGBP projects, it is necessary to identify all possible complications, find countermeasure strategies, and train relevant competencies within the team. When faced with problems in project delivery, quality, and cost-effectiveness, the organization in question can reduce or offset its damage, provided there are proactive measures. By considering the problems from the analyzed case scenario listed in the risk matrix, company representatives can prepare themselves, adapt to the probability, and respond to each issue that arises promptly and appropriately.

References

Crovini, C., Santoro, G., & Ossola, G. (2021). Rethinking risk management in entrepreneurial SMEs: towards the integration with the decision-making process. Management Decision, 59(5), 1085–1113. Web.

Rane, S. B., Potdar, P. R., & Rane, S. (2021). Development of Project Risk Management framework based on Industry 4.0 technologies. Benchmarking An International Journal, 28(5), 1451–1481. Web.

Strang, K. D., & Vajjhala, N. R. (2022). Testing risk management decision making competency of project managers in a crisis. The Journal of Modern Project Management, 10(1), 52–71. Web.