The paper “ Project Risk Management Guideline - Managing Risk in Large Projects and Complex Procurements” is an affecting example of an annotated bibliography on management. Volkswagen Group (VW) operates with the locomotive industry. The company aims to install a software program, “ defeat device, “ rather than the physical device into the control computer of the engines to detect when the car was undergoing the emissions testing. The project type was Vehicle Emissions Systems, which the company approximated to cost $18B. Effective implementation of the program would retune the engine and minimize emissions.
In doing so, the company will be making a contribution to the efforts made globally to curb carbon emissions into the atmosphere. Currently, some Volkswagen diesel cars discharge up to 40 times the required average for the nitrogen oxide. With regard to the project, VW has a team of qualified personnel with proficiency in risk management on matters relating to the installation of the software. Program failure might result in detrimental effects of pollution and make organizational reputation at stake. There are measures in place to monitor the effectiveness of the program; installed pollution detectors, which quantify the amount of carbon, generated during testing; and reliable and effective occupational health and safety (OHS) teams that ensure compliance with regulations guiding emission rates.
With an adequate number of trained and qualified engineers on software development, the company enjoys an array of knowledge and skills from the employees who ensure efficient risk management practices. The Annotated BibliographyMamalis, A. G., Spentzas, K. N., & Manali, A. A. 2013. The impact of the automotive industry and its supply chain to climate change: Somme techno-economic aspects. European Transport Research Review, 5(1), 1-10.The article focuses on the graphical representation of carbon dioxide emissions within the automotive industry.
The data from the research shows that automobiles contribute more than a quarter of the CO2 emissions.
Bedford, T., & Cooke, R. 2015. Project risk management. Probabilistic Risk Analysis, 21(7), 299-315.
Cooper, D. F., & Broadleaf Capital International. 2005. Project risk management guidelines: Managing risk in large projects and complex procurements. West Sussex, England: J. Wiley.
Häring, I. 2015. Introduction to Risk Analysis and Risk Management Processes. Risk Analysis and Management: Engineering Resilience, 12(7), 9-26.
Korff, D. 2012. Automated Processes of Identification, Behavioral Analysis and Risk Detection (Including Technologies for the Use of Images and Airport Security Control). SSRN Electronic Journal, 12(5), 152-172.
Mamalis, A. G., Spentzas, K. N., & Mamali, A. A. 2013. The impact of automotive industry and its supply chain to climate change: Somme techno-economic aspects. European Transport Research Review, 5(1), 1-10.
Sandalow, D. 2009. Emission Rates for Modern Vehicles. In Plug-in electric vehicles: What role for Washington? (pp. 122-127). Washington, DC: Brookings Institution Press.
Smith, D. J. 2005. Reliability, maintainability and risk: Practical methods for engineers. Amsterdam: Elsevier Butterworth-Heinemann.
Young, T. L. 2007. The handbook of project management: A practical guide to effective policies, techniques and processes. London: Kogan Page.