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Competition risks?

Oliver Wyman case: On the Right Track Risk Management
New answer on Oct 05, 2020
2 Answers
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Raouf asked on Oct 05, 2020

Hey everybody,

The case didin't talk about the risks of competition offering better bids?

And what if we loose the project? What alternatives can we have?

Even if the client didn't ask for it, is it useful to bring the possibility?

(edited)

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Anonymous replied on Oct 05, 2020

Hi Raouf!

Not sure what case you're referring to, but you can always bring up additional risks - but I would rather phrase them as subject of next step analyses.

Hope this helps - if not, a bit more context would be helpful!

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Raouf on Oct 05, 2020

Sorry, I have just updated my question. It was about the Oliver Wyman : On the right track case. Thanks for your answer.

Ian
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replied on Oct 05, 2020
#1 BCG coach | MBB | Tier 2 | Digital, Tech, Platinion | 100% personal success rate (8/8) | 95% candidate success rate

Hi Raouf,

The case context would be good :)

That being said, everything you said is "Risks". This portion of your case is at the end of the case. Here you need to:

1) Provide a recommendation

Direct, clear, sharp, and to the point. Then, include reasons why. (So, what do we need to do any why)

2) State the risks

This is what you're asking about! You need to state 2-3 risks that relate to your recommendation. So 1) If the competition offers better bids 2) If we lose the project

3) State the next steps

Next steps have to mitigate your risks. So, everything you've said above, what do we need to do? Let's look at alternatives just in case we lose the bit. Let's do research and try to figure out what their bids are so that we can outbid them (or be prepared to lose).

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