Innovation and Risk.

DUE: 11.17.14 @11:59PMFirstly, in this Assignment, you will explore the risks associated with not carrying out the steps in the Innovate Phase properly and you will examine which types of innovation activities would be best.Secondly, in this Assignment, you are going to evaluate the Supporting Business Process based on criteriadetailed below.Thirdly, for this Assignment, write a paper that answers the following questions (use the subheadings/numbered questions below to organize your paper):Question 1 – Risk AnalysisWhich of the steps for the Innovate phase do you think is most critical for your BPM project?1. Explain the importance of the step for your selected process. Be specific to your situation; do not                        describe the significance of the step in general terms.2. Justify your answer by stating what risks will arise if the step you identified is not carried out properly.3. Explain what measures you will take to implement this step properly and mitigate these risks in your                project.NOTE: Do not provide generalities. Make sure you are specific about both the risks and the measures as they apply to the Supporting Business Process.Question 2 – Innovation ActivitiesThere are many different activities for creating solutions identified in the Understand phase. The effectiveness of these activities depends on many factors, including the organizational makeup and the circumstances of the process. Describe an innovation activity that you think will work best for your selectedorganization.Include the following details:1. Describe the activity.2. Describe the objectives of the activity.3. List who should be participating.Assignment Requirements:>Cover page, “Discussion”(3 COMPLETE pp.), and Reference page=5 COMPLETE pages.(Nothing less then 5 pages!)>Identify the risks associated with the Innovate Phase and suggest measures to mitigate them.>Describe an appropriate innovate activity to generate solutions.>Responses must demonstrate critical thinking and analysis and exhibit application of information.>Clear business writing: Spelling and grammar are acceptable. Effective use of APA. Follow the required format and instructions above!>3 sources in APA citation(Nothing less then 3, and it’s not necessary for more)>Font size: 12>Double-spaced(No spaces between paragraphs)>Lastly, but not least, NO PLAGIARISMIf you can’t adhere to these clear instructions above, please, do me a favor and don’t waste my time sending a handshake. Thank You.*Homework Field of Study: Business Process Management(BPM)If you don’t have expertise in this area of study please don’t waste my time sending a handshake.