Overview Roomii Toys
Romii toys is a kind of multifunctional children’s toy. Children can ride on it to go around by themselves, and it has a rope in front of the toy, which parents also can pull the child . Also there is a inside space, which can put other toys into it. Per toy cost is￡25 and price is￡ 69.99. The seller expected to obtain ￡7000.

Risk management process
Steps

Description

Roomii toys

Communicate This stage in the process is help In the case of Roomii toys, the and Consult

interested party

to understand seller deliver these information is

the subject, sharing the basic short and point,which basically accounting information(e.g cost, cover the main function. The toy expected earnings, main function)

can ride and pull as well as special wheels. Establish the This stage is define the internal The seller could clearly identify the
Context

and

external

influences, competitors and barrier, including

establishing the risk scope and specific

similar

product

criteria (e.g customers, suppliers, manufacturer and airline company. competitors). Risk

This stage involve developing a Three potential problems in the

identification

list of risks based on that event, case:1. Too many similar products

which will effect on the company 2. Tie margin cost 3. No attraction achieving the target(e.g margin cost )
Risk analysis

This step is analysis the likelihood With

the

development

of

and the consequence of the risk as technology, the type of children’s well as how it might impact the toys are numerous. So

the furious

organization(e,g the average cost competition might lead to reduce in in the industry, the speed of market space and price. There is selling). cut face on Roomii toys, which might not draw attention