• Business Game - Risky Business

Course Description

An online game that is focused on risk management. The participants will have to make the right decision in a short period of time to lead their companies out of financial difficulties. The participants will have to manage a huge virtual company, which is faced with serious financial difficulties. The goal of the game to optimize all business processes, increase company's profitability and enter new markets.

Who might be interested

Entrepreneurs, managers, corporate trainers, business and economics students.

What Will You Learn

During the course the participants will be involved in these activities and business processes:

  • Risk management.
  • Production management.
  • Business planning.
  • Business expansion.
  • Supply chain management.
  • HR management.
  • Sales.

The course is primarily focused on the development of such skills as:

  • Risk identification.
  • Risk management.
  • Decision making.
  • Analytical thinking.
  • Strategic and systematic thinking.

Commitment

The game lasts up to 6-7 hours, the intensity is one turn per hour. Based on that you can plan how much time you can devote for working in the simulation environment.

Participants can access the game from any computer with internet connection and internet browser. The number of participants is unlimited.

* Recommended in combination with
Master Class on Project Risk and Change Management by Dr. Alexander N. Pavlov

Format

Delivery format Online
Participation Individual / Team
Duration 1 day
Number of turns from 6 to 7
Turn intensity Every clock hour
Materials Direct support and pdf materials
Languages English, Russian

Course structure

Module 1: Introduction to the game.

  • Introduction. Game objectives and its dynamics.
  • Theory. The basics of production and quality management.
  • Introduction to SBS. Managing supplies, equipment, staff and production.
  • Task: Project planning according to time structure of the turn.

Module 2: Operations management and expansion initiation.

  • Theory and introduction: manufacturing process and SBS interface.
  • SBS tasks. Ensure stabile manufacturing processes, initiate expansion projects.

Module 3: Continuous management and risk identification.

  • Repetition of theory and SBS introduction: manufacturing process and SBS interface.
  • SBS Tasks. Ensure stabile manufacturing processes, proceed with expansion projects.
  • Risk management task: project risk list.

Module 4: Advertising campaigns and business efficiency.

  • Repetition of theory and SBS introduction: manufacturing process and SBS interface.
  • SBS Tasks. Ensure stabile manufacturing processes, proceed with expansion projects.
  • Risk management task: project risk diagram.

Module 5: Restaurant management.

  • Repetition of theory and SBS introduction: manufacturing process and SBS interface.
  • SBS Tasks. Ensure stabile manufacturing processes, proceed with expansion projects.
  • Risk management task: project risk response plan.

Module 6: Restaurant management.

  • Repetition of theory and SBS introduction: manufacturing process and SBS interface.
  • SBS Tasks. Ensure stabile manufacturing processes, proceed with expansion projects.

Module 7: Game results and discussion.

  • Game results.
  • Discussion on the effectiveness of the risk project management.
  • Summary of the project lessons learned.

Master Class on Project Risk and Change Management by Dr. Alexander N. Pavlov

Contents of the course:
  • Introduction to Project Management.
  • Project Risk Management.
  • Project Change Management.

Course expectations:

  • Learn about the world’s best project management practices during the course and add something new to one’s arsenal.
  • Obtain a comprehensive systematic picture of project risk and change management.
  • Knowledge of project management terminology and methodologies will help reaching an understanding with other stakeholders.
Combined duration of the master class and business game – two days.

Authors

Dr. Alexander N. Pavlov
PhD, PMP®, СPM®, PRIMЕ®

Founder and CEO at Alexander Pavlov Project Management School

PMP, Project Management Professional, PMI Certified (2000). Holds PhD in Information Systems Design & Development. Successful managing and supervising positions at IBM East Europe/Asia, TranTeleCom, Russian Ministry of Atomic Power Information Center, PM Expert

Minvydas Latauskas
Head of Product Development
Simformer

Certificate of Completion

Digital Certificates may be placed on the participants' personal profiles in LinkedIn.

Simformer Business Simulation is a multiuser business simulation environment, accessible through any browser. Every participant (or a team of participants) run their virtual company. The company may consist of various subdivisions: from extracting and processing natural resources to producing  finished goods and selling them to end users. Depending on the simulation settings for a particular case, at the beginning the participants receive a pre-configured company or just money fund. During the game, the participants can open a variety of subdivisions (the range of subdivisions depend on the simulation settings). Managing of  subdivisions includes all key business processes and functions: HR, production, marketing, sales, logistics, strategic management, finance, supply, etc. The actions of all participants are repeatedly processed by the system, depending on the frequency of business simulation turns. The Intensive mode is hourly turn- based, the Classic mode is daily turn-based.  The unique feature of Simformer Business Simulation is that the game world is not predetermined by algorithm. The participants have impact on the changes on the market, which in turn influences the actions of the participants. In addition, all participants are interconnected: they buy and sell the goods, equipment and raw materials to each others. These actions create  lifelike market environment with its risks and uncertainties.

Login on Simformer platform, using the login and password, which you received during the registration. Select the relevant course in the left treeview menu.

enter_simformer_business_simulation_screen

In order to enter the simulation, click on the «Enter Simulation» link.

Simformer Business Simulation can be beneficial to a wide range of participants: university  professors, instructors, students, entrepreneurs, managers, e-learning specialists, business coaches and trainers.

The participants should have computers, web-browsers, internet connection; they need to be registered users or be a part of a registered team.

The participants can spend unlimited amount of time in the simulation. In fact, you would need to spend as much time as possible to develop your successful virtual business.

We also recommend testing your abilities in the business simulation before starting to play and become familiar with video guides, rules and other materials.

Login on Simformer platform, using the login and password, which you received during the registration. Select the relevant course. Watch the simulation video guide. In addition to that, there are a number of hints that could be found in the simulation, which will help you to select the  required number of employees, necessary equipment, salaries, etc.

Your virtual business will be interconnected with the virtual businesses of other participants; you will purchase and sell equipment, raw materials and finished goods.

The actions of all the paticipants are processed by the system with a certain intensity, depending on  the frequency of simulation turns.

In order to share one company, the participants have to divide into teams. The team uses one login and password to manage the virtual company. It is possible to access the simulation from one or several computers. All team members see the same functions in the simulation. Therefore, the participants must coordinate their decisions with each other, delegating the responsibilities and duties (e.g., subdivisions) or business functions (CEO, marketing, finance, HR, manufacturing, etc.).

No, but the Certificate of Completion can be used to demonstrate your interest in learning about this area to potential employers or educational institutions. It can also be uploaded to your social networking sites.

Business Game - Risky Business

Tags: business-game, risk-management, risky-business