Defining the problem or the risk is important

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Reference no: EM13743563

Question 1 Defining the problem or the risk is important. How many of the following hold true in this regard?

a) Time is money, hurry up.
b) Situations change, stick to the first analysis.
c) Some decisions should be left to fate.
d) Most often, fast decisions are better.

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Question 2 How many of the following hold true for risk or problem definitions?

a) Redefining problems weakens the outcome as it removes stability.
b) Narrow problem definitions avoid the problem of expansive thinking.
c) It is bad to give short shrift to a problem definition.
d) You can get better data by not wasting time on the problem definition.
e) You should verify that there are no constraints in your problem definition.

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Question 3 In terms of core definitions of the last two weeks, problems:

Carry little risk
Are uncertain alternatives
Resemble scatariums
Are confirmed future risks
Have a high probability of occurring
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Question 4 The Monte Carlo approach refers to:

Big decisions about expensive items
Likelihood of complex random events
European process approaches
Confirming evidence trap
Gambling on a good outcome

Question 5 Which of the following is not a process of your problem analysis?

Review the data related to your objectives
Segment only part of the problem
Identify other problems related to this problem
Develop a plan to address the problem
Isolate the cause or trigger

Reference no: EM13743563

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