Discuss the cumulative effect of all risks

Reference no: EM132699825

Question: In many risk programs, risks are managed individually. A robust risk program, however, considers the cumulative effect of all risks. Assess the following scenario and identify the effect of multiple events on a risk management strategy:

When the Titanic struck the iceberg, the weather was bad, the lookouts were not properly equipped, the radio operator was not monitoring other ship traffic in the area, and the ship design had a major flaw in the construction of the hull's "watertight" compartments.

Reference no: EM132699825

Questions Cloud

How the item should be valued in accounting for acquisition : How the item should be valued in accounting for the acquisition, if the item is measured at fair value - how the fair value would be determined

Identify the effect of events on a risk management strategy : In many risk programs, risks are managed individually. A robust risk program, however, considers the cumulative effect of all risks. Assess the following.

Prepare an income statement for first month of operations : Melissa receives $1.80 per copy of the magazine and $0.45 per brochure. Prepare an income statement for the first month of operations

What is the npv for the project for vitalife pty ltd : What is the NPV for this project? $. Case sensitive. Type in 120,000.00 (two decimal places) for $120,000.00, or -120,000.00 for negative $120,000.00.

Discuss the cumulative effect of all risks : In many risk programs, risks are managed individually. A robust risk program, however, considers the cumulative effect of all risks. Assess the following.

What is Luisa total revenue for a month : Purchase of three leashes at $10 each (she carries these with her in case a leash breaks during a walk). What is Luisa total revenue for a month

What is the new temperature of the gas : The temperature of a gas is 100 K and its volume is 500.0 ml. If the volume increases to 1,000.0 ml. What is the new temperature of the gas?

Identify and obtain the resources and equipment : Identify and obtain the resources and equipment that are relevant to perform the required calculations effectively, including handheld calculators.

Discuss steps in a secret ballot representation election : Identify and discuss in detail the steps in a secret ballot representation election. Who initiates this process? Explain. Your response should be at least 300.

User Account

All Pages