Explain why adding as much contingency reserve

Assignment Help Operation Management

Reference no: EM13845962

Explain why adding as much contingency reserve as needed to fully cover every risk to its fullest would or would not be a good idea. Think of an example to determine how much contingency reserve is needed for a project and why.

Reference no: EM13845962

Questions Cloud

Determine the range of annual production : A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor for $35 each or to produce them in-house. Determine the range of annual production for which each of the..

What assumption of risk varies depending on these roles : Oftentimes we think of the middleman is acting as the agent. There are two types of agency, however. One is when the middleman assumes the inventory and is responsible for the purchase and housing of it, and another, where he is only acting broker be..

Capacity decisions-affects facility size and organization : How would you deal with uncertain capacity decisions that affects the facility size and organization (e.g., suddenly increasing or decreasing demand for your product, major change in the availability of labor, a local supplier goes bankrupt).

What is meant by improving patient adherence : What is meant by improving patient adherence? Can health-related theories in psychology be used to predict who will and who will not adhere to medical advice? Why or why not?

Explain why adding as much contingency reserve : Explain why adding as much contingency reserve as needed to fully cover every risk to its fullest would or would not be a good idea. Think of an example to determine how much contingency reserve is needed for a project and why.

Distinguishing in time-dependent-time-independent resources : What is the importance of distinguishing between time-dependent and time-independent resources? Does it impact the project schedules and the cost risk analysis? Explain and provide an example of the pros and cons as it applies to project costs.

Socialist countries do not support the free market system : Explain why some socialist countries do not support the free market system. Why do they set limits in global business practices?

Activities tim should perform in planning the team meetings : Tim is the virtual team leader and rarely posts the meeting agenda or sends it out about one minute before the meeting, which includes action items for team members to report on. Many do not see the agenda or actions items until the meeting starts. D..

How starting international business in capitalist system : There are some advantages and disadvantages starting a new business in either political system. Obviously, there are some advantages for small businesses in the socialist countries, otherwise, all countries would support the free market. Explain how ..

User Account

All Pages