User Account

All Pages

How do you manage risk

Assignment Help Project Management
Reference no: EM133510766

Question

Once a risk is identified and analyzed, we need to manage it. Let's take the following case: Suppose your company has a data center in Florida, USA. A hurricane may hit the region where the data center is located. The probability that it hits your data center is 20% (note: the probability that it does NOT damage the data is 80%). If it hits your data center, you will incur $1,000,000 in damages. How do you manage this risk?

Reference no: EM133510766

Questions Cloud

Develop a stakeholder map : Compare and contrast how ideas about sustainability were defined by the different stakeholders on your map - Describe how these actors use narrative devices
What extent is economic inequality fair : To what extent is economic inequality fair? Did Doug have the right to vent his anger in such a violent manner?
Severely damaged his hippocampus : A man is rushed to the hospital after an injury that severely damaged his hippocampus. What kinds of problems might he expect due to this damage?
What would you as uninsured consumer request in health plan : Answer the following questions: What would you as an uninsured consumer request in a health plan? List three issues and explain why.
How do you manage risk : Once a risk is identified and analyzed, we need to manage it. How do you manage this risk?
What is the definition of patient flow : What is the definition of patient flow and the factors that can influence patient flow in a healthcare organization
Briefly describe a situation that has happened in your life : ETH/316- Briefly describe a situation that has happened in your life or that you are familiar with where you experience or were told about ethical perspectives.
Supply chain and operations management : Describe how supply chain and operations management supported, made possible bringing your services or goods from their original source to your customers hands
Outline how the legislation applies to civil works : RIICWD601E Manage Civil Works Design Processes - List three different legislation relevant to civil works design processes Identify the purpose of legislation

Reviews

Write a Review

Project Management Questions & Answers

  Calculating optimal production batch size1jims knives

calculating optimal production batch size1.jims knives manufactures knives for a certain retail store. his skilled

  Scheduling and project management of dellshow how project

scheduling and project management of dell.show how project management influences other departments and functions of

  Productive and counterproductive conflictsshow the

productive and counterproductive conflictsshow the differences between productive and counterproductive conflicts.

  Discuss quality management business excellence

Discuss Quality Management Business Excellence as a competitive strategy toward sustainable business success. Provide examples of companies that apply

  Explore the internal organisational factors

Explore the internal organisational factors, risk, culture, change activities, structure, nature of the business, factors of future business intentions

  Given the network plan that follows

Given the network plan that follows, compute the early, late, and slack times. What is the project duration? Could something like this happen in real projects

  Determine steps involved in project communication management

Determine steps involved in Project Communication Management in order of priority.

  Task 1evaluate the use of three different process planning

task 1evaluate the use of three different process planning techniquesselect and assess the use of a capacity assessment

  Calculate as an ear

If the next dividend is to be paid later today, and one preferred share currently costs $204, what is the cost of preferred equity?

  What makes a project unique compared to tasks people

What is a project? What makes a project unique compared to tasks people undertake in their everyday work life? Give an example of a project.

  Explain bundle of sticks idea as it relates to real property

Explain the bundle-of-sticks idea as it relates to real property.- Explain the five possessory interests in land.- Explain the bundle-of-sticks idea as it relates to intellectual property.

  Selection criteria you would use to -weed the siteswhen

selection criteria you would use to -weed the siteswhen youre working on your final project you are responsible for

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd