User Account

All Pages

Provide an explanation of the risk register database

Assignment Help Operation Management
Reference no: EM131040603

Part I

Research one risk monitoring and one risk reporting practice your project's industry. Each synopsis must be no more than 300 words, including the following:

One risk monitoring (project risk response audits) and one risk reporting practice (anonymous risk reporting)

A description of the risk monitoring and reporting practices
An explanation of their links to other procedures
The positive and negative aspects of risk monitoring and reporting
Lessons learned that could be applied to your project

Part II

Provide an explanation of the Risk Register Database and the Project Summary Risk Report of their links to other procedures. Use the references. Below are excerpts from the references for both the Risk Register Database and the Project Summary Risk Report. 300 words or so.

A. The risk register stems from the risk management plan, but it is a separate and live document where you record information about risks as and when they get identified. Usual information in a risk register includes risk ID, name, description, project area or work stream, severity, likelihood, ownership, action/mitigation plan, dates (registered, closed, etc.).

B. Project status reporting contains a section on risk management, where new risks are presented along with any status changes of existing risks.

3 References:

Development, Continuing. "What Are The 12 Key Elements Of A Project Risk Register Template?". Continuing Professional Development. N.p., 2013. Web. 25 Apr. 2016.

Institute of Risk Management. (2016). Retrieved from https://www.theirm.org/about/professional-standards/strategy-and-performance/risk-performance-and-reporting

"Risk Managers' Forum-The Importance Of A Risk Register In Risk-Creating And Maintaining A Risk Register Protects The Assets Of A Business 01/13". Roughnotes.com. N.p., 2016. Web. 25 Apr. 2016.

Reference no: EM131040603

Questions Cloud

Explain the reason and justification for section of corp act : Research then explain the Reason and Justification for the following section of the Corp Act: SECTION 124, SECTION 129(1) and SECTION 588M(3)
Circular path and capable of terminating : If I am currently located at any node (let's call it A) and I want to find another specific node (let's call it B), what kind of algorithm would be most efficient in finding node B without getting stuck in a circular path and capable of terminatin..
Question regarding the linux system administration : A manager has asked the administrator to change the default background of her machine, which uses XDM. Which file does the administrator need to modify in order to achieve this?
Demonstrates the use of the command line : Using Notepad, write some usable code that demonstrates the use of the command line compiler to compile the code into a java.class file. Place at least one debug line in the code using a Java library utility such as printf. Be sure to upload both ..
Provide an explanation of the risk register database : Provide an explanation of the Risk Register Database and the Project Summary Risk Report of their links to other procedures. Use the references. Below are excerpts from the references for both the Risk Register Database and the Project Summary Ris..
How would you approach marketing product in an ethical way : To prepare a marketing campaign for one of your company's products, conduct research and provide an example of a marketing campaign from another company that has promoted unsustainable consumption habits.
What are the hazards of going off the end : What are the hazards of "going off the end" of a list, an array, or a string. What are some strategies I could use to prevent this from happening, or to detect it?
What is meant by the term risk management : What is meant by the term 'risk management' - what are the specific elements of a risk management course of action and Identify control measures to eliminate the risk
Order to participate in an integrated supply chain : Explain some of the common challenges and opportunities companies face when attempting when linking systems with another company in order to participate in an integrated supply chain.

Reviews

Write a Review

Operation Management Questions & Answers

  Discuss the nature of the costs that affect inventory size

Discuss the nature of the costs that affect inventory size. How the following issues can contribute to the cost of carrying inventory: stolen stock, inventory accuracy, inventory classification, inventory cycle counting, obsolescence.

  Hamlet has probably been translated

Hamlet has probably been translated into every written language under the sun, and continues to be staged and dramatized not only in the English-speaking world, but across the globe. What are the reasons for this popularity?

  Depicts how the wwf''s strategy has changed over time

To prepare for the Module 8 Critical Thinking assignment, please view the following video twice. The first time, just watch it. Then, review the video a second time and jot down any thoughts that you may want to recall later:

  Market and environmental analysis is to deal with changes

One of the goals of market and environmental analysis is to deal with changes. What is the rate of change in the market you are evaluating? For example, the rate of change in technology is much faster than the rate of change in other industries.

  Practices of global operations management

Apply theories, models, and practices of global operations management to address business problems. Integrate operations management analyses into general business management planning and decision making.

  Discuss in detail one step that a local business in industry

Businesses not only respond and react to external forces, but can also attempt to influence them. Discuss in detail one step that a local business in this industry can take to influence each of these external forces.

  What types of legal barriers to market entry exist

Why would the drug maker want to stymie generic competition. What types of legal barriers to market entry exist. What are the possible ethical dilemmas that are present in this example

  Analyze the diversity practices of your organization

Analyze the diversity practices of your organization to determine if it is engaged in surface-level or deep-level diversity. Provide specific examples to support your response.

  One employee suggested ways to load the ovens

At a staff meeting, one employee suggested ways to load the ovens differently so that more loaves of bread can be baked at one time

  Creating an overall organizational security plan

Write a 1,750- to 2,450-word paper (not counting your references page) that summarizes and integrates the following major concepts of physical security when creating an overall organizational security plan

  Computed the forecasting error

Computed the forecasting error using the exponential smoothing technique and computed the forecasting error using the weighted smoothing average method.

  Use to ensure that the advertising and production department

You have just been hired as a brand manager of toothpaste for a large consumer products company. Your job mainly involves encouraging the advertising and production groups to promote and manufacture your product more effectively. Describe the sources..

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