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1. In which risk response strategy is the impact or probability of the risk reduced for a negative risk and increased for a positive risk?
Transference and sharing
Exploitation and avoidance
Acceptance and avoidance
Mitigation and enhancement
2. You have completed all design drawings and have a complete scope for your project. You need to hire a contractor to build the product to your designs. Which type of contract would be best in this situation?
FPEPA
T&M
CPIF
FP
3. Qualitative risk analysis is the process of prioritizing risks for further analysis or action. What are the factors used to complete this process?
Threats and Opportunities
Expert Judgment and Urgency Assessment
Impact and Probability
Modeling and Simulation
Give an example of a time when you jumped to a conclusion, or made a hasty inference, and made a series of decisions based on that first faulty inference. Describe the situation, and identify the facts and inferences that were made in the situation. ..
A customer order decoupling point is where inventory is stored awaiting demand from the customer.
Does the organic organization have an advantage over the formal organization in today’s business world? Or are firms losing too much control trying to be organic?
How are the four functions of management relative to creating and implementing a strategic plan?
The system reliability for a three-component series system is 0.911988. If the reliability of the first and third components is 0.94 and 0.98
Think about someone you previously worked with or for either in a business, in a student organization, on a sports team,
Telecommuting allows employees to work off site. What are the pros and cons associated with taking a class online?
Give examples of a low context culture and a high context culture. What differentiates them? Do they have any similarity?
Based on your experience in this senior project class and your education in electro mechanical engineering technology program, evaluate your an ability to select and apply the knowledge, techniques, skills, and modern tools of the discipline to broad..
Abby has heard that there is a better way to make this purchase and wants to use economic order quantity (EOQ) to determine how much to order and when to order.
Forecast the total number of bicycles built over the next 3 weeks. Can the bicycle shop deliver these orders on time?
In monitoring this team, at what level and function do you see the most serious problems? Internal task? Internal relational? External?
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