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Risk management applications

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Risk Management Applications: Share your insights. How does risk fit on the range of certainty and uncertainty?

The council members of PALIPARAN are very proud of the proposed new airport they are discussing at a council meeting. When it is completed, PALIPARAN will finally have regular commercial air service. Some type of fire protection is needed at the new airport, but a group of citizens is protesting that PALIPARAN cannot afford to purchase another fire engine. The airport could share the downtown fire station, or the firehouse could be moved to the airport five miles away. Someone suggested a compromise-move the facilities halfway. As the council members left their meeting that evening, they had questions regarding this problem.

  1. What questions would you raise?
  2. How would you handle this problem using the information discussed in this chapter?

Reference no: EM132616897

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