Risk response and implementation strategy

Assignment Help Operation Management
Reference no: EM132808983

Risk response strategies are the ways in which risks can be handled if they occur. For negative risks, the appropriate strategies are: accept, mitigate, avoid, and transfer. For positive risk, the strategies are: accept, enhance, exploit, and share.

For each of the risks, discuss whether the risk is a positive or a negative one.

1. Discuss the type of risk response and implementation strategy that is appropriate for each risk.

2. Why is this strategy appropriate for this risk?

3. How will you work with the project team to determine the risk response and implementation strategies for each risk in your project?

Reference no: EM132808983

Questions Cloud

Explore diversity in dimension of non-visible disabilities : Explore diversity in dimension of non-visible disabilities. How can businesses marginalize employees with non-visible disabilities and what type of policies
Calculate sweet acacia rate of return on assets : Calculate Sweet Acacia's rate of return on assets using the asset turnover and profit margin, and using net income. Calculate Sweet Acacia's profit margin.
The realm of business : Let's discuss some areas of opportunity (problems) within the realm of business. Why do you believe it's a problem? What are some possible solutions?
Make the journal entry to record depletion : Make the journal entry to record depletion. Marigold Corporation, a publicly traded mining company, acquires a mine at a cost of $620,000.
Risk response and implementation strategy : Discuss the type of risk response and implementation strategy that is appropriate for each risk.
Estimate the total taxes for the owners on the sale : Estimate the total taxes for the owners on the sale. Assuming that the allocation of selling price is $3,500,000 to land, $11,950,000 to building and $50,000.
How coca-cola secures competitive advantage : Explain how Coca-Cola secures a competitive advantage. Using material from this module, what strategies did Coca-Cola implement?
Prepare the balance sheet for blaze industries : Prepare the 2011 balance sheet for Blaze Industries. Be sure to use the proper format. If you need to research the format for balance sheets
Advertisement and unaudited financial statements : The owner of paperwork pty decides to sell the stationary business. He advertises the business for sale by saying the business has good prospects

Reviews

Write a Review

Operation Management Questions & Answers

  Safety stock and determine the reorder point

The store wants to maintain a service level of 95%. Calculate the safety stock and determine the reorder point.

  Illustrate what is nominal percent return

Illustrate what is nominal percent return. Explain how would inflation alter those returns also illustrate what would real rate of return be.

  Discuss the four generic strategies including the pros-cons

Discuss the four generic strategies (cost, focus, etc.) including the pros/cons of each and when they might be most effective.

  Create tally sheet of different reasons for rejection

At XYZ Company, a custom manufacturer of printed circuit boards, the finished boards are subjected to a final inspection prior to shipment to its customers.

  Describe programs-initiatives within the affordable care act

Describe programs / initiatives within the Affordable Care Act ACA aimed at restructuring the current health insurance marketplace.

  What recommendations would you make for the management team

Research the company and compile a SWOT analysis identifying a minimum of four elements under each of the strengths, weaknesses, opportunities, and threats.

  Determine the capacity utilization for labor and machine

Determine the capacity utilization for labor and machine for each of the four weeks. In which weeks do you foresee a problem? What options would you suggest to resolve any problems?

  Components of good project management practices

Discuss from some of the most important components of good project management practices.

  Organizations spend millions to communicate their messages

Organizations spend millions to communicate their messages to gain and keep their customers;

  Define information and systems architecture.

Define Information and Systems Architecture. Determine the Business IS strategy.

  Find example in reputable periodical

Find an example in a reputable periodical of one of the common barriers to critical thinking.

  Is buying insurance enough to deal with delivery risk

Is buying insurance enough to deal with delivery risk? If not, what additional steps should a seller take when contracting to sale goods internationally?

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!

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