Schedule cost-mitigation plan and contingency plan

Assignment Help Operation Management
Reference no: EM131746050

(Short Answer) Select ONE of the following scenarios, identify ONE reasonable risk in that scenario, write an appropriate complete statement for that risk including: risk, probability, impact, impact cost or schedule cost, mitigation plan, and contingency plan. (hint: see HW4 notes in chapter 8 slide deck)  Note: I don't want to be grading forever, so be concise, points off for excess verbosity.

Option 1: A new virtual reality, massively multiplayer role playing game has been released. Only 10,000 copies were sold in the initial offering and you have managed to buy one of those. You played in the beta test and feel confident about your abilities and you already have the necessary neural helmet that will transfer your consciousness into the game while you play. You are all set to put on your helmet and say "Link Start!" But, could there be any risks...?

Option 2:  You are have realized your dream to become the first human to walk on Mars. As you look down from your orbiter and see the your first sunrise over the red planet, you think about the next step in your mission. You will board the lander, strap in, close the air lock with the orbiter, and launch the lander. At the appropriate times, you will engage the retro-thrusters, then the parachute, and finally, the enormous spherical bumpers at the 4 corners of your pyramidal lander. Then stand by for a bumpy ride. What could possibly go wrong...?

Reference no: EM131746050

Questions Cloud

Discuss the comments by the spintex branch manager : With the reference to the comments by the Spintex branch manager, critically evaluate the budgetary practices that may have led to such comments
Define the type of innovation : After completing the weekly reading, find an organization/ company that you feel is innovative and define the type of innovation
Fit a model predicting the second midterm score from first : The data set below shows midterm scores from an Introductory Statistics course. Fit a model predicting the second midterm score from the first
Write a program which read in information for multiple books : Write and implement a C++ class which represents a Book, and use this class in a main program which reads in information for multiple books from a data file.
Schedule cost-mitigation plan and contingency plan : Risk, probability, impact, impact cost or schedule cost, mitigation plan, and contingency plan.
Discuss revenue should sandhill report for the sale : What amount of revenue should Sandhill report for the sale of the 11,700 units in the first quarter of the year.
Example of mission statement quizlet : Which of the following is an example of a mission statement quizlet
What is this isac now doing to protect and preserve : Research and discuss an ISAC that is related to some aspect of public transit.What is this ISAC now doing to protect and preserve our public transit system?
Discuss a payment of salaries and wages expense : Andrew Clark Company discovered the following errors made

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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