Scope creep is good-risks are managed individually

Assignment Help Business Management
Reference no: EM132668722

Scope Creep is Good

In many risk programs, risks are managed individually. A robust risk program, however, considers the cumulative effect of all risks. Assess the following scenario and identify the effect of multiple events on a risk management strategy:

When the Titanic struck the iceberg, the weather was bad, the lookouts were not properly equipped, the radio operator was not monitoring other ship traffic in the area, and the ship design had a major flaw in the construction of the hull's "watertight" compartments.

Reference no: EM132668722

Questions Cloud

Which elements is most likely to be a component : Which elements is most likely to be a component of a direct reporting assurance engagement? low level of assurance. / absolute assurance.
Part of the selection process : Your team is thinking about ways it might use My Marriot Hotel game as part of the selection process.
How non-control interest affected by intra-group transaction : Find what portion of the intra-group transactions between the parent entity and the subsidiary entity will need to be eliminated on consolidation?
Implement dynamic scheduling : Lab Context-switching, Kernel Instrumentation, and Dynamic Scheduling - context-switching to handle corner cases when instrumenting XINU to monitor system
Scope creep is good-risks are managed individually : In many risk programs, risks are managed individually. A robust risk program, however, considers the cumulative effect of all risks.
Explain the external storage technologies : Conduct research on the future directions for external storage technologies. Compile a list of the various flash memory devices available today on the market.
How should the opening balances of contra-accounts be enter : How should the opening balances of contra-accounts be entered? Under which preference heading would you find the option to use account numbers?
How does netflix acquire content in the vod business : How does Netflix acquire content in the VOD business? In the DVD-By-Mail business, the "Right of First Sale" applied, but not in the VOD business.
How are opening balances added for an expense account : How are opening balances added for an expense account? Which account type should be chosen for account used to record customer credit card receipts?

Reviews

Write a Review

Business Management Questions & Answers

  Caselet on michael porter’s value chain management

The assignment in management is a two part assignment dealing 1.Theory of function of management. 2. Operations and Controlling.

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. Due to increase in the preference for light beer drinkers, Chris Prangel wants to introduce light beer version in Mountain Man. An analysis into the la..

  Mountain man brewing company

Mountain Man Brewing, a family owned business where Chris Prangel, the son of the president joins. An analysis into the launch of Mountain Man Light over the present Mountain Man Lager.

  Analysis of the case using the doing ethics technique

Analysis of the case using the Doing Ethics Technique (DET). Analysis of the ethical issue(s) from the perspective of an ICT professional, using the ACS Code of  Conduct and properly relating clauses from the ACS Code of Conduct to the ethical issue.

  Affiliations and partnerships

Affiliations and partnerships are frequently used to reach a larger local audience? Which options stand to avail for the Hotel manager and what problems do these pose.

  Innovation-friendly regulations

What influence (if any) can organizations exercise to encourage ‘innovation-friendly' regulations?

  Effect of regional and corporate cultural issues

Present your findings as a group powerpoint with an audio file. In addition individually write up your own conclusions as to the effects of regional cultural issues on the corporate organisational culture of this multinational company as it conducts ..

  Structure of business plan

This assignment shows a structure of business plan. The task is to write a business plane about a Diet Shop.

  Identify the purposes of different types of organisations

Identify the purposes of different types of organisations.

  Entrepreneur case study for analysis

Entrepreneur Case Study for Analysis. Analyze Robin Wolaner's suitability to be an entrepreneur

  Forecasting and business analysis

This problem requires you to apply your cross-sectional analysis skills to a real cross-sectional data set with the goal of answering a specific research question.

  Educational instructional leadership

Prepare a major handout on the key principles of instructional leadership

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