What information do use when weighing options

Assignment Help Financial Accounting

Reference no: EM132521059

Risk assessment refers to the overall process of risk identification, risk analysis and risk evaluation; in the scope of the Risk Management Planning Process. Risk identification generates a list of the risks that may have an impact on the project and create uncertainty about whether or not it will achieve or exceed its objectives. Risk analysis is the systematic use of available information to develop an understanding of the risk. Risk evaluation is the process of comparing the estimated level of risk against risk criteria to determine the significance of the risk. Applying this process helps a project team make informed decisions about how to take action towards controlling/managing risks.

Question 1: Applying your understanding of the stages of the Risk Assessment Process, how do you believe you have applied these steps in order to make informed decisions in your personal or professional life?

In your response, consider the following:

Question 2: Is there a conscious (or subconscious) process you explore when evaluating your options and how they may impact your desired outcome? Ex. You write down pro's & con's for a potential decision.

Question 3: What information do you use when ‘weighing your options'? Ex. Historical results/outcomes, feedback from a trusted source, etc.

Question 4: What "criteria" do you use to decide what's MOST important to you when making your decision? Ex. Your personal morals, company policy, the opinion of others, etc.

Reference no: EM132521059

Questions Cloud

What volume of tin can be used in making the barrel : The density of water is 1000 kg/m3. What volume of tin can be used in making the barrel so that it (filled with diet coke) will float in water?

Defining and interpreting concept of performance analysis : Defining and interpreting the following concepts, Create a table with the concepts to the left and the meaning to the right, please give an example of its usage

What is the net realizable value of SCs receivables : Accounts estimated to be uncollectable $180,000. What is the net realizable value of SC's receivables at December 31 (the end of the fiscal year)

Determines exchange rates in short and long run : Discuss who gains and who loses when an economy opens for trade. Explain what determines exchange rates in the short and long run.

What information do use when weighing options : Is there a conscious (or subconscious) process you explore when evaluating your options and how they may impact your desired outcome?

Fraction that is converted into energy : Discounting the tiny fraction that is converted into energy, how much R and S do you have after 40 years?

Prepare the adjusting journal entry that Extra Company make : Prepare the adjusting journal entry that Extra Company should make on December 31 of the current year, to estimate bad debts expense

Particular wavelengths of light : Can someone help me understand and explain in words, why the emission spectrum of hydrogen only consists of particular wavelengths of light?

Describe the characteristics of the learning organization : In Chapter 8, transfer of learning is examined. Transfer of learning is based on organizational climate. The climate of a learning organization is most.

User Account

All Pages