User Account

All Pages

What was the objective of your control plan

Assignment Help Operation Management
Reference no: EM132743275

Controlling risks, also referred to as "Risk Treatment", will assist you in determining WHAT should be done in response to the risks that have been identified, in order to improve project outcomes. Fundamentally, the concept of controlling risks emphasizes the fact that, unless action is taken, the risk identification and assessment process has been wasted. Risk treatment converts the earlier analysis into substantive actions to reduce the levels of those risks with negative consequences and exploit the risks with positive consequences.

Applying your understanding of the concept of Controlling Risks, please share at least two risks that you have identified in completion of a job tasks or project (in a past or present role) and the specific actions you have taken to improve outcomes.

What was the objective of your Control (Treatment) Plan?

To impact the likelihood that the risks would occur?

To impact the consequence that the risks would have on your project?

Was your Control (Treatment) Plan effective? Why or Why not?

What would you do differently next time you have to develop and implement a new control plan? Please Explain.

Reference no: EM132743275

Questions Cloud

Find how events accounted for in financial statements : Find and Explain how this event should be accounted for in the financial statements of Smart Ltd for the year ended 30 June 2020.
Establish and maintain such an environment : What can leaders do to establish and maintain such an environment?
What is ?bane average cost of capital : Bane Industries has a capital structure consisting of 63 percent, What is ? Bane's average cost of capital where the firm faces a tax rate of 34 ?percent?
Review three types of controls : Distinguish between the three types of organizational controls by answering the following questions:
What was the objective of your control plan : What was the objective of your Control (Treatment) Plan? To impact the consequence that the risks would have on your project?
What is the implied rate of return on the investment : The return will increase by $10,000 every year until the fifth year, when it finally reaches $50,000. What is the rate of return on this investment?
What is the promised rate of return : An investment costs $100,000 today but promises to return $1,000,000 in 20 years. What is the promised rate of return? What is the rate of return on investment?
Effectively communicate risks and plan : Applying your understanding of how to effectively Communicate Risks and Plan outcomes in the scope of a project do you recall a time when important information
What stage of the business cycle is wilson experiencing : What stage of the business cycle is Wilson experiencing?

Reviews

Write a Review

Operation Management Questions & Answers

  Interviewing for a management position

You are interviewing for a management position at Northern Air Cargo (NAC), a general airfreight service that operates throughout Alaska. As part of your preparation for the interview, you thoroughly check out their website. You also found out that t..

  What real property was included in the sale

Was the contract for the sale of the property required to be in writing? What real property was included in the sale?

  What are whataburger resources and capabilities

What are Whataburger's resources, capabilities, and core competencies? what is their source of competitive advantage?

  Acceptable way to respond to a risk

Stakeholders are people who have an interest or ___________ with the project. Which in the following is not an acceptable way to respond to a risk?

  Example of product with primarily pull-based supply chain

How important is it to know the strengths of followers? What strategies might leaders use to gain this information? what factors should a judge consider in determining whether to sentence a convicted felon to prison? What is an example of a product w..

  What must operations manager consider for business

What must an operations manager consider for his or her business? Select all that apply.

  Management role in empowerment

Management's role in empowerment is best described as commitment, leadership, and facilitation.

  Difference between real property and personal property

Provide an example of an attitude and discuss how organization might measure the attitude. What is the difference between real property and personal property?

  Increasing the sale of smart home device

If Best Buy were to create a balance scorecard for increasing the sale of smart home device what would the scorecard look like?

  Report evaluating the public health impact of changing age

Recently the Institute of Medicine released a report evaluating the public health impact of changing the age at which citizens can purchase tobacco.

  What is different between being the light and shedding light

What is the different between "being the light" and Shedding the light?

  Strategic growth path based increasingly on aviation service

Analyze Boeing’s efforts to define a strategic growth path based increasingly on aviation services in addition to aviation products

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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