Which risk factors would you address first

Assignment Help Operation Management
Reference no: EM1375206

Q 1. Developing Risk Mitigation Strategies. Develop a preliminary risk mitigation strategy for each of risk factors identified in Problem 2. If you were to prioritize your efforts which risk factors would you address first? Why?

2. Quantitative Risk Assessment. Assume subsequent information:
Probability of Failure Consequences of Failure
Maturity = .3 Cost = .1
Complexity = .3 Schedule = .7
Dependency = .5 Performance = .5

factor for this project. Would you assess this level of risk as low, moderate or high? Why?

 

Reference no: EM1375206

Questions Cloud

Illustrate what are design and effective capacities shop : Manager has determined that if 2 additional barbers are hired, shop can accommodate 80 customers per day. Illustrate what are design and effective capacities for barber shop.
Illustrate what impact does policy : Illustrate what impact does policy (local, state, and/or federal) have on transportation. Explain how does policy affect a retailer in trying to get their product from a port to their retail store.
Illustrate what are determining factors that may lead : Illustrate what are determining factors that may lead to a decision to proceed with outsourcing. A gift shop sells 1000 boxes of scented candles a year.
Linder hypothesis based question : Assume that the you test Linder hypothesis through comparing Germany's absolute difference in per capita income from each of its trading partners with size of Germany's total trade with each respective partner.
Which risk factors would you address first : Developing Risk Mitigation Strategies. Develop a preliminary risk mitigation strategy for each of risk factors identified in Problem. If you were to prioritize your efforts which risk factors would you address first.
Explain how many tires should rocky mountain order : Explain how many tires should Rocky Mountain order each time it places an order. Assuming Rocky Mountain Tire Center orders (answer from above) tires per order, illustrate what is total annual cost.
Estimating opportunity cost : In one day, Canada can manufacture either 200 tonnes of wheat or ninety tonnes of copper ingots. In one day, Chile can manufacture either 120 tonnes of wheat or 175 tonnes of copper ingots.
Can you see any weakness in business : Illustrate what is source of IKEA's success today. Can you see any weakness in business. Illustrate what might it do to correct se. Illustrate what could be objective of a Logistics unit in a humanitarian relief operation
Illustrate what type of drug testing relevant to job : Illustrate what type of drug testing can be d1 and when is it relevant to job. Give some specific examples that you find out in your research. Should your business have access to e-mail and ph1 mail on your business equipment.

Reviews

Write a Review

Operation Management Questions & Answers

  Describing action research

If you were a part of an Action Research dissertation with your peer and Without your knowledge which you were being observed as the participant in a study.

  Discuss what categories of swot elements of information

Discuss what categories of SWOT elements of information are readily available on Internet. Illustrate what categories of data are difficult or impossible to find out on Internet.

  Explain how has government reacted on the federal

explain how has government reacted on the federal, state, and/or local level to counter various global and domestic threats.

  Detailed explanation-business research

Define the business research and its purpose. Discuss the business problems under investigation. Explain the data collection methods used in the research project.

  Prepare a checklist which includes the main topics

Prepare a checklist which includes the main topics, issues, advantages also disadvantages which should be considered when making this decision within the context of Willow brook School.

  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..

  Examining what decisions must be made before a project

There is a process which must be developed also then followed to help ensure a successful portfolio. Let's start this discussion by examining what decisions must be made before a project is actually looked at or considered. So where do you start i..

  Illustrate what is the total cost of this policy

Explain how many tires should Rocky Mountain order each time it places an order. Illustrate what is the total cost of this policy.

  Why would long term reliance on a lower valued dollar

Why would long term reliance on a lower valued dollar at best be a short term solution to the competitiveness problem.

  Explain how should the device be constructed

An electronic device consists of 3 components. The 3 components are in series so that the failure of one component causes the failure of the device. Explain how should the device be constructed.

  Estimated the net present value of theme parks

A consultant has estimated the net present value of Theme Park's 2 alternatives under each state of nature of the planning board's decision as shown below.

  Elucidate what is the optimal solution

Elucidate what is the optimal solution. describe how many workers should be assigned to every type of machine. Every product needs the subsequent processing times (in hours) on every of 3 machines.

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