Why is this strategy appropriate for this risk

Assignment Help Operation Management
Reference no: EM132246522

Primary Task Response: Within the Discussion Board area, write 350-600 words that respond to the following questions with your thoughts, ideas, and comments. This will be the foundation for future discussions with your classmates. Be substantive and clear, and use examples to reinforce your ideas.

Risk response strategies are the ways in which risks can be handled if they occur. For negative risks, the appropriate strategies are: accept, mitigate, avoid, and transfer. For positive risk, the strategies are: accept, enhance, exploit, and share.

Choose 2 of the risks you identified in Unit 2, and respond to the following questions:

For each of the risks, discuss whether the risk is a positive or a negative one.

Discuss the type of risk response and implementation strategy that is appropriate for each risk.

Why is this strategy appropriate for this risk?

How will you work with the project team to determine the risk response and implementation strategies for each risk in your project?

Write 2 more paragraphs that are an introduction and conclusion to this topic. Be sure to include your references, and format your submission in APA format.

Reference no: EM132246522

Questions Cloud

How are oltp and olap used as methodologies : Business requirements analysis is an essential aspect of determining what project goals and objectives are important and relevant to various areas.
Briefly analyze a chronic cardiovascular disease : Reflecting on week 4's lessons in the syllabus, select a patient population (pediatric, young adult, adult or geriatric), and briefly analyze a chronic.
What is the volatility of a portfolio : Consider an economy with two types of firms, S and I. What is the volatility of a portfolio that consists of an equal investment in: 21 firms of type S
Risk management plan : What is risk management and its associated activities and defend the need for a risk management plan.
Why is this strategy appropriate for this risk : How will you work with the project team to determine the risk response and implementation strategies for each risk in your project?
How the article specifically relates to epidemiology course : How the article specifically relates to 5 points of epidemiology course content. This could bediscussing the type of investigation, any terminology introduced.
How is transfer pricing used to assess performance : How is transfer pricing used to assess performance? Have you ever worked with transfer pricing before
Determine the different responsibilities of project manager : Based on the identified resources, your project manager would like to know the estimated overall project budget.
Perform the conversion and output the result : Write 3 methods, one for each currency, each of which should input a dollar amount, perform the conversion and output the result.

Reviews

Write a Review

Operation Management Questions & Answers

  What is the stock-in and stock-out probability

A product costs $20 and sells for $50. It has a salvage value of 4$ if it does not sell. What is the stock-in and stock-out probability? Given that you bought a number of products following b), what are the net profits if you observe a demand of 1,00..

  Self-leadership provides opportunity to achieve objectives

Self-leadership provides an opportunity to achieve your objectives through your own thinking, feelings, and behaviors.

  Identify what you believe to be the most significant trend

Identify what you believe to be the most significant trend or change in the prescription drug benefit over the past 15 years.

  Market development and product development

Give hypothetical examples of market penetration, market development, and product development.

  Overloaded with work and cannot cope

Fobert complains to Selena, his co-worker that he is overloaded with work and cannot cope. Selena responds that the work he has is nothing compared to hers. She tells him that he should be thankful that he does not work with her boss. It is a blockin..

  What are the risks of this approach to marketing

What are the risks of this approach to marketing? Consider the risks involved in this approach—how can they be mitigated?

  What is the maximum iiventory level of the xe frames

How many units of XE frames should be produced for each production run to minimize the annual holding and setup costs?

  Evaluate the performance of people working in the jobs

What sources could be used to evaluate the performance of people working in the following jobs?

  What are some different types of legal issues in business

What are some different types of legal issues in business? What are some examine legal entity types.

  Product in person at conference versus via webinar

Compare and contrast the benifits of selling a product in person at a conference versus via webinar.

  Why would increased diversity in the workplace

Why would increased diversity in the workplace make managing teams more challenging than in a non-diverse workplace?

  How does multitasking confuse the resource availability

"In modern organizations, it is impossible to eliminate multitasking for the average ­employee." Do you agree or disagree with this statement? Why?

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