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.

User Account

All Pages