Describe how to use probability/impact matrix-risk factor

Assignment Help Operation Management
Reference no: EM131117293

Describe how to use a probability/impact matrix, risk factors, and the Top Ten Risk Item Tracking approaches for performing qualitative risk analysis. How could you use each technique on a project?

Reference no: EM131117293

Questions Cloud

Determine the capitalized cost of annual maintenance : A flood control project at Pleasant Valley dam is projected to cost $1,840,000 today, have annual maintenance costs of $57,000, and have major inspection and upkeep after each 4-year interval costing $210,000. If the interest rate is 10%/year. Determ..
What is the meaning of collocated control : For a structural process to be controlled, such as a robot arm, what is the meaning of "collocated control"? "Noncollocated control"?
How have you already faced ethical scenarios in your work : How comfortable do you feel with your personal code of ethics? Would you describe your personal code of ethics as fixed, flexible, or still in the process of development? Why?
Question regarding the different growth rates : Find the average growth rate for each country over that period. What are some of the differences between those countries that have led to their different growth rates? Identify at least two important and distinct government policies for each country..
Describe how to use probability/impact matrix-risk factor : Describe how to use a probability/impact matrix, risk factors, and the Top Ten Risk Item Tracking approaches for performing qualitative risk analysis. How could you use each technique on a project?
Whistle-blowing is relatively new practice : Whistle-blowing is a relatively new practice. What are the five factors that contribute to a definition of whistle-blowing? Please explain fully. What are the arguments for and against corporate whistle-blowing? Please explain fully and provide examp..
The market amount that should be used to value parkas : The two limits to market value (i.e., the ceiling and the floor) that should be used in the lower-of-cost-or-market computation for skis;
How can a minor party play a part in an election : How does our current party system impact elections? How can a minor party play a part in an election?
What is the significance of the images presented : Read "The Young Housewife," "Spring and All," "The Red Wheelbarrow," "This Is Just to Say," "A Sort of Song," and describe the images in one of these poems. What is the significance of the images presented? Are there metaphors and, if so, how are ..

Reviews

Write a Review

Operation Management Questions & Answers

  Calculate the productivity in sales revenue/labor expense

the Windy 2000. Units sold 1,217 Sale price each $1,700 Total labor hours 46,672 Wage rate $12/hour Total materials $60,000 Total energy $4,000 Calculate the productivity in sales revenue/labor expense?

  How to connect an rsy wire to a reo socket

How to connect an RSY wire to a REO socket in order to get a laugh reaction? Really confused, could use help from someone who likes purple equations and can do them!

  What is the probability that rich will go to each store

EarsPlus, 10 minutes away; ICantBelieveYouBoughtHeraTrombone, 15 minutes away; and KidNoise, 20 minutes away. According to the gravity model, what is the probability that Rich will go to each store?

  The challenge is to find ways to learn a new card game

The challenge is to find ways which will help AARP members learn a new card game while minimizing their risk of losing money.

  Give three examples of unethical behavior involving location

Give three examples of unethical behavior involving location selection, and indicate which ethical principle is violated

  Within the last couple years several cosmetics manufacturer

within the last couple years several cosmetics manufacturer shave introduced non-clumping mascara. revlon was one of

  Construct a pie chart that plots the percentage of patients

Construct a pie chart that plots the percentage of patients unssatisfied with their meals. Set the control limits to include 99.73% of the random variation in meal satisfaction. Comment on the results.

  Describe three key ideas of the critical chain approach

PERT/CPM methods of project scheduling have been utilized for over 50 years. More recently, ideas from Goldratt’s Critical Chain (1997) are becoming increasingly popular with project managers. Describe three key ideas of the critical chain approach. ..

  Demonstrate ethical scholarship in appropriate

Write in a clear, concise, and organized manner. Your response should demonstrate ethical scholarship in appropriate and accurate representation and attribution of sources (i.e., APA); and display accurate spelling, grammar, and punctuation.

  Consider a process with an upper spec limit

Consider a process with an upper spec limit of 69.5 grams, a lower spec limit of 62 grams, and a mean of 67 grams. If the standard deviation is 1 gram, is the process “capable”? If the standard deviation is 2 grams, is the process “capable”?

  Determine the monitoring and control process

Determine the monitoring and control process that will be utilized for the project. Include discussion on how you would perform earned value analysis to provide details on project status. Determine the values that could be utilized to calculate pl..

  Discuss the ideas of character ethic

Discuss the ideas of character ethic, female ethic, human rights, and ethical action.

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