Reference no: EM131186124
Risk assessment refers to the overall process of risk identification, risk analysis and risk evaluation; in the scope of the Risk Management Planning Process. Risk identification generates a list of the risks that may have an impact on the project and create uncertainty about whether or not it will achieve or exceed its objectives. Risk analysis is the systematic use of available information to develop an understanding of the risk. Risk evaluation is the process of comparing the estimated level of risk against risk criteria to determine the significance of the risk. Applying this process helps a project team make informed decisions about how to take action towards controlling/managing risks.
Applying your understanding of the stages of the Risk Assessment Process, how do you believe you have applied these steps in order to make informed decisions in your personal or professional life?
In your response, consider the following:
Is there a conscious (or subconscious) process you explore when evaluating your options and how they may impact your desired outcome? Ex.
You write down pro's & con's for a potential decision.
What information do you use when ‘weighing your options'? Ex. Historical results/outcomes, feedback from a trusted source, etc.
What "criteria" do you use to decide what's MOST important to you when making your decision? Ex. Your personal morals...company policy....the opinion of others...etc.
Objectives:
Compose risk assessments, and discuss techniques for monitoring and controlling risks.
Evaluate the impact of technology on business.
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Draw a network security diagram to show an network
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Create a new product that would appeal to your market
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What is the firms profit-maximizing output
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Find the acute angles between the curves at their points
: (The angle between two curves is the angle between their tangent lines at the point of intersection. Give your answers in degrees, rounding to one decimal place. Enter your answers as a comma-separated list.)y = 7x2, y = 7x3
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Evaluate the impact of technology on business
: Compose risk assessments, and discuss techniques for monitoring and controlling risks. Evaluate the impact of technology on business.
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Describe specific qualitative methods and tools
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Analysis of a large system development problem
: Analyse and apply complex decision making to determine the appropriate methodology to apply to different development situations - Develop a good understanding of processes to ensure quality in the engineering of large software systems
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Which of the following is true of business markets
: Companies are recognizing that much of their market value comes from ________, particularly their brands, customer base, employees, distributor and supplier relations, and intellectual capital.
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Develop two table using the same process of accounting cycle
: Develop at least two tables, using the same process of the accounting cycle selected for your previous Learning Team assignments, that could be used in a database for your selected accounting cycle.
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