Failures and managing risks involves four sets of activities

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Reference no: EM132102244

Dealing with failures and managing risks involves four sets of activities:

The first is concerned with understanding what failures could potentially occur in the operation and assessing their seriousness.

The second task is to examine ways of preventing failures occurring.

The third is to minimize the negative consequences of failure (called failure or risk ‘mitigation’).

The final task is to devise plans and procedures that will help the operation to recover from failures when they do occur.

Which of the above four activities do you see more difficult to manage? Explain why. Please provide detailed respose.

Reference no: EM132102244

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