Identification step of the risk management process

Assignment Help Business Management

Reference no: EM133735154

Question

Bias will be present in the identification step of the risk management process and will manifest itself in four basic areas (Raydigun, 2013). Match the type of bias with the appropriate description. Question 4 options: Organizational Subconscious-Perceptual Subconscious-Cognitive Conscious

1. Familiarity, proximity, manageability, experience related to a particular uncertainty, overconfidence or lack of it, anchoring to first or previous impressions

2. Misunderstandings or lack of knowledge about risks and risk methods

3. Hidden agenda, double-dipping, exaggeration, drama, comedy, window-dressing, hiding, etc.

4. Quality of risk procedures and project risk management system (RMS); experience and background of risk managers, directors, VPs; qualification of risk specialists, project team members, decision makers; time and budget spent for risk management; etc.

Reference no: EM133735154

Questions Cloud

Opportunity for lifelong learning reality : What conditions have made the opportunity for lifelong learning a reality?

Make list of the human related-technology related : By referring to the detailed plan that you have just developed, make a list of the human related, technology related,

Discuss some of the group leadership skills : Discuss some of the group leadership skills that you feel will be challenging when facilitating.

Training and development : Write up a reflection about something that has to do with training and development.

Identification step of the risk management process : Bias will be present in the identification step of the risk management process and will manifest itself in four basic areas

Promoting diversity and addressing historical discrimination : Supporting affirmative action as an employer policy involves recognizing its role in promoting diversity and addressing historical discrimination

Cusr has four measured areas supporting the overall : First, the CUSR has four meaC-level assessment: personnel (P), equipment and suppliessured areas supporting the overall (S) on-hand/available,

Management information system infrastructure : Imagine you are a consultant advising a company on improving its Management Information System (MIS) infrastructure.

Missing business requirements : Projects can fail because they are missing business requirements. What are two other reasons why a project can fail?

User Account

All Pages