Reference no: EM132704018
Question 1
A small municipal transportation authority in New Brunswick has a fleet of 300 vehicles and serves 3 million passengers a year. As a newly hired risk manager for the municipal transportation authority, it has quickly become apparent to you that there is a disturbing wide range of vehicles types in the passenger delivery category (that is, not including supervisor vehicles and maintenance vehicles). The types include various ages of vehicles, vehicle makes, sizes, design, features and purpose. In fact, a further review identified 20 busses that were not in service due to part back orders or parts that were no longer available. Other buses in operation required scheduled maintenance but were being delayed due to bus and part shortages. You were contacted by the customer service on another matter and after further discussion you learned of several common complaints , including bus types often didn't match the ridership on the various routes, for example, large buses were often filled with only 5 or 10 riders and customer complaints of excessive exhaust fumes. You had a discussion with a newly hired fleet manager and learned that there was a 20-year culture of purchasing replacement buses without any strategy.
As fleet risk expert, you approach the chief operator officer who agrees for you to provide a life cycle presentation to the executive team.
Applying the above as well as references to a municipal transit authority in your area:
a) Identify and define each Lifecyle.
b) Apply motor vehicle safety systems to select a minimum of (4) four controls to the small municipal transportation authority in New Brunswick, describe each of the controls and provide a transportation authority example for each.
Question 2
When we define risk, we often refer to the risk of uncertainly that may result in a negative or positive outcome. The risk associated with smart products seem to be consistent with the risk definition in that there are negative and positive impacts.
a) Identify and define (4) four risks associated with using smart products.
b) Provide a negative and positive outcome example for each of the (4) four risks above, for a total of (8) eight examples.
c) For each risk of the (4) four risks above, provide your recommendation on whether the positive risk outweighs the negative risk.
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