Protection and risk transfer in a situation at work

Assignment Help Operation Management

Reference no: EM13805269

Risk protection is a strategy that employs redundancy in order to mitigate a risk. An example would be a commercial airliner that has a manual override switch for the autopilot functionality. Risk transfer is a strategy that shifts the risk to another person, group, or organization. An example would be discontinuing the online help features in a new software application to save development time and money. The risk is transferred to the help desk personnel and their ability to handle the phone calls from customers.

Discuss how you have used or might use risk protection and risk transfer in a situation at work. Compare these two risk resolution strategies.

Reference no: EM13805269

Questions Cloud

Explain a major international political event in the past : a major international political event in the past three years that has impacted the United States Foreign policy

Post-positivist statements for expanding knowledge : Quantitative risk analysis generally follows qualitative risk analysis. Quantitative risk analysis uses post-positivist statements for expanding knowledge. It uses numbers or statistics.

Produce a report explaining the importance of working : Produce a report explaining the importance of working to recognised standards when producing engineering drawings. You must include in your report referance to the following: Brititsh Standards.

Competing needs of work groups : Leaders must frequently address competing needs of work groups. Conflict can arise when groups vie for limited resources. Addressing the conflict is essential to leading.

Protection and risk transfer in a situation at work : Discuss how you have used or might use risk protection and risk transfer in a situation at work. Compare these two risk resolution strategies.

Identify five different it systems : Identify five different IT systems that have affected business in the past few years

Project management regarding risk : How would you handle these conflicting objectives? What are your recommendations to project management regarding this risk? How does this scenario relate to managing contingency allowance?

What values are placed in the array by the above statements : Where does the element referred to with the number zero exist in an array? What values are placed in the array by the above statements? (Show each element of the array and the value for that element.

Write a literature review pertaining to the leadership : Assignment 2 is to conduct and write a literature review pertaining to the leadership topic you have chosen "Broken Window Theory". The literature review should be written using both primary and secondary sources. The literature review should be..

User Account

All Pages