Risk management involves playing

Assignment Help Operation Management
Reference no: EM131665176

We saw that risk management involves playing the devil’s advocate and asking, “What could go wrong?” Creating scenarios and thinking through situations will help you understand the nature of the risk better. This is your exercise for the week.

Create three fictional incidents for the risk area Emergency Room. Write about each scenario in not more than a page. Include the following information about each scenario:

Details of the incident—What, where, when, and who?

Explain the cause—How and why?

Reference no: EM131665176

Questions Cloud

Explain why it may cause loss and contains uncertainty : What are 6 risks that university may face? Rank risks and describe why each item represents risk, i.e., explain why it may cause loss and contains uncertainty.
Performance indicator used to analyze performance changes : What should be the key financial performance indicator used to analyze performance changes for hospitals? Clinics? Health plans?
How did industrial revolution contribute to the free market : How did the industrial revolution contribute to the free market?
Prepare the income statement : Prepare the Income Statement, Statement of Owners' Equity and the Balance Sheet for the fiscal year ending September 30, 2017
Risk management involves playing : We saw that risk management involves playing the devil’s advocate and asking, “What could go wrong?”
Describe how the behavior change professional philosophy : Describe how the behavior change professional philosophy would guide program planners
What are the techniques for improving service productivity : What are the techniques for improving service productivity?
The performance improvement theory : The Performance Improvement Theory to design the motivational aspects of learning environments to stimulate and sustain student's motivation to learn.
Using rfid tags over traditional bar code technology : Describe the advantages of using RFID tags over traditional bar code technology.

Reviews

Write a Review

Operation Management Questions & Answers

  Labor issues challenged fairness of free market capitalism

What are several salient business ethics issues in precapitalist America? How did Adam Smith justify the ethics of capitalism? Describe how the US economy grew between the Revolutionary War and World War I. What prominent labor issues challenged the ..

  Evaluating environmental and industry influences

Evaluating environmental and industry influences that create strategic opportunities or issues. Using theories and models of strategy to increase knowledge of an organization's strategic position and direction.

  What is the new average production rate at the operation

A production operation is a single-channel, single-phase, unlimited-queue-length queuing system. Products arrive at the operation at an average rate of 30 per hour, and the present average production rate is 33 products per hour. Management wants pro..

  What is innovation in organizations

What is innovation in organizations? List and briefly describe the four steps of the innovation process.( Hint: Idea Creation, initial experimentation, feasibility determination, final application.)

  Explain why the four steps involved in controlling function

Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively to ..

  Omnipotent manager and good manager explain

Is there a real difference between an omnipotent manager and a good manager explain.

  Why snugging is bad for the research industry as a whole

Discuss why sugging is bad for the research industry as a whole.

  Name several well known organizations that are bureaucracies

Name several well known organizations that are bureaucracies. Can you think of two organizations that are still run according to the scientific management theory?

  What is the total cost of this policy and optimal order size

Rocky Mountain Tire center 11,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 50% of the purchace price of the tires per year. how many tires should rocky mountains tire order each time it time it places a..

  Explain the current business model and discuss the benefits

Explain the current business model and discuss the benefits of incorporating the lean process. Describe a specific approach to acquiring and using the lean process.

  Contract to supply motors for all refrigerators produced

Sunlight Corporation has a one-year contract to supply motors for all refrigerators produced by the Ice Age Corporation.

  List and describe three value creation selling approaches

List and describe three value creation selling approaches that appeal to various types of customers.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd