Risk protection is strategy that employs redundancy

Assignment Help Operation Management

Reference no: EM131135225

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. Post your thoughts in the discussion area.

Reference no: EM131135225

Questions Cloud

Freedom of information act and so-called sunshine laws : Democratic theory holds that the people have a right to know what their government is doing. In light of this, discuss the problems associated with the Freedom of Information Act and so-called Sunshine laws. Specifically, what are some of the problem..

What kinds of job-related stereotypes : Discuss stereotypes with a trusted friend or family member. What kinds of job-related stereotypes is he or she aware of? (Note that awareness of stereotypes does not mean belief in the veracity of the stereotype).

While reading articles published in refereed journals : While reading articles published in refereed journals about her research topic, Georgia repeatedly comes across references to a series of studies by one particular researcher. She’s unable to find those references in the collections of her university..

Used to perform diagnostic analysis on the pacemaker : A leading biomedical company hires you as a consultant to help with a serious problem. The company had planned to complete their final acceptance testing of a new pacemaker last week but found a significant integration risk between the pacemaker and ..

Risk protection is strategy that employs redundancy : 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 anothe..

Primary purpose for completing thorough literature review : The primary purpose for completing a thorough literature review as part of a research study is to:

Discuss the need for family-friendly workplace : Select and analyze an article on family-friendly workplace, either for child or elder care. Summarize the article and discuss the need for a family-friendly workplace.

Fair and square pricing strategy : Compare JCPenney’s former traditional approach to pricing versus the “Fair and Square” pricing strategy. Discuss the advantages and disadvantages of each.

Strategy to ensure that the brochure design works : You've received copy for a brochure from a co-worker but realize it's a lot more than you'd planned for and will make the document too crowded. What is your BEST strategy to ensure that the brochure's design works?

User Account

All Pages