You have identified a large number of risks during your risk identification process. What will be your next step? A. You will prioritize them using the Qualitative Risk Analysis process B. Go for the Quantitative Risk Analysis C. You develop a Risk Management Plan D. You develop a Risk Response Plan E. You will develop a Risk Monitor Plan F. None of the above.
Q: What is the most significant distinction between the BEFORE and AFTER ERP systems?
A: ERP:- An Enterprise Resource Planning (ERP) system is used by businesses to collect data from all de...
Q: Covid-19 has caused disruptions across many industries and the automotive industry has not been spar...
A: Let us understand about the use of Sales and Operations planning- Sales and Operations planning he...
Q: how does the operations manager can use job, enrichment, job enlargement, job rotation and employee...
A: Both the manager and the employees are at the heart of any workplace. The more prompt and stimulatin...
Q: provide a detailed summary of trait leadership approach traditional approaches to leadership and giv...
A: Leadership refers to the ability of a person to influence and motivate his team members and to inspi...
Q: Explain how to combine individual efforts into a cohesive whole in a team presentation
A: Employees are the main resource of any organization. Managing the workforce will be a difficult task...
Q: What are the responsibilities of human resources?
A: Human resource management is the practice of recruiting , hiring ,deploying and managing an organiza...
Q: Management must be dear about their objectives in order to establish greater customer relationships....
A: Customer Relationship Management or CRM can be defined as the type of management which focuses manag...
Q: Using the Big Five model to explain how Katherine Bethel's personality traits may have contributed t...
A: There are several factors that contribute to the success of an individual in their professional and ...
Q: An organization's vision is best defined as Select one: O a. a possible direction given by an employ...
A: Vision is an image of what a person see's in his future and it is aligned with values and priorities...
Q: In conducting a threats and risk assessment, what factors are used in calculating the initial risk v...
A: Risk Assessment is the process to identify and measure the risk factors which can negatively affect ...
Q: Insight about “Appreciating the Importance of Credentials"
A: They demonstrate to your company and customers that you have the knowledge and abilities needed to c...
Q: Discuss corporate downsizing andits consequences.
A: According to the production codes of lean organization, any element of an enterprise which fails to ...
Q: Give relevance of having a risk management in an organizatio
A: The source of risk in an organization is indecision. Therefore, businesses progressively concentrate...
Q: one of the realities of ethical decision making is that no matter what you decide, someone or some g...
A: Ethical decision making means analysing and choosing the best ethical option for a situation . It...
Q: Qatari company
A: Vodafone Qatar offers a comprehensive range of services that includes connectivity offers using mess...
Q: Explain Four advantages and Four disadvantages of Non-equity strategic alliance!
A: Strategic alliances can be defined as the partnership between two or more companies which is done to...
Q: Identify any 10 risks related with the management of IT projects. Define project risk management and...
A: Concept Of Project Risk Management - In the specific project management, the risk management is a co...
Q: Describe the steps of a talent review session.
A: A talent review is an important gathering in which executives and managers come together to test the...
Q: Ethics training becomes more credible when top managers teach the initial ethics class to their subo...
A: Ethics is a study of moral code and conduct that shows the difference between what is right and wron...
Q: Technology
A: Q) Relate Universal Declaration of Human Rights ( UDHR) in Science and Technology? ANS:- A Human rig...
Q: We use __________ to teach and to learn, to entertain, and to make sense of the world around us. a...
A: Answer is Option D : Stories
Q: Describe the 4Ms of business operations in the relation to business opportunities in a form of essay...
A: In terms of business potential, the 4M of Operations refers to how the four critical domains of manu...
Q: Give the Structure of the Company (MCDONALDS) Functional Structure Product-Based Structure Team Str...
A: An organizational structure too understood as a corporate structure enables businesses to divide the...
Q: Hotel Management System. Explain with the 5 phases of project management cycle
A: The act of bringing out an idea or plan for a hotel as a brick and mortar location with all associat...
Q: _____________is evident when a society deals with the fact that people are unequal in physical and i...
A: Cultural Dimensions Theory, is a system used to comprehend the distinctions in culture across nation...
Q: STRATEGIC MANAGEMENT TOPIC: EXTERNAL ASSESSMENT 1. Describe the importance of an external assessmen...
A: [Hi! Thanks for the question. As per our Bartleby guideline, we are supposed to answer only ONE ques...
Q: Co-operation” a.is when a department is willing to prepare a budget and share the information with ...
A: All the three term is related to organization workplace development and how to run the operations-...
Q: Provide a specific example of how a company might hope for teamwork but reward individual effort.
A: Since the mid 1990s, when groups turned into a corporate pattern, a ton of work has transformed into...
Q: Which of the following is not one of the reasons behind corporate political influence?a. Corporate m...
A: Corporate political influence maybe brings positive as well as negative effects as it may help in br...
Q: Discuss the ERP lifecycle in detail?
A: Nowadays, the companies are facing a major problem in controlling the large number of departments an...
Q: The three managerial levels in a business hierarchy are A) managing directors, operational managemen...
A: Levels of Management : The term Levels of Management defines the line of division between various ma...
Q: 1.The description of how different levels and employees in the organization must perform for the or...
A: Dear student as per our guidelines we can answer only 1 question in case of multiple questions poste...
Q: ch of the following statements is a core assumption of the human resource frame? a. Human resources...
A: Option A:- Human Resources are meant to serve the needs of the organisation. This statement is the c...
Q: Imagine you work for a company that uses gainsharing. Do you think you would like it? Why or why not...
A: Compensation management is the type of management practice which deals with designing and implementi...
Q: what are the common and unique expertise of a CFO(chief financial officer) and a controller. what ar...
A: In an organization, there are different roles and responsibilities based on the degree of skills and...
Q: FIVE STRENGTHS OF THE COMPANY
A: SWOT ANALYSIS: This is a strategic analytical tool that helps the business to outline different inte...
Q: How can a selective menu be offered within a given food budget?
A: Selective food menu refers to the detailed list of food items with their price and quantity that can...
Q: Over the years the Government has established a NIT, IIT, AIIMS, IISER, IIM In this context, using s...
A: After setting the organizational goals and formulating a strategy plan, the next important thing to ...
Q: Internal audit
A: The internal audit carries out an independent risk assessment and analyses possible threats providin...
Q: What are three security measures that will help a company while reducing productivity?
A: Productivity:- The efficiency with which workers produce goods or services in an organization. The p...
Q: Maslow advanced a theory of basic human needs. He pointed out that some needs are basic to others. D...
A: When considering the management of the organization, motivation is an important responsibility of th...
Q: What risks will arise from this? How does management ensure that information is being accessed only...
A: In every Organization, people are sometimes considered as the main threads concerning the security o...
Q: Could I have a SWOT analysis on Pret a Manger expanding to Canada?
A: SWOT (strengths, weaknesses, opportunities, and threats) analysis is used by a company to evaluate i...
Q: As a consequence of the diversity of risk, risk management requires a … approach. 1. narrow 2. moder...
A: A business can face a variety of risk which can cause serious trouble to it. The business world is g...
Q: A leader who is sociable, energetic, outgoing and assertive has a trait of Select one: O a. extraver...
A: Leadership is the process in which followers are being guided by their leaders. Leaders have the mai...
Q: merit pay program
A: Merit pay is also referred to as performance-based pay is an incentive pay approach where an employe...
Q: Although it’s not uncommon for new CEOs to rebuild their management team, what kind of message do yo...
A: The CEO is the one who leads the organization successfully in the long run and takes up all the deci...
Q: Creating detailed schedules and operating plans on a short term basis is the responsibility of which...
A: Concept Of A Manager - Managers, are nothing, but can be defined as those type of persons, who takes...
Q: Distinguished “personal staff” from “specialized staff”.
A: Staffing is a management term that refers to the process of hiring workers, assessing their abilitie...
Q: What are the disadvantages in terms of costs that a company could expect when changing the merit pay...
A: Merit pay is a type of remuneration in which a corporation regularly pays more money to high-perform...
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
- . Companies that are developing a formalized risk management process are encouraged to develop a risk or threat profile and use their intuition to create an inventory of risks that seem most relevant to their operations. At that stage, they are encouraged to rank risks using which of the following approaches? a The risks with the greatest impact on staff and the highest anticipated frequency of occurring take top priority b The risks with most significant impact on the business and the highest probability of occurring take top priority c The risks with the highest probability of occurring and the highest anticipated frequency take top priority d The risks with the highest anticipated frequency of occurring and the most significant public visibility take top priorityDuring risk identification sessions, you and your team identified more than 150 risks for your project. You are afraid that evaluating each of these risks quantitatively will cost you an enormous amount of time, while not all of them are really relevant and important enough to justify such a measure. What should you do next? A. Identify risk triggers where possible. Analyze only those risks quantitatively for which no trigger could be found B. Use qualitative risk analysis in order to prioritize risks for further action, such as quantitative risk analysis C. Assess the probability of each risk qualitatively and further analyze only those risks with high probability D. Assess the potential impact of each risk qualitatively and further analyze only those risks with high impactUsing the basic risk management matrix, explain the following: a. When would you buy insurance? b. When would you avoid the risk? c. When would you retain the risk? d. When would you use loss control?
- What are the strategies for dealing with positive risks?A. Avoid, mitigate, transfer, acceptB. Transfer, mitigate, avoid, exploitC. Exploit, share, enhance, acceptD. Mitigate, enhance, exploit, accept In which process do you create the Risk Breakdown Structure?A. Risk IdentificationB. Risk Response PlanningC. Qualitative AnalysisD. Risk Management Planning1) Name two (2) types of risk analysis that are qualitative and quantitative, then state the pros and cons of the use of each one.Risk assessments will help to priorities risks and provide information on the probability of harm arising and severity of harm by understanding the hazard, combine assessments of probability and severity to produce an assessment of risk and it is used in the assessment of risk as an aid to decision making. Construction sites are dangerous places where injury or death or illness can cause to workers. Select one typical hazard at a construction site and conduct a full risk assessment for that hazard. You are allowed to make assumptions to answer this question.
- You are a risk manager of a school bus company in Hong Kong, your boss owns over 1,000 school buses. During COVID 19, almost all the school buses parked in no covered car park every day because students no need to be back to school. Your boss is considering a partial retention program for physical losses to the school buses. a) Identify the factors that your company should consider before it adopts a retention program for physical damage losses to school buses. b) If a retention program is adopted, what are the various methods you can use to pay for physical damage losses to school buses? c) Identify two risk-control measures that could be used in your company’s retention program for physical damage lossesGenerally speaking for high frequency low severity events, the optimal risk management strategy is to _________. Assume you are interviewing for a risk manager job at a very large, unique organization. Given that the organization is the only one of its kind on Earth, it is not part of any industry. The organization employs over 100,000 workers in 100 different countries. (1) Give three reasons for this organization to use a captive. (2) Describe a specific captive arrangement that would allow the organization to manage its risks while achieving the most benefits.As part of its business plan, ABC Corp is developing a set of worst-case scenarios. What one(s) should ABC Corp focus one? Select an answer: worst-case scenarios that involve key dependencies all conceivable worst-case scenarios any worst-case scenarios that investors might notice worst-case scenarios that do not require preparedness
- Match the appropriate Risk Management Document with the description The document with the purpose of guidng risk managment decision making Risk Management Cost of Risk Assessement The document which outlines the fundumental guidelines of risk mangement within the enterprise Risk Management Policy Statement (RMPS) The document which is clear, concise and preferablly short Risk Management Mission Statement (RMMS) Standard Operating Procedure (SOP) The more detailed document which may include explicit instructions to a person performing the function The document which is developed through the risk management function, but circulated and communicated through the enterprise >Proper risk management involves a three stage process. Which one of the following isone of those stages:a) Identify where the risk liesb) Select the right tools to execute strategyc) Design an appropriate strategy for managing riskd) All of the aboveA) Which of the following is NOT included in the risk register? a. Prioritized list of quantified risks b. Potential responses to identified risks c. Revised stakeholder tolerance d. A list of identified risks B) The Responsibility Assignment Matrix (RAM) is: a. Used to identify accountabilities and responsibilities in individual performance appraisals of project team members. b. Used for development of the project budget and network diagrams. c. Developed at the activity level and used to closely link project roles and responsibilities to project network activities. d. Used to illustrate the connections between work packages or activities and project team members. It ensures that there is only one person accountable for any one task to avoid confusion of responsibility. C) The process of cost estimation is defined in which process? a. Control Cost b. Plan Cost Management c. Estimate Cost d. Budget Cost