As the project manager, discuss the risk management process you think might have identified the danger in using a cheap computer system Discuss the type of risk analysis approach you think would have been most appropriate in this situatio
Q: Identify the root causes(s) of a need or pain point in the topic Ishikawa diagram together with the ...
A: Introduction to Ishikawa diagram: Ishikawa diagram is known as fish bone diagram or cause and effect...
Q: What do you think about the impact of the Industry 4.0 technological revolution on scientific resear...
A: Industry 4.0 says, “When we acquire a lot of new jobs many jobs will go away, and many repetitive ta...
Q: How does the organization train their new employees? Explain types of training available.
A: Concept Of Training - Training is that type of process, in which the abilities or the skills of the ...
Q: In a reflective account, explain how this case study has contributed to your own learning, self-deve...
A: Martha Jayasekara even she is disabled person she never loose hope in her life . She motivated herse...
Q: Harris says to him that it will be taken seriously if he tries to be a barrier in implementing new s...
A: Bureaucratic environment- working in this kind of environment make difficult for other to surviv...
Q: Shopping online can be social again, as it was in person," says Wade Garten, chief executive officer...
A: Leveraging the influence of social networks, companies can now comprehend their clients better, cont...
Q: 1)What are the advantages and disadvantages of e-commerce? 2)Can E-learning be defined as an e-busi...
A: As per Bartleby guidelines, Since you have asked multiple questions, I am providing you the answers...
Q: Examine the pros and disadvantages of enterprise-based systems in terms of maximising the use of inf...
A: Information and communication technology aims for unified communications systems in an organization....
Q: Assess the impact of a change. Imagine that you are the change manager for acompany that does busine...
A: Change in business refers to any change that has occurred due to the demand in the market. Businesse...
Q: The organizational structure of the Mazoon Omani Dairy Company
A: About Mazoon Omani Dairy Company - Mazoon is a largest dairy company in Sultanate of Oman. They c...
Q: True & false The torts of assault and battery are very common in the business and professional cont...
A: The torts of assault and battery are considered as intentional torts, where assault includes intenti...
Q: sustainaibilitiy of an organisation can be addressed at two levels , describe and explain .
A: In the organization, sustainability refers performing the business activities to sustain itself on t...
Q: Which of the following describes an advantage of the ranking method of appraisal? Multiple Choice ...
A: The ranking method of appraisal is a way to compare the performance of the employees. It helps the o...
Q: Providing Feedback is the third component of a comprehensive performance management plan. How does ...
A: Performance management illustrates a procedure of evaluating the individual's performance in the com...
Q: Provide an explanation on the relationship between risk strategies and risk mana
A: Every organization has to face risks and uncertainties irrespective of its size and type. Whether th...
Q: Using examples, evaluate the difficulty of providing potable (drinking) water in countries at differ...
A:
Q: Look at the illustrations attached. For each of the following, think of which illustration that woul...
A: Business refers to a profession, occupation, or trade, or is a commercial activity that includes off...
Q: write a work plan with 5 strategies focusing on employee turnovers while improving corporate culture...
A: Strategies introduction: Strategies are action plan which help us to achieve the long term organisat...
Q: As an employer, discuss the things to consider when reviewing the resume of the applicants.
A: Reviewing a resume starts with a job description , in an effective job description , details the qua...
Q: The BMW Group places great emphasis on an unprejudiced, appreciative and inclusive working environm...
A: In the current situation, BMW group is a multinational corporate manufacturer their role is to bu...
Q: In which of the following project delivery methods does someone with construction expertise serve as...
A: PROJECT MANAGEMENT: Project management is the process of planning, organizing, guiding, and controll...
Q: _____next was lost in the rumble. a) O The speaker said that b) © What was the speaker said c) O ...
A: This is a grammar and sentence formation question
Q: Discuss with relevant real organization examples in Thailand the benefits and challenges in managing...
A: Diversity refer to those force which deal with the fact that people are different from each other in...
Q: Evaluate how Christensen’s strategy development process influences organizational behaviour and espe...
A: Concept Of Christensen's Theory - The theory of Christensen, is known for its best theory of disrupt...
Q: 1. What is the definition of learning using the components of a good definition? 2. Compare the de...
A: 1. “Learning is the relatively permanent conversion in an individual’s behavior or knowledge due to ...
Q: Which statement best describes the management function of controlling Multiple Choice O Managers cre...
A: Controlling can be defined as one of the most important function of management in the organization a...
Q: Management in Action Tim and Richard Smucker Manage a Great Place to Work According to a study condu...
A: Since you have asked multiple questions, we will solve the first question for you. If you want any s...
Q: If property management have to go the resident home for checking what possible problem does the prop...
A: Concept Of Property Management - Property Management is a concept, that is elaborated as a type of o...
Q: 1. In order of importance, list six "characteristics of objectives." 2. In order of importance, list...
A: Business objectives are the specific and measurable results firms hope to maintain as their company ...
Q: Berlin Berlin, on the other hand, is a confident individual. He will work for money and will not he...
A: In order to get the best outcome from an employee the manager must ensure that the person should be ...
Q: How and why compensation is seen as a strategic business partner?
A: Compensation is a precise way to approach offering monetary benefit to workers in return for work pe...
Q: What possible benefits can connected-car technology offer automakers such as BMW in terms of boostin...
A: A connected car is any vehicle or car that can connect to the Internet. Usually, such vehicles have ...
Q: Does retraining current employees better than hiring new talent wholesale? Why or why not? What are ...
A: Training is a key part of the human resource development program of a company which is concerned wit...
Q: Q5: Case 5 Mr. Tom promises to find a job for Mr. Martin in a public company. Mr. Martin promises to...
A: A contract can be defined as an agreement which is legally enforceable and which that defines and go...
Q: Consider a hypothetical study that suggests that job satisfaction predicts the extent to which emplo...
A: A variable is an element that can be calculated & that can carry various values. Height, age, re...
Q: Discuss the pros and cons of calculating the ROI of a training program. Should TD Bank do this as a ...
A: Training and development is the core function of the human resource department and is used to enhanc...
Q: Think of a topic connected to Corporate-Related Issue and write an essay about it (e.g., management,...
A: The topic which we shall discuss is the HR issues : Human resources management is a type of manageme...
Q: the BMW Group promotes a culture that sees strength in diversity and difference as a valued asset.” ...
A: Concept Of Diversity In An Organization - Diversity, in an organization, is a concept, that is used ...
Q: Why are productivity, organization, and fairness part of the business ethics in the workplace among ...
A: Business ethics refers to the set of norms and fundamental principles that need to be followed when ...
Q: 1. Describe why there is special pressure to perform well in events. 2. Why is it crucial to identif...
A: Here Multiple Questions are being asked but we are advised by the team Bartleby to answer only singl...
Q: Write three business letters in reply using the information below. Use separate typed pages in a Wor...
A: communication is the heart of a business. there are three basic forms of communication that run a bu...
Q: “The Diversity Week and the simultaneously run global diversity awareness campaign were transmitted ...
A: A virtual team normally implies a gathering of people who collaborate from various geographic region...
Q: A.Cite a situation in the workplace or maybe at home using SMART objectives in Locke's Goal Setting ...
A: SMART goals: SMART (specific, measurable, achievable, relevant, and timely) SMART goals aid the indi...
Q: The information services department at Madison Drugs is trying to stimulate user participation in th...
A: INFORMATION SYSTEM: An information system is an accumulated set of elements used for collecting, sto...
Q: illustrate the relationship of the 3 levels of business ethics.
A: Business ethics: Ethics depicts the structured study of a careful selection of the criteria of fair ...
Q: Which of the following would be a characteristic of an autocratic manager? Allowing workers to make ...
A: Leader In business, leadership is defined as a corporation's management's ability to establish and ...
Q: For each scenario, discuss the following: - What is the issue (there may be more than 1)? • Who are ...
A: About the situation- The situation is related to the scheduling and negligence of the employees over...
Q: Allowances and reimbursements for international assignments are costly. Should companies avoid inter...
A: International Business- International business refers to the activities of the business that takes p...
Q: 4. Explain Henry Mintzberg’s concept of 5-Ps in your own words with example.
A: Henry Mintzberg created 5 strategic visions for the associations that specify the execution of a mor...
Q: Give the reasons for the importance and relevance for leadership effectiveness in these areas of lea...
A: Leadership is a practice as well as skill that makes a person a good manager. It is because they are...
Project Risk Analysis
Sydney, Australia’s M5 East Tunnel was constructed under strict budgetary and schedule requirements, but given the massive traffic delays now hampering commuters, the requirements may have been excessive.
Due to an inexpensive computer system with a high failure rate, the tunnel’s security cameras frequently fail, requiring the operators to close the tunnel due to inability to react to an accident, fire, or excessive pollution inside the tunnel.
The tunnel was built to handle 70,000 vehicles a day, but it now carries 100,000, so any glitch can cause immediate traffic snarls. A managerial risk analysis, including the risk of overuse, might have anticipated these problems and mandated a more reliable set of computers once the costs of failure had been included.
Required:
- As the project manager, discuss the risk management process you think might have identified the danger in using a cheap computer system
- Discuss the type of risk analysis approach you think would have been most appropriate in this situation
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?CASE STUDY: Nik and Andy are colleagues working at a multinational automotive company in Malaysia. Both is a Regional Manager for Kuala Lumpur and Sabah. An advertisement has been placed on the company’s and major recruitment’s website to employ a new Country Manager located in Seoul, South Korea. Both want to negotiate with General Manager, Mr Ravi, that they would excel and get promotes as “Country Manager”, from their current position as regional manager. This position will provide either one of them with many opportunities and benefits such as higher salary with more responsibilities and utilizing more of their technical and leadership skills. Besides, both have been working for the company for more than 5 years as a full-time employee and have made an enormous contribution to the organization. From their experience, they have also determined that Mr.Ravi is “conscientiousness” personality type as per the “Big Five” personality type. Nik is married but has no children. His wife is…
- CASE STUDY: Nik and Andy are colleagues working at a multinational automotive company in Malaysia. Both is a Regional Manager for Kuala Lumpur and Sabah. An advertisement has been placed on the company’s and major recruitment’s website to employ a new Country Manager located in Seoul, South Korea. Both want to negotiate with General Manager, Mr Ravi, that they would excel and get promotes as “Country Manager”, from their current position as regional manager. This position will provide either one of them with many opportunities and benefits such as higher salary with more responsibilities and utilizing more of their technical and leadership skills. Besides, both have been working for the company for more than 5 years as a full-time employee and have made an enormous contribution to the organization. From their experience, they have also determined that Mr.Ravi is “conscientiousness” personality type as per the “Big Five” personality type. Nik is married but has no children. His wife is…CASE STUDY 2: PADDING THE EXPENSE REPORT Mamat is a marketing executive in AXA Bhd. He has been working with the company for about a year. The job required Mamat to travel several days a month. Since he is not married Mamat does not mind the travel. He enjoys the variety and the Furthermore, the company reimburses him for his travel expenses. On his recent out-of-town trip, he was accompanied by Hassan, his supervisor, and friend. While discussing the reimbursement for the trip, Hassan told him to increase the number of his cab fares since the driver only stamped the receipt letting them fill out the amount themselves. As Mamat hesitated, Hassan told him "I've been with the company for more than six years, I should know what's okay to do". As Mamat was filling out his claim form, he knew if he did pad the cab fares, his total would change of working environment. conflict with Hassan's. 1) Should Mamat inform the top management about Hassan and destroy their relationship as friend and…Case Study 1: Project Management – Decision Trees A local toy manufacturer has three different mechanisms that can be installed in a doll that it sells. The different mechanisms have three different setup costs (overheads) and variable costs and, therefore, the profit from the dolls is dependent on the volume of sales. The anticipated payoffs are as follows: Light Demand Moderate Demand Heavy Demand Probability 0.25 0.45 0.3 Wind-up action $325,000 $190,000 $170,000 Pneumatic action $300,000 $420,000 $400,000 Electrical action -$400,000 $240,000 $800,000 What is the ultimate objective in the use of decision trees to product design? How is this objective accomplished? Draw the decision tree. What is the EMV of each decision alternative? Which action should be selected?
- an engineer proposes to spend $95,000 on a capital project to upgrade a package delivery system. The project is expected to have labor savings of $20,000 a year plus reduce scrap costs by $5,000 a year. There is expected to be no salvage value at the end of the equipment life, which is anticipated to be 7 years. MARR is 12% What is the rate of return (ROR) for the worst case scenario? Best case worst case Initial Cost $95,000 $110,000 Labor Savings $25,000 $15,000 Scrap Cost Reduction $6,000 $4,000PLEASE PLEASE PLEASE Case Study Scenario # 4: Blood for sale Sol Levin was a successful stockbroker in Tampa. He observed that in the United States, the blood used for transfusions mostly comes from donation from well-wishers. However, since most people are not willing to donate, there was a blood deficit in the country. He considered this scenario as an opportunity for a profitable business, and thus together with some colleagues, they formed Plasma International. The company mainly deals with the location, purchase, supply, and sale of blood to individuals and organizations that need it for transfusion. During the initial stages of the company’s operation, the company bought contaminated blood from alcoholics and drug addicts as only a few people in the country were willing to exchange their blood for money. However, the organization later found a village in Africa where people were more willing to sell their blood to the company at prices as low as fifteen cents a pint.…CASE STUDY 2: Mamat is a marketing executive in AXA Bhd. He has been working with the company for about a year. The job required Mamat to travel several days a month. Since he is not married Mamat does not mind the travel. He enjoys the variety and the change of working environment. Furthermore, the company reimburses him for his travel expenses. On his recent out-of-town trip, he was accompanied by Hassan, his supervisor, and friend. While discussing the reimbursement for the trip, Hassan told him to increase the number of his cab fares since the driver only stamped the receipt letting them fill out the amount themselves. As Mamat hesitated, Hassan told him “I’ve been with the company for more than six years, I should know what’s okay to do”. As Mamat was filling out his claim form, he knew if he did pad the cab fares, his total would conflict with Hassan’s. 1) What courses of action are open to Mamat? Give FIVE [5] the course would you recommend he take? Why?
- Mini Case Study - EAP Mary Jones was recently appointed to the new position of director of employee assistance programs at Mega Hotels. Over the objections of her boss, the director of human resources, Mary quickly instituted an alcohol and drug abuse awareness program in each of the hotel’s properties. Her boss opposed the program on the basis that Mega Hotels knew little about the kinds of problems its employees faced. Mary established in-house programs at each property in the chain and hired specialists to implement and supervise the programs. The annual salaries of the five specialists averaged $24,000. Three months later, the president of Mega Hotels asked for a status report on the employee assistance program. At that time, Mary could report only a five percent employee participation rate. The president was disappointed with this rate and threatened to cancel the program. The president asked Mary to evaluate the progress of the program and to make recommendations for its…When describing potential loss, what are the metrics that are used?CASE STUDY In the not-too distant future, technology has advanced and space travel has become increasingly popular. Humans have colonised Mars and, to a lesser extent, the moon, driving not only the desire for tourism, but the necessity of travel and delivery services between these three major destinations. Sam Osland has recently taken on the role of CEO of “Voyager”, an interplanetary airline owned by the Moon Government and offering flights between the three aforementioned destinations. In this role, Sam has been given information and is attempting to analyse Voyager’s current position to determine what strategy is being pursued and how best to position Voyager against their major competitors; SpaceX, Virgin Galactic and Blue Origin. Voyager operates out of a single hub on the moon. While competitors operate to and from multiple spaceports (airports for spacecraft), Voyager continues to base its operations on the moon, with a single spaceport on Mars and another on Earth,…