0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is risk analysis and risk exposure and what are the techniques you can use to mitigate risk?
Once the risks have been identified, you need to answer two main questions for each identified risk: 1. What are the odds that the risk will occur, 2. If it does occur, what will its impact be on the project objectives? You get the answers by performing risk analysis. There are two main forms of Risk Analysis: 1. Qualitative Risk Analysis & 2. Quantitative Risk Analysis You Mitigate Risks by first analyzing the risks and then taking steps to ensure that the risks are prevented.handled during the course of your project execution
What is the most wanted engineering branch?
focus on 4 engineering fields which are: 1) electrical engineering 2) mechanical engineering 3) civil engineering 4) environmental engineering ,
What is offshore engineering?
when you do engineering at offshore, it is known as offshore engineering. It is just the opposite of on shore engineering . He He He He He He
What are the top 5 branches in engineering according to job opportunities?
Mechanical engineering computer science and engineering electricial engineering electronics n telecommunication engineering civil engineering
What are the five branches of engineering?
There are five basic areas of engineering: * Aerospace Engineering. * Chemical Engineering. * Civil Engineering. * Electrical Engineering. * Mechanical Engineering. A link is provided to the Wikipedia article on engineering. You can read a little bit about each one of these specialty areas there.
How do you use genetic engineering in a sentence?
the risks and benefits of genetic engineering.
How many specialities are identified in the civil engineering organization?
12
A risk analysis report should call attention to?
all identified risks
Risk assessment is built on the foundation that you've identified what?
Risk assessment is built on the foundation that you've identified all the relevant hazards or risks.
Is electrical engineering dangerous?
Electrical engineering is a large field. Certain jobs can be dangerous; others are not so dangerous. If you know what you're doing and are careful, the risks tend to be minimal.
When risks of material misstatement due to fraud are identified how should auditors adjust their audit approach?
meaning of material misstatement
How do you address potential health and safety risks identified?
When a potential health and safety risk is identified it is important to address it right away. This corrective action should be swift and eliminate the risk that has been found.Â
What is risk analysis and risk exposure and what are the techniques you can use to mitigate risk?
Once the risks have been identified, you need to answer two main questions for each identified risk: 1. What are the odds that the risk will occur, 2. If it does occur, what will its impact be on the project objectives? You get the answers by performing risk analysis. There are two main forms of Risk Analysis: 1. Qualitative Risk Analysis & 2. Quantitative Risk Analysis You Mitigate Risks by first analyzing the risks and then taking steps to ensure that the risks are prevented.handled during the course of your project execution
Why does risk management fail?
The only reason for risk management to fail is if the risks weren't adequately identified and inproper management at the beginning of the project.
How and when to report potential health and safety risks that have been identified?
Potential health and safety risks must be reported immediately to ones supervisor. It is up to the supervisor to use the chain of command and as needed it will even be reported to government offices.
Why is it important to deal with or promptly report risks in a workplace?
If a risk/hazard is identified in the workplace and it is not dealt with, or reported to someone who can deal with it, then someone may be injured.
What is the Output of Risk Identification process?
The risk register is a document that contains the output of the risk identification process. The risk register will be constantly updated with a lot of information from other risk management processes. To begin, you store the following information from the risk identification process in the risk register:• List of identified risks - These are the risks that you identified in the risk identification process. These risks should be described in reasonable detail, which may include the following:o The risks - The definition and nature of each risk and the causes that will give rise to the risk.o List of the root causes of the risks - This is a list of events or conditions that might give rise to the identified risks.o Updates to risk categories - Risks categories were originally identified in the risk management planning process. However, in the process of identifying risks, you might discover new categories or modify existing categories. The updated risk categories must be included in the risk register. • List of potential responses - Risk response planning is a separate process that is performed after risk analysis. However, during risk identification, you might identify potential risk responses that you must document in the risk register. These responses can be further examined and planned in the risk response planning process.
