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risk assessment

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Jody Fay

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Q: What is the analysis of a situation to determine the level of risk inherent in that situation is called?
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Examination of the sources of supply for purchased parts or materials in order to improve performance is called?

value analysis


What is strategic analysis?

Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? * What would be your response to likely changes? It's called strategic because it's high level, about the longer term, and about your whole organisation. It's called analysis because it's about breaking something that's big and complex down into more manageable chunks. Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions: * How might what's happening affect you? * What would be your response to likely changes? It's called strategic because it's high level, about the longer term, and about your whole organisation. It's called analysis because it's about breaking something that's big and complex down into more manageable chunks.


Techniques use to create the risk management plan?

The technique used to create the risk management plan is called "Planning Meeting & Analysis"


What is strategic advantage analysis?

Strategic analysis is about looking at what is happening outside your organisation now and in the future. It asks two questions:How might what's happening affect you?What would be your response to likely changes?It's called strategic because it's high level, about the longer term, and about your whole organisation.It's called analysis because it's about breaking something that's big and complex down into more manageable chunks.The focus is external because factors outside your organisation have a powerful influence on it. Increasingly organisations appreciate that they can learn to manage their response to those influences, rather than assume there is nothing they can do.It's part of the overarching process of strategic planning.Strategic analysis boosts organisational effectivenessStrategic analysis helps to: Anticipate what might happenEvaluate how likely it is to happenPrepare for it happeningStrategic analysis will lead to clearer more relevant goals, better quality decisions, and a more secure future as you are better prepared for what will happen.Otherwise known as "external environmental analysis" it is a key step in strategic planning. It is the link between getting your overall direction right and making the right decisions. You will make better decisions if you understand the influences from the outside world to which you might have to respond in the future.Many funders are reassured by strategic analysis because they know that organisations that are well prepared for their future are more likely to use grants, donations and loans to greatest advantage and to maximise the difference their organisation makes.The cost of not doing at least a small amount of strategic analysis means missed opportunities (some call this 'opportunity cost' - the cost of not doing something). If you don't do strategic analysis you risk being left behind, missing opportunities for beneficiaries.


Why is it important to determine the critical path of a project?

The critical path helps you in determining how to accelerate your project by compressing tasks. Putting more people on critical path tasks and finishing it earlier will shorten the duration of the project (this is called crashing).

Related questions

The analysis of a situation to determine the level of risk inherent in that situation is called?

risk assessment


What is the ability to size up a situation determine what is important and decide what need to be done called?

Initiative is NOT the answer.


What is the ability to size up a situation quickly determine what is important and decid what needs to be done called?

judgement


What is the ability to size up a situation quickly determine what is important and decide what needs to be done is called?

judgement


What is the ability to size up a situation quickly determine what is important and decide what needs to be done called?

judgement


What is the ability to size up a situation quicky determine what is important and decide what needs to be done called?

Initiative is NOT the answer.


What is the ability to size up a situation quickly determine what is important and decide what needs to be called?

The ability to think on your feet.


In poetry analysis marking the meter of a poem is called?

In poetry analysis, marking the meter of a poem is called scansion. Scansion involves analyzing the stressed and unstressed syllables in a line of poetry to determine its metrical pattern and identify the rhythm of the poem.


What are Inherent flaws in system software code called?

They are called vulnerabilities.


Using Excel to scrutinize the impact of changing values in cells that are referenced by a formula in another cell is called?

what-if analysis or sensitivity analysis Its What-if Analysis


What is unit analysis also called?

dimensional analysis


Rights held to be inherent in natural law are called?

Naturel Rights