Exam (elaborations)
ARM 401 Assignment 1 - Identifying Risk Exam Questions with Correct Answers.
- Course
- Institution
ARM 401 Assignment 1 - Identifying Risk Exam Questions with Correct Answers.
[Show more]
Seller
Follow
Content preview
ARM n401 nAssignment n1 n- nIdentifying nRisk nExamnQuestions nwith nCorrect nAnswers
Facilitated nWorkshops n- nCorrect n nAnswer n- nA nneutral nparty n(the nfacilitator), nwho nhas nno nstake
nin nthe noutcome nor nparticipation nresponsibilities, nadministers nthe nrisk nworkshop nand npropels
nthe ngroup nto nachieve nits ngoal.
Delphi nTechnique n- nCorrect n nAnswer n- nUses nthe nopinions nof na nselect ngroup nof nexperts nto
nidentify nrisks. nTypically, nthese nexperts ndon't nmeet nbut nrespond nto na nsurvey nor ninquiry ninstead.
HAZOP n- nCorrect n nAnswer n- nPrimarily nused nto ndesign ncomplex, nscientific nsystems nsuch nas nthose
nused nin nengineering, nchemical, nmechanical, nelectronic, nand ncomputer noperations. nBut nit ncan nbe
nadapted nto nanalyze ncertain norganizational nstrategies nand ninitiatives.
SWOT nanalysis n- nCorrect n nAnswer n- nStrengths, nweaknesses, nopportunities, nand nthreats. nThis nis na
nteam napproach nthat's nuseful nin nanalyzing na nnew nproject nor nproduct. nThe nstrengths nand
nweaknesses nare ninternal nenvironmental nfactors nto nbe nconsidered. nThe nopportunities nand
nthreats nare nexternal nenvironmental nfactors.
Delmar nAeroFab nInc. nis ndesigning na npart nfor na ncommercial naircraft nthat ncannot nhave nany
ndefects. nWhich nof nthese nteam-oriented napproaches nto nrisk nidentification nshould nit nadopt?
A) nFacilitated nWorkshops
B) nDelphi nTechnique
C) nHAZOP
D) nSWOT n- nCorrect n nAnswer n- nC) nHAZOP
Scenario nAnalysis n- nCorrect n nAnswer n- nIdentifies nrisks nand npredicts nthe npotential nconsequences
nof nthose nspecific nrisks.
Risk nThreshold n- nCorrect n nAnswer n- nThe nrange/amount nof nrisk nthat nis nacceptable nto ntake non.
CraftNoise, nInc., nmakes nspeakers nfor nconsumers' nhomes. nManagement nknows nthat nwhen na
ncustomer nhas nto nreturn na ndefective nspeaker, nthat ncustomer nwill nnot nreturn nto npurchase
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ParadisePro. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
79751 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now