Exam (elaborations)
MNO3706 Assignment 1 Semester 2 2024
- Course
- Institution
MNO3706 Assignment 1 Semester 2 2024 QUESTIONS AND ANSWERS
[Show more]
Seller
Follow
msmartie11
Reviews received
Content preview
MNO3706Assignment 1
Semester 2 2024
[Company address]
, MNO3706 Assignment 1 Semester 2 2024
1. Explain the use the technique used to measure or manage risk. (10)
2. Clarify the fundamental principles of learning. (10)
3. Explain the four (4) step teaching method. (10)
1. Explain the Technique Used to Measure or Manage Risk (10)
Risk management involves identifying, assessing, and prioritizing risks followed by
coordinated efforts to minimize, monitor, and control the probability or impact of
unfortunate events. One common technique is Risk Assessment which includes the
following steps:
• Identification: Recognize potential risks that could affect the project or
organization.
• Analysis: Evaluate the nature of the risk and its potential impact.
• Evaluation: Determine the risk's likelihood and consequences to prioritize its
management.
• Treatment: Develop strategies to mitigate, transfer, accept, or avoid the risk.
• Monitoring and Review: Continuously observe the risk environment and review
the effectiveness of risk management strategies.
Risk assessment techniques can include qualitative methods like risk matrices or
quantitative methods such as statistical analysis and modeling.
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 msmartie11. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $2.50. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
64438 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now