Exam (elaborations)
ARM 401 Assignment 1 - Identifying Risk Exam Questions with Correct Answers.
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ARM 401 Assignment 1 - Identifying Risk Exam Questions with Correct Answers.
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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
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