Exam (elaborations)
MNO3706 Assignment 1 Semester 2 2024
- Course
- MNO3706 (MNO3706)
- Institution
- University Of South Africa (Unisa)
MNO3706 Assignment 1 Semester 2 2024 QUESTIONS WITH ANSWERS
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MNO3706 Assignment 1Semester 2 2024
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, 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. Techniques Used to Measure or Manage Risk
1. Risk Identification:
o Technique: Brainstorming, interviews, SWOT analysis.
o Explanation: Identifying potential risks through structured brainstorming
sessions, conducting interviews with key stakeholders, or performing a
SWOT analysis to recognize threats.
2. Risk Assessment:
o Technique: Qualitative and quantitative analysis.
o Explanation: Evaluating the identified risks using qualitative methods
(e.g., probability-impact matrix) and quantitative methods (e.g., statistical
models, Monte Carlo simulations) to determine the likelihood and impact.
3. Risk Prioritization:
o Technique: Risk matrix, Pareto analysis.
o Explanation: Ranking risks based on their severity and likelihood using a
risk matrix or applying Pareto analysis to focus on the most critical risks.
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