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 QUALITY ANSWERS
[Show more]
Content preview
MNO3706Assignment 1
Semester 2 2024
QUESTIONS WITH ANSWERS
[School]
[Course title]
, 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
Measuring or managing risk involves identifying, assessing, and controlling risks that could
potentially impact an organization. Some common techniques include:
1. Risk Identification: This involves identifying potential risks that could affect the project
or business. Techniques include brainstorming, SWOT analysis (Strengths, Weaknesses,
Opportunities, Threats), and expert judgment.
2. Risk Assessment: This process involves evaluating the identified risks to understand
their potential impact. Techniques include:
o Qualitative Risk Assessment: Ranking risks based on their probability and
impact using tools like risk matrices.
o Quantitative Risk Assessment: Using numerical methods such as Monte Carlo
simulations and decision tree analysis to assess risk magnitude.
3. Risk Mitigation: Developing strategies to reduce or eliminate the impact of risks.
Common strategies include:
o Avoidance: Altering plans to eliminate the risk.
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 EFT, 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 this summary from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller jpapaya. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy this summary for R50,00. 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 summaries for 14 years now