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ASSESSMENT TASK-4
Q:- What are three ways that
research........?
Ans:-Some project managers think they are
done once they have created a list with
risks. However this is only a starting point.
The next step is to make clear who is
responsible for what risk! Someone has to
feel the heat if a risk is not taken care of
properly. The trick is simple: assign a risk
owner for each risk that you have found.
The risk owner is the person in your team
that has the responsibility to optimise this
risk for the project. The effects are really
positive. At first people usually feel
uncomfortable that they are actually
responsible for certain risks, but as time
passes they will act and carry out tasks to
decrease threats and enhance opportunities.
Ownership also exists on another level. If a
project threat occurs, someone has to pay
the bill. This sounds logical, but it is an issue
you have to address before a risk occurs.
1.
Property coverage, for damage to or
theft of the car;
2.
Liability coverage, for the legal
responsibility to others for bodily injury
or property damage;
3.
Medical coverage, for the cost of
treating injuries, rehabilitation and
sometimes lost wages and funeral
expenses.
Most countries, such as the United Kingdom,
require drivers to buy some, but not all, of
these coverages. When a car is used as
collateral for a loan the lender usually
requires specific coverage.
Home insurance
Home insurance provides coverage for
damage or destruction of the policyholder's
home. In some geographical areas, the
policy may exclude certain types of risks,
such as flood or earthquake, that require
additional coverage. Maintenance-related
issues are typically the homeowner's
responsibility. The policy may include
inventory, or this can be bought as a
separate policy, especially for people who
rent housing. In some countries, insurers
offer a package which may include liability
and legal responsibility for injuries and
property damage caused by members of the
household, including pets.
Risk Consultants
Q:-Many consultants can work
with.........?
Ans:- Globalisation and connectivity have
ensured that risk is no longer confined to
one company, country or continent. The
sub-prime mortgage crisis is just one
instance of how risk can spread. The
regulatory burden is also growing as new
laws are introduced and older lawslike the
Foreign Corrupt Practices Actare more
rigorously enforced throughout the world.
But some of the risk management systems
that have been put in place have actually
made companies more vulnerable; they
have been designed to address what went
wrong yesterday, not what might go wrong
tomorrow. Many companies have also
adopted a piecemeal approach to risk
management
We approach every assignment holistically.
We listen to your specific concerns and
advise you on how best to address these
concerns, given your risk appetite. We can
help you:
Mitigation
Scope creep
2.
Hardware defect
3.
Software defect
4.
5.
Dependency change (unexpected
legal, regulatory, etc.)
6.
Integration defect (change due to
unexpected behavior.
Schedule risk:-
Project Dependencies
2.
Parts Delays
3.
Estimation errors
4.
Decision Delay
5.
Hardware Delay.
Stakeholders