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For each of the resources in the network diagram above, specify one possible risk. Also, use a ranking system of 1 to 5, where “5” is the most critical for the likelihood of occurrence and degree of impact.   Based on any tool or formula you would like to implement, list and prioritize the risks to start with.

For each of the resources in the network diagram above, specify one possible risk. Also, use a ranking system of 1 to 5, where “5” is the most critical for the likelihood of occurrence and degree of impact.   Based on any tool or formula you would like to implement, list and prioritize the risks to start with.

Database System Concepts
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
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1. For each of the resources in the network diagram above, specify one possible risk. Also, use a ranking system of 1 to 5, where “5” is the most critical for the likelihood of occurrence and degree of impact.

 

  1. Based on any tool or formula you would like to implement, list and prioritize the risks to start with.

 

The image displays a flowchart detailing a multi-step process for a project. Here is a transcription and explanation: 1. **Study & Planning** - Responsible: Levi - Step: 1 2. **Arrange Travel** - Responsible: Akodo - Step: 2 3. **Gather Pictures** - Responsible: Layakah - Step: 3 4. **Gather Testimonial** - Responsible: Levi - Step: 4 The flow continues, converging both the "Gather Pictures" and "Gather Testimonial" processes into a single sequence of tasks: 5. **Contract out design** - Responsible: Grace - Step: 5 6. **Contract out printing** - Responsible: Grace - Step: 6 7. **Contract out distribution** - Responsible: Grace - Step: 7 8. **Review Report** - Responsible: Levi - Step: 8 ### Diagram Explanation: - The diagram uses arrows to show the progression between tasks, indicating a sequential process from Study & Planning to Review Report. - Responsible individuals are identified for each step, emphasizing distributed responsibilities. - Steps 3 and 4 converge into a common pipeline, indicating that both tasks feed into the subsequent steps handled by Grace before final review by Levi. This layout effectively illustrates a planned approach with clear responsibilities for each part of the project.
Transcribed Image Text:The image displays a flowchart detailing a multi-step process for a project. Here is a transcription and explanation: 1. **Study & Planning** - Responsible: Levi - Step: 1 2. **Arrange Travel** - Responsible: Akodo - Step: 2 3. **Gather Pictures** - Responsible: Layakah - Step: 3 4. **Gather Testimonial** - Responsible: Levi - Step: 4 The flow continues, converging both the "Gather Pictures" and "Gather Testimonial" processes into a single sequence of tasks: 5. **Contract out design** - Responsible: Grace - Step: 5 6. **Contract out printing** - Responsible: Grace - Step: 6 7. **Contract out distribution** - Responsible: Grace - Step: 7 8. **Review Report** - Responsible: Levi - Step: 8 ### Diagram Explanation: - The diagram uses arrows to show the progression between tasks, indicating a sequential process from Study & Planning to Review Report. - Responsible individuals are identified for each step, emphasizing distributed responsibilities. - Steps 3 and 4 converge into a common pipeline, indicating that both tasks feed into the subsequent steps handled by Grace before final review by Levi. This layout effectively illustrates a planned approach with clear responsibilities for each part of the project.
The image depicts a table designed for risk assessment and management, typically used in project planning or organizational contexts. Below is a detailed transcription of the table: **Table for Risk Assessment and Management** | **Risk Name** | **Impact** | **Likelihood of Occurrence** | **Degree of Impact** | **Action on Trigger** | **Responsibility** | **Response Plan** | |-------------------|--------------|-----------------------------|----------------------|----------------------|-------------------|------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | **Description of Columns:** 1. **Risk Name**: The specific name or identifier for the potential risk. 2. **Impact**: A description of how the risk might affect the project or organization. 3. **Likelihood of Occurrence**: An assessment of how probable it is that the risk will occur. 4. **Degree of Impact**: An evaluation of the severity of the risk's potential consequences. 5. **Action on Trigger**: The immediate action to take if the risk occurs. 6. **Responsibility**: The person or team accountable for managing the risk. 7. **Response Plan**: The planned approach or steps to mitigate or eliminate the risk. This table structure facilitates systematic risk analysis by organizing key elements needed for proactive risk management.
Transcribed Image Text:The image depicts a table designed for risk assessment and management, typically used in project planning or organizational contexts. Below is a detailed transcription of the table: **Table for Risk Assessment and Management** | **Risk Name** | **Impact** | **Likelihood of Occurrence** | **Degree of Impact** | **Action on Trigger** | **Responsibility** | **Response Plan** | |-------------------|--------------|-----------------------------|----------------------|----------------------|-------------------|------------------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | **Description of Columns:** 1. **Risk Name**: The specific name or identifier for the potential risk. 2. **Impact**: A description of how the risk might affect the project or organization. 3. **Likelihood of Occurrence**: An assessment of how probable it is that the risk will occur. 4. **Degree of Impact**: An evaluation of the severity of the risk's potential consequences. 5. **Action on Trigger**: The immediate action to take if the risk occurs. 6. **Responsibility**: The person or team accountable for managing the risk. 7. **Response Plan**: The planned approach or steps to mitigate or eliminate the risk. This table structure facilitates systematic risk analysis by organizing key elements needed for proactive risk management.
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