In risk assessment, what do members of the company's safety group need to consider when doing the process of safety-related event classification? Why?
Q: In connection to Risk Management, what is the reward for risk taking? Subsidies Low taxes Efficient…
A: Below is the solution:-
Q: What are the different classes of system and network risk? Real-life dangers?
A: System and network risk classes are crucial in recognizing and mitigating potential threats to an…
Q: sessment matrix including a reponse plan for each risk identified.
A: Four risks that could be identified with any project is failure to manage risk inherent in the…
Q: The evaluation of problems is important for the study of risk assessment. Why is it essential that…
A: Risk is the possibility of happening something bad or uncertain. It involves certain activities that…
Q: The Risk Management Strategy includes Business Continuity Management?
A: When it comes to Business Continuity and Risk Management – Risk is in the driving seat. The…
Q: With reference to the risk you mentioned in Analyse and explain ONE key risk the company faced when…
A: Risk management can be referred to as the process of finding, analyzing, and controlling possible…
Q: With the use of proper examples, clearly define the following concepts:International Ship Security…
A: Certificate of Origin- A origin certificate is a document of shipping that will establish the origin…
Q: What is the risk analysis for a Restaurant (culture restaurant)?
A: The term risk can be understood as an occurrence of undesirable outcome. Risk is a negative outcome…
Q: Assess the risk What two main things should the person in charge or responsible for safety consider…
A: Risk Management is an architecture of principles, framework, and processes for managing risks…
Q: Explore the role of risk management within the Wilson approach and its impact on system reliability…
A: Risk Management:The systematic process of risk management is recognizing, evaluating, prioritizing,…
Q: What exactly does risk management entail? Discuss the process of risk management using the diagram
A: The process of identifying, evaluating, and managing threats to an organization's earnings and…
Q: Name and explain each of the basic risk management principles that must be considered when designing…
A: Organizational risk management consists of analyzing possible dangers that threaten to compromise…
Q: Make a example that encounter in life like travelling at school to house. Use the following risk…
A: In my opinion, an example of risk management is:-Let I am traveling from school to house, and…
Q: he motivation of study : Why do we need a risk assessment? What are the benefits of it with respect…
A: Every business has to encounter certain types of risks that may lead to disruption in the process.…
Q: When considering the ‘total cost-of-risk’ to an organisation three risk management objectives need…
A: Note: Since the question does not specify complete context, we are providing the solution in a…
Q: Is there a distinction between the terms "risk management" and "risk assessment?"
A: The primary motive of the business organizations is to earn profits by selling the products and…
Q: Reliability vs viability
A: Marketing research aims at collecting data that is both correct and accurate. The purpose is not…
Q: With an aid of a diagram, show the relationship between risk assessment and risk management.
A: Risk assessment is a micro-level term which comes under risk management. This process involves…
Q: research objectives for importance of risk management mechanism and literature review of importance…
A: Risk management mechanisms play a vital role in the success and sustainability of organizations…
Q: When comparing "unique-event" and "super-event" risks, what's the difference
A: Feedstock shares are crucial for acquiring the best products because of the nature of production. In…
Q: You have just been hired as an intern with XYZ Sdn. Bhd. This company manufactures sportswear. Since…
A: Environmental, economic and social concerns are important for every business organization. It is the…
Q: List 3 critical areas of risk management requiring / that will require increasing focus in the…
A: Here, Question has asked about the three critical areas of risk management that will require…
Q: What does the term "risk management" mean? Discuss the risk management process using the diagram.
A: Risk management is the process of identifying, assessing, and mitigating potential risks that could…
Q: What is factor of safety? Why is it called factor of ignorance? Explain briefly
A: The design impacts operations and evaluates the number of elements fabricating the item and states…
Q: Explain the “risk assessment process” of a business organization with examples
A: Maintaining a business accompanies numerous kinds of risks. A portion of these potential perils can…
Q: System and network risk classifications? Real-life dangers?
A: System and network risk classifications are crucial in identifying and mitigating potential threats…
In risk assessment, what do members of the company's safety group need to consider when doing the process of safety-related event classification? Why?
![](/static/compass_v2/shared-icons/check-mark.png)
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
- Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What does the Institute of Supply Management code of ethics say about financial conflicts of interest?Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. Ethical decisions that affect a buyers ethical perspective usually involve the organizational environment, cultural environment, personal environment, and industry environment. Analyze this scenario using these four variables.Scenario 4 Sharon Gillespie, a new buyer at Visionex, Inc., was reviewing quotations for a tooling contract submitted by four suppliers. She was evaluating the quotes based on price, target quality levels, and delivery lead time promises. As she was working, her manager, Dave Cox, entered her office. He asked how everything was progressing and if she needed any help. She mentioned she was reviewing quotations from suppliers for a tooling contract. Dave asked who the interested suppliers were and if she had made a decision. Sharon indicated that one supplier, Apex, appeared to fit exactly the requirements Visionex had specified in the proposal. Dave told her to keep up the good work. Later that day Dave again visited Sharons office. He stated that he had done some research on the suppliers and felt that another supplier, Micron, appeared to have the best track record with Visionex. He pointed out that Sharons first choice was a new supplier to Visionex and there was some risk involved with that choice. Dave indicated that it would please him greatly if she selected Micron for the contract. The next day Sharon was having lunch with another buyer, Mark Smith. She mentioned the conversation with Dave and said she honestly felt that Apex was the best choice. When Mark asked Sharon who Dave preferred, she answered, Micron. At that point Mark rolled his eyes and shook his head. Sharon asked what the body language was all about. Mark replied, Look, I know youre new but you should know this. I heard last week that Daves brother-in-law is a new part owner of Micron. I was wondering how soon it would be before he started steering business to that company. He is not the straightest character. Sharon was shocked. After a few moments, she announced that her original choice was still the best selection. At that point Mark reminded Sharon that she was replacing a terminated buyer who did not go along with one of Daves previous preferred suppliers. What should Sharon do in this situation?
- Critically discuss risk management from the viewpoint of the customer ?When considering the ‘total cost-of-risk’ to an organisation three risk management objectives need to be considered. Determine these risk management objectivesWhy is risk assessment mechanism necessary to resolve the challenges faced by the company?
- perform a risk analysis on the Palapye Glass project in BotswanaPropose an initial risk register (Table form with 7 risks) Barbados GIS – The United Nations Food and Agriculture Organization (FAO) has collaborated with the Ministry of Maritime Affairs and the Blue Economy, and local business Adams Aquafarms, on a project to train persons in aquaponics. Aquaponics is a sustainable way of integrating land-based fish farming with plant production. Both are placed in a tank, and the set up allows for them to coexist, with the waste produced by the fish fertilizing the plants, while the plants purify the water for the fish. The training, funded by the FAO, will take place at a demonstration facility, located at Adams Aquafarms, Hopewell, St. Thomas. The FAO is currently targeting 30 entrepreneurs and 10 teachers. Minister of Maritime Affairs and the Blue Economy, Kirk Humphrey, believes the project will be “transformative”, as it has the potential to empower Barbadians. “In aquaponics, you have the opportunity to have, at the same time, multiple sources…What is the risk analysis for a Restaurant (culture restaurant)?
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)
![Purchasing and Supply Chain Management](https://www.bartleby.com/isbn_cover_images/9781285869681/9781285869681_smallCoverImage.gif)