Should every risk, no matter how major or minor, have a contingency plan created to address it?
Question:
Should every risk, no matter how major or minor, have a contingency plan created to address it?
Why or why not?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Whether every risk regardless of its magnitude should have a contingency plan depends on various factors including the nature of the risk its potentia...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Contemporary Project Management
ISBN: 9780357715734
5th Edition
Authors: Timothy Kloppenborg, Vittal S. Anantatmula, Kathryn Wells
Question Posted:
Students also viewed these Business questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Googles ease of use and superior search results have propelled the search engine to its num- ber one status, ousting the early dominance of competitors such as WebCrawler and Infos- eek. Even later...
-
THIRD AVENUE SOFTWARE HEALTH-CARE APP PROJECT This case is new for the ninth edition of Information Technology Project Management . The case provides an opportunity to apply agile and Scrum...
-
In its first year of operation, Oriole Printing Shop estimated manufacturing overhead costs and activity in order to determine a predetermined overhead rate. At year end, March 31, overhead was...
-
1. Greenfields is a mail order seed and plant business. The size of orders is uniformly distributed over the interval from $25 to $80. Use the following random numbers to generate the size of 10...
-
For the following exercises, graph the polar equation. Identify the name of the shape. r = 5sin(3)
-
An Ontario law permits a game of chance called bingo when it is offered by specific not-for-profit institutions, including churches. Reverend Matthew Pappas, the priest of a new parish in suburban...
-
Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: Projected benefit obligation Balance, January 1 $150,000,000 Service...
-
Solve the triangle. a=4, b=9, c=7 A (Do not round until the final answer. Then round to the nearest degree as needed.) B 0 (Do not round until the final answer. Then round to the nearest degree as...
-
Are both qualitative and quantitative risk analyses used on all projects? Why or why not?
-
What two main criteria are used when evaluating risks during qualitative risk analysis?
-
Determine which sets of vectors are orthogonal. -1 -1 -1 -1
-
prepare Income Statement and Balance Sheet of Diamond20 marks Trading from the adjusted Trial Balance below _Dr Cr____________ Sales 8,53 Accounts Payable 2,150 Prepaid expenses 620 Salaries Payable...
-
Minimum Viable Product (MVP) on an Retail e-Commerce app (a product built to order groceries online and deliver to your door). The app has been running in the South African market successfully only...
-
Read the Street Law summary of the Brown v. Board of Education (1954). Answer the following: 1. Identify the constitutional principles used to make the ruling in the case. 2. Explain how the facts in...
-
Diana wants to accumulate $35,000 in a fund with payments of $1,500 made at the end of every six months. The interest rate is 6.97% compounded semi-annually. a. How many payments (rounded up to the...
-
5. Assume a simple closed Keynesian model where the MPC is 0.9 and the MPIM is 0.1. Also assume that potential real GDP is $2000 million, while actual (equilibrium) real GDP is $1600 million. a. What...
-
American Airlines and British Airways are proposing to merge. If different unions represent British pilots and American pilots how would this merger affect airline costs?
-
On October 31 Juanita Ortega, owner of Outback Guide Service, received a bank statement dated October 30. Juanita found the following: 1. The checkbook has a balance of $2,551.34. 2. The bank...
-
If a loan is repaid, the lender does not have to include the principal portion of the payment in gross income. There is no exclusion in the tax law that permits taxpayers to omit such amounts from...
-
A landlord who receives prepaid rent is required to report that amount as gross income when the payment is received. Why would Congress choose to do this? What problem does this create for the...
-
Office space is often rented without carpet, wall covering, or window covering. Furthermore, many rental agreements specify that these improvements cannot be removed by a tenant if removal causes any...
-
Sort the following into asset, liability and stockholder equityAccounts payable. . . . . . . Liability Accounts receivable. . . . . Asset Advertising expense. . . . . ? Building. . . . . . . . . . ....
-
In applying the present value rule for a lease classification, the present value of the residual value a. should be included regardless of guaranteed or not. b. should only be included if it is...
-
When it comes to cost allocation, there are various best practices that can be used. One is to thoroughly record the allocation process. This helps to guarantee that costs are allocated consistently...
Study smarter with the SolutionInn App