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home / study / engineering / computer science / computer science questions and answers / mini-case b gu has requested that you develop a risk analysis tool to measure risk in its different ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: Mini-Case B GU has requested that you develop a risk analysis tool to measure risk in its differe... Mini-Case B GU has requested that you develop a risk analysis tool to measure risk in its different forms throughout the learning managementsystem project. Please provide the matrix assessment tool that will be used. In order to successfully complete this project there are resources outside your organization that are needed. Develop a Resource Development Plan for accessing and utilization of three resources (Human Capital/individual being loaned for the project, Information Technology, and Equipment). Include a schedule for these resources and how they will be used. Please address the risks involved with these resources.
This is the area im needing help with Include a schedule for these resources and how they will be used.
Explanation / Answer
Risk Analysis Tool :
Every organization , every department , every team all are working with some low , moderate , high risks. In today's fierce competition not single company can live without taking risk in market. This is part & parcel of organizations process.
But while taking a risk organizations needs to be balance Financially , Form Market point of view , from good will point of view , From Environment point of view.
For this we have various Risk analysis tools . These tools helps to measure the impact & effect on risks taken for organizations.
Following are the Risk analysis tools.
1) Root Cause Analysis :
When we are analyzing the risk this is the major tool that can help us to go to the root level. The main objective of this concept is that so many problems hide at root level. Until & Unless we will examine up to root level we will not get a clear picture. So Root Cause analysis is one of the major Risk analysis tools.
2) Risks at various Levels :
Organizations can follow this practice regularly , frequently. In this Organizations can divide their risks as
External
Internal : Again in internal they can divide into Strategic , Middle , Operational levels. By dividing the risks at such levels can help to organizations to make follow up with activity.
3) Preventive & Detective actions : Some kind of preventive & detective actions can be prepared . These preventive & detectives actions helps management to cope up with risk that is in front.
Matrix Assessment Tools :
Matrix assessment tools are used to correlate the relation of variables that are involved in risk. What mean by risk control .means Simply controlling the variables.
Human Capital :
1) Cost of Human capital
2) Availability
3) Levels of skills expected & present
4) Training required
5) To follow all the standards of the company
6) Commitment for work
Information Technology :
1) Cost of technology
2) Reliability of technology
3) Whats customers expectations of technology
4) Future scope of technology
Equipment :
1) Equipment costs
2) Equipment Life
3) Equipment Maintenance
4) Equipment Performance
Feel free to reach out if you have any doubts.
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