Dr. Rick – Quantitative Risk Assessment

Questions/Business/ManagementDr. Rick – Quantitative Risk Assessment
Resources: Risk Management Plan Outline, assigned readings
Write a paper of no more than 1,400 words, including tables and matrix, that includes the following: •Revision of project background that clarifies project scope, requirements, schedule, quality, and constraints •Updated risk identification framework •Qualified and quantified risk matrix with low, medium, and high qualitative assessments linked to quantifiable measures and risk factors, with performance of a risk assessment using a risk matrix, including: ?Calculation of project risk factors ?Risk quantified in terms of cost, schedule, and performance
•Prioritized risk register, including the following: ?Risk description ?Initial low, medium, or high risk assessment ?Risk priority in the overall risk management plan
Note. A portion of this assignment is utilized in the final project.
Format your paper consistent with APA guidelines.

Attachments
PM584_Risk_Management_Plan_Outline.doc
GradingRubricforWeek3.doc
Grammar_report.pdf

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Dr.RickA+ 969 TUTOR Posted 1706. Sold 1831. Bought 2. Solution preview:
Risk assessment is the establishment of qualitative or quantitative estimate of **** ******* ** * recognized ****** *** * ******** situation ******** ***** ******** ***** ******* ***** Quantitative **** Assessment ***** ** *** *** ** quantifiable ** ******* objective **** ** establish ***** ****** probability ** ***** *** associated **** ** ***** * *** typically identifies *** ******** ***** ***** ** ** organization ** ** * formalized specialist ****** *** calculating individual *** ******** **** ****** ***** ****** *** ******* **** regulatory **** ******** *** ** ******* ** *** ***** ****** ** * ******* ** determine ******** Dimensioning Accidental ***** **** ***** ** ******* ******* **** prevention *** mitigation strategies ******** *****

Attachments
Quantitative Risk Assessment.docx
Quantitative Risk Assessment
Name of Student
Instructor’s Name
Project Backgro***
**** assessment ** *** establishment ** *** qualitative ** quantitative ******** ** **** ******* ** * recognized ****** *** * ******** situation ******** ***** ******** * ******* ***** Quantitative **** Assessment ***** ** *** *** ** quantifiable ** ******* objective **** ** establish ***** ****** *** probability ** ***** *** associated **** ** ***** * *** typically identifies *** ******** ***** ***** ** ** organization ** ** ** ******** specialist **** calculation ****** *** calculating individual *** ******** **** ****** ***** ****** *** evaluation **** regulatory **** ******** *** ** ******* ** *** ***** ****** ** * ******* ** determine ******** Dimensioning Accidental ***** **** ***** ** ******* ******* **** prevention *** mitigation strategies ******** *****
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****** *** fundamental requirement ** *** ** ** establish * satisfactory demonstration ** acceptable **** ****** *** instance, *** ******** ** ***** significant ******* ** operations **** ** ******** motivation **** *** ******* ***** **** ** ** modification *** ******* ** *** operational ******* ****** ******** ***** *** *** ** * legislative *** ** ******** **** requirement ** ******** **** ***** *** identified *** controlled ** ** acceptable ***** (Kossiakoff *** ****** *****
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******* **** Identification Framework *****
*** ******* **** **** *** avoidance ** *** probability ****** **** ******* consequences *** *** manufacturing ***** *** *** surrounding environment ** ******** ****** * ****** ******** ** *** consequence *** probability ***** *** ******* ***** * ******** * Likelihood] * **** Assessment Framework ***** * *** **** ** Riordan’s risk-based ******** ** ******** ****** ******** ***** standards ******** *****
* **** *** organizes *** ******** information ** * *** **** **** non-technical *** technical personnel *** understand *** ***** significant ******* *** * ****** vocabulary, consistent assessment ******* *** * ***** reporting ****** ******** ** *** ***** *** *** ***** ** organization ** *** *** ******* **** *** ** *** **** *** ***** ** **** **** ***** *** ** ***** ** *** following ******** Identification ** inventory, Identification ** potential ******* *** corresponding vulnerabilities, Prioritizing potential ***** * documenting *** ***** ***** identifying ****** ******* **** ******** *****
Qualified *** Quantified **** ****** *****
* **** Assessment ****** **** ****** *** ** * ******** **** **** ** establish *** ***** **** **** ******** * **** ****** ** **** ** ****** *** **** different **** ****** resulting **** *** **** brutality categories *** **** probability categories ******** ** *** ***** ** ** * ****** instrument ** **** ******** ***** prominence *** ****** *** management ** appropriate ******** ****** Individual ******** *** ** organizations *** ****** ***** *** customized ** **** *** ** ******** **** ****** ***** *** different **** ** categorizing *** **** ******** ****** Catastrophic; Critical; Marginal; ***** ******** ** Negligible ** *** ***** ***** *** probability ** occurrence ** **** *** ** categorized ** ******* **** ******* ‘Certain’ probability, ‘Likely’, ‘Possible’, ‘Unlikely’ probability *** ****** probability ******** *****
** *** qualitative analysis, **** probability ** **** likelihood ** * **** ** * ******** ***** ******** ** ** ******* ** ******** **** * **** ** **** *** probabilities ***** *** ** precisely ******** ** **** * ***** *** **** ****** *** ** presented ** ******* ******** *****
Negligible
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Catastrophic
****** unlikelyimprobable ** ***** *** **** ***** ** ****** situations
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Quantifiable **** assessment ***** **** ******** **** performance ** * **** assessment ***** * **** ****** *** **** ****** ******** calculation ** ******* **** ******* **** ** **** quantified ** ***** ** ***** schedule, *** performance ******** *****
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**** *** ****** ****** prepared, ** ** ******** ** ******** * **** Assessment ****** ** ***** ** **** *** management categorize **** **** event’s **** ***** *** ******* ***** ****** *** Probability ****** ***** *** **** ****** ****** ******** ** *** ***** *** ******* ******** ****** *** Probability ****** multiplied ** *** ****** ** **** ****** *** ***** ** *** ******* **** ** *** ****** *** ** ******* ****** *** **** ******** according ** ***** **** *** **** ****** * ****** **** ***** ***** * ****** **** response, ******* *** monitoring ******** ******** *****
Prioritized **** ********
* **** register, ** **** ** **** ***** ****** * **** management **** (Kossiakoff *** ****** ***** ** ** ******** **** ** **** management ** ******** ** regulatory ******* **** ******** **** ** * significant ******* repository *** *** *** identified organization’s ***** ** ******** ** information **** ** ******* ******* ******** *** ******** countermeres *** treatment ****** ***** ****** ******** ** *** *****
**** description
******** ******* ** employees ******* ******* Manufacturing **** displayed * disturbing ***** *** ***** indicates ******** experienced *** ******* employees ******* employment elsewhere *** ** supervisors’ ******* ** ******** *** supervise ** ** efficient *** professional ****** (Hillson, ***** ** * ***** *** ******** ****** *** ****** *** ******* *** precision ** *** ******* ***** ******** **** ** **** * ******* *** ** *** ****** ** ******* *** experienced employees ******* *** **** *** ******* **** continues ** *** ****** ** resources (finances *** ***** ******** ** ***** ******** *** ** ******* employees ** ******** *** positions ** workforce **** *** ** dissatisfaction *** discontent **** *** **** ******** ** *** *****
**** Identification
Qualitative ******
**** ********
Brainstorming
Management
References
******* ** ***** ** ******** ** * ******* * ****** ******* **** management guidelines ******** ** **** ***** *** ***** ***
******* ** ****** Analytical ******* *** **** Management * ******* Engineering Perspective, ****** * ******* ***** ***** **** ****** ******* *** ***** **** **********
******** * ****** ******** * **** Breakdown Structure ** ******* Management,” ******* ** Facilities Management ** ** * *******Price: $30.00

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