Discussion: Risk Assessment
When forecasting the weather, meteorologists rely on a number of concrete predictive methods: They can collate quantitative data about the weather’s current state, for example, or they can analyze how the weather today may match up with typical weather patterns and forecasting models. While you well know that the weather can be unpredictable, weather forecasting attempts to pinpoint identifiable and measurable outcomes in uncertain situations. When attempting to forecast risk, you too will employ defined methods and processes in order to identify, assess, and measure potential risks. In this week, you will analyze a scenario and distinguish the best ways to identify risk.
With these thoughts in mind:
Consider an organization where you currently work or for which you have worked or volunteered in the past. Your company has decided that it is time for some corporate rest, relaxation, and family fun. The chief operations officer wants to conduct a corporate picnic on an upcoming Saturday at a nearby park. All family members are invited to join, including your four-legged, furry family members. There will be a baseball tournament, horseshoes, and a pool for swimming. The weather is expected to be in the high 90s. There will be beer, soda, hot dogs, and hamburgers.
Share with your fellow colleagues your ideas/methods/techniques about how you would identify the risks associated with having this event, distinguishing qualitative and quantitative risks. Use this Discussion question to assist with the development of the risk register for the Assignment this week.
When forecasting the weather, meteorologists rely on a number of concrete predictive methods: They can collate quantitative data about the weather’s current state, for example, or they can analyze how the weather today may match up with typical weather patterns and forecasting models. While you well know that the weather can be unpredictable, weather forecasting attempts to pinpoint identifiable and measurable outcomes in uncertain situations. When attempting to forecast risk, you too will employ defined methods and processes in order to identify, assess, and measure potential risks. In this week, you will analyze a scenario and distinguish the best ways to identify risk.
Consider an organization where you currently work or for which you have worked or volunteered in the past. Your company has decided that it is time for some corporate rest, relaxation, and family fun. The chief operations officer wants to conduct a corporate picnic on an upcoming Saturday at a nearby park. All family members are invited to join, including your four-legged, furry family members. There will be a baseball tournament, horseshoes, and a pool for swimming. The weather is expected to be in the high 90s. There will be beer, soda, hot dogs, and hamburgers.
Share with your fellow colleagues your ideas/methods/techniques about how you would identify the risks associated with having this event, distinguishing qualitative and quantitative risks. Use this Discussion question to assist with the development of the risk register for the Assignment this week.
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