Question: A risk that has not been identified cannot be managed. There are some tools and techniques that can be used to assist in the identification

A risk that has not been identified cannot be

A risk that has not been identified cannot be managed. There are some tools and techniques that can be used to assist in the identification of risk and one of them is by using Fishbone diagram or Ishikawa diagram. Your project is facing a risk of resources and materials not coming in on time. Use the fishbone diagram to trace problems back to their root causes by tracking down the specific causes. (20m)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

QUESTIONS: 1- a) Outline the various tools and techniques used in the risk identification process for your project. b) Discuss the tools and techniques used in the risk identification process, and...

Q1.what are the techniques and tools used for risk assessment? The word "risk assessment" refers to the total process or approach by which you: Q2.what are the tools and techniques used to identify...

What would be a proper response to the below discussions posts? 1. Hey Class, Project managers are responsible for planning, executing, and overseeing projects, ensuring they are completed on time...

You are a project manager working in the mortgage banking industry. Your manager informed you that government agency auditors are coming to the headquarters to perform an audit. The emphasis will be...

Instructions: Outline of what it might include: 1. Introduction: Provide a brief overview of the project and its goals and the importance of risk management in ensuring project success. 2. Risk...

1. Introduction: Provide a brief overview of the project and its goals and the importance of risk management in ensuring project success. 2. Risk Identification: Describe the process used to identify...

15 Chapter A4148 23218 6/9/01 7:17 AM Page 417 15Controlling Objectives After reading this chapter, you will be able to: 1. 2. 3. 4. Understand the importance of good project control to keeping...

Write an assignment in a report format with 9 peer - reviewed academic journal articles referencing in APA7 style. The instructions for the assignment is provided below: You are a project manager for...

The Project Management Book of Knowledge PMBoK Guide describes a PMIS as "An information system consisting of the tools and techniques used to gather, integrate, and disseminate the outputs of...

Bently Poster Company pays income taxes on net income at the rate of 32 percent. The company pays a bonus to its officers of 8 percent of net income after taxes and pays dividends to its shareholders...

For each of the sinking funds, calculate (rounded to the nearest dollar): a. The size of the periodic sinking fund payment. b. The balance in the sinking fund at the time indicated in the last...

The formula for target units is: Multiple Choice 0 2 . 1 8 . 4 6 ( Total Fixed Costs Target Profit ) Contribution Margin Ratio. ( Total Variable Costs Total Fixed Costs ) Contribution Margin Ratio. (...

Hugo decides to buy his Christmas gifts on Black Friday. To simplify his life, he is giving his 10 closest friends scarves for Christmas and everyone else Christmas cards. Hugo is willing to pay up...