A risk matrix, also called frequency-severity table is used to analyse risks.a. Describe how this matrix is utilised in the analysis of risks.
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A risk matrix, also called frequency-severity table is used to analyse risks.
a. Describe how this matrix is utilised in the analysis of risks.
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- What type of risk does sensitivity analysis address?1.Do a risk qualitative assessment by using a Venn-diagram indicating the likelihood %, category, frequency, severity and RHC score for climate, pest infestations, soil erosion, market volatility and supply chain risk identified. 2.From the Venn-diagram plot the risks on a Risk Heat Map/Chart.Risk management: what does that term mean? Describe the procedure for handling risks by referring to the image.
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- What is the first step in CPFR?Chart and Regression analysis : What does the intercept predict? X: C16 (number of cars on the sales lot) versus Y: C17 (cars sold per day) Equation: y=2.9x + 14.5 Slope:2.9 Intercept:14.5 Does the intercept mean the intercept is 14.5 means that the cars sold per day( Y) predicted number of cars on sale lot(X) to be 14.5, but this intercept has no meaning. So, I will not use to predict cars sold per day?Which of the following is not one of the criteria for ranking hazards by risk?  A) severity  B) probability  C) cost  D) exposure 
- CASE STUDY You have been assigned the task of making a preliminary recommendation for the material to be used in the bumper of a new ultra-safe crash-resistant automobile. It is particularly important that the bumper be able to survive the energy levels associated with low-velocity crashes, without damage to the bumper of the automobile. Even more important, for high energy levels associated with severe crashes, the bumper should be capable of deforming plastically over large displacements without rupture, thereby dissipating crash pulse energy to protect the vehicle occupants. It is anticipated that these new vehicles will be used throughout North America, and during all seasons of the year. A 10-year design life is desired. Cost is also an especially important factor. Propose one or a few candidate materials suitable for this application. (Specific alloys need not be designated).Risk Management Plan Prepared for JPMorgan Chase Bank Use a Cause and Criteria Diagram Create a Plan of Action and Milestones (POAM)Scenarios for Risk Management in Capex Decisions