Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Project Management Expert

A leading biomedical company appoints you as a consultant to aid with the serious problem. Company had planned to complete their final acceptance testing of the new pacemaker last week, but found significant integration risk between pacemaker and instrumentation utilized to carry out diagnostic analysis on pacemaker. Cause is determined to be the lack of thorough testing due to inadequate time allocated to integration and test phase. Your job is to investigate risk and make suggestions to decrease risk. Project management wishes to maximize quality and minimize total cost.

How would you tackle these conflicting objectives? prepare dwon your suggestions to project management regarding this risk? How does this case relate to managing contingency allowance?

B. Risk protection is strategy which employs redundancy to mitigate risk. ex would be commercial airliner which has a manual override switch for autopilot functionality. Risk transfer is strategy which shifts risk to another person, group, or organization. ex would be discontinuing online help features in new software application to save development time and money. Risk is transferred to aid desk personnel and their ability to handle phone calls from customers.

o Describe how you have used or might use risk protection and risk transfer in condition.

Project Management, Management Studies

  • Category:- Project Management
  • Reference No.:- M932476

Have any Question? 


Related Questions in Project Management

What distinguishes hypotheses from laws when does a

What distinguishes hypotheses from laws? When does a hypothesis become a law? Are the following rules hypotheses or laws and why: Newton, Coulomb, Ampere, Planck, de Broglie, Bohr atom, tunneling, Fermi distribution, Bos ...

It is said that if you are not leading change you are not

It is said that if you are not leading change, you are not leading. Relate given statement to planned and unplanned change as well as to one or more approaches to change previously presented in this course. Do you agree ...

Project project plan inceptionno plagiarism and has to be

Project: Project Plan Inception NO Plagiarism AND HAS TO BE ORIGINAL WORK that has never been sold to someone else This assignment consists of two sections: a project introduction and a project plan. You must submit both ...

Use the project you have been working on in units iii and

Use the project you have been working on in Units III and VI to conduct a preliminary risk analysis of your project. Please use a qualitative and a quantitative technique to evaluate project risk. The total assignment is ...

An elastoplastic bar is clamped at the left end and

An elastoplastic bar is clamped at the left end, and variable loads are applied at the right end, as shown in the table. Plot the stress-strain curve by changing the applied forces by 5 kN increments. Assume the followin ...

Project team leadership presentationproject idea- the

Project Team Leadership Presentation Project Idea- The company you work for is going to relocate its IT department from an off site office to a new building at its corporate headquarters. Prepare a visual presentation fo ...

Project management pm assessment and project auditing

Project management (PM) assessment and project auditing provide the project management office (PMO) with both infrastructure management and technical support. The purpose of this assignment is for you to understand and s ...

Rc coleman distributes a variety of food products that are

R.C. Coleman distributes a variety of food products that are sold through grocery store and supermarket outlets. The company receives orders directly from the individual outlets, with a typical order requesting the deliv ...

Assignment -case study -safaricomread the case study

Assignment :- Case Study -Safaricom Read the case study located in the section titled Case Studies in your textbook and prepare a 3- to4-page report in a Microsoft Word document concerning the following situation: The Sa ...

Pretest your questionnaire by giving it to tree peopleask

Pretest your questionnaire by giving it to tree people. Ask for their reactions to each question, looking for potential problems in how the questions are worded and in the response formats that you used.

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro