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Risk management - part 4

Prof. Ruppert 5 questions

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Questions in this quiz (5)

  1. 1Risk diversification is an important strategy to handle risks: Can you fill in the right terms?Image for question 1
    1. Ashift
    2. Bavoid
    3. Cendure
    4. Dreduce
    5. Eendure
    6. Favoid
    7. Gshift
    8. Hreduce
    9. Icompetitive
    10. Jcompensation
    11. Kcooperative
    12. Linternal
    13. Minsurance
    14. Ninacceptable
    15. Oenhance
    16. Pendure
    17. Qextrapolate
    18. Rreinforcements
    19. Srecalls
    20. Treserves
  2. 2We divide risk measurement into "quantitative" and "qualitative" methods. Can you fill in the right terms?Image for question 2
    1. Aminimum loss
    2. Bmaximum loss
    3. Cvariation of loss
    4. Dvalue at risk
    5. Eestimation
    6. Fquick and dirty
    7. Gscoring model
  3. 3FMEA is a risk management method in the product development process. Can you define it?
    1. AFMEA := Falsification Method in Engineering Analytics
    2. BFMEA := Failure Method in Engineering Analysis
    3. CFMEA := Failure Mode and Effect Analysis
    4. DFMEA := Failure Method and Effect Analytics
  4. 4Within the FMEA method, the calculation and evaluation of the RPN (Risk Priority Number) is crucial. Are you able to check if the following statements are true (or false)?
    1. ARPN helps the responsible risk management team to prioritize risks.
    2. BRPN is calculated by multiplying Severity (S), Occurrence (O), and Detection (D).
    3. CSeverity (S): A high severity ranking indicates severe risk.
    4. DOccurrence (O): A low occurrence rank reflects high failure occurrence potential.
    5. EDetection (D): A high detection rank reflects high detection capability.
    6. FDetection (D): A high detection rank reflects low detection capability.
    7. GOccurrence (O): A high occurrence rank reflects high failure occurrence potential.
    8. HSeverity (S): A low severity ranking indicates severe risk.
    9. IThe maximum value of RPN is 10x10x10 = 1000.
  5. 5Let's bring risk management to the context of strategical procurement. Can you fill in the missing text?Image for question 5
    1. Acomplexity
    2. Bglobalization
    3. Cvolume
    4. Dpolitics & laws

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Quiz on Risk management - part 4, created by Prof. Ruppert on 13/04/2020.
Language
Deutsch
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