Question

Quantitative and Qualitative Risk Assessments

What’s the recommendation by the risk assessment team?
What are the final decisions made by HGA management? Justify their decisions based on cost benefit analysis.

PLEASE MAKE COPY PASTE AVAILABLE

MUST BE 250 WORDS

Answer 1

Answer :

Risk assessment team identifies and analyze the risk that your businesss or organization may face.It allow to face and identify the problem in your organization and determine the action to close thode gaps. It is a management tool that ensuring the health and safety of workers . Risk assessment is a process to identifies hazardous and major problem and evaluate any risk in a workplaces , then implementation accurate control measures to remove that risk.

when we face any risk assessment then we have to keep some point in mind ;

We should have to identify safety and healthy hazards and evaluate the risk presented at the workplace or any organisation.
We should have to evaluate attractive and suitable exciting control measures.
It has five step for completing a risk assessment. some points are given below that ensure that risk assessment is suitable.

It identify the potential risk
It identify who might be harmed by those risk.
It evaluating risk and establising some precautions.
It implement control and record your finding.
It reviewing your assessment and re-assessing if important.
What are the final decisions made by HGA management?

HGA team management decision is based on the perspective or goal of the organisation , business and any firm. The decision are taken at different levels of administration. In HGA decision manages we have to discuss two different types of decision :

We have to know the goals of the organisation and firm. and the available resources and allocation of the resources to different different department is decided by the management and implement by the available budget. Each department have certain amount of budget. management gives the limit of time , computation ability and information.
The HGA team decision are responisble for any type of controlling and overseeing problem of the organization . It develops strategic goals , plans and direction for the organization. It define a significant role to the organization .

NOTE : PLEASE GIVE ME UP VOTE. THANK YOU.