Question

In: Operations Management

Prepare a sample risk register for a project to develop a self-driving (autonomous) automobile. Remember to...

Prepare a sample risk register for a project to develop a self-driving (autonomous) automobile. Remember to address mitigation strategies for each risk. Include 5-7 risks in your risk register.

Plot the risks identified in Question 1 utilizing a risk management cube (from the Department of Defense Risk and Opportunity Management Guide) or one of the matrices discussed during the lecture.

Explain where the responsibility for performing risk identification falls. Also, please describe the key activities associated with risk identification.

For this question, please choose one of the following options: a) create a table to explain the four risk response strategies for risk and opportunity, or b) write a narrative description of the four risk response strategies relative to risk and opportunity.

Solutions

Expert Solution

Answer:

Self Driving Automobile: This is defined as the learning of an automobile driving with himself and without the help and support of others, during learning process. Self driving automobile learning is the self learning on how to drive the automobile.

Risk Register: The risk register is the register used to register the risks identified in the given tasks. For example in the self drive automobile, the number of risks identified will be added in the risk register, so that this risks are managed and mitigation plan can be initiated for the same.

Following are the key risks in the self drive of the automobile as below:

S

Risk in Self Drive Automobile

Mitigation plan

Remarks

1

Risk of accident

The proper training to be given to the person before start of the automobile drive

2

Unable to control the automobile during learning exercise.

The driven needs to be provide proper training on how to control the automobile during the learning exercise.

3

The damage of the automobile

Avoid over acceleration or accident of the automobile, so that damage to the automobile can be avoided

4

The injury / damage to the third party

Provide proper training to the driver so that accident can be avoided and third party damages can be avoided.

5

Caught in Police verification

Keep the learning license and the other documents so that easily pass the police verification


Related Solutions

Chosen Brand: Mercedes - Benz We are going to develop autonomous cars (self-driving cars) , target...
Chosen Brand: Mercedes - Benz We are going to develop autonomous cars (self-driving cars) , target healthy elderly people, age 60 years old. In this assignment, your group is going to take the brand to the next level by developing the brand further through some strategies. Please describe target market segment of mentioned new products in Behavioral segmentation, Demographic Segmentation, Psychographic segmentation and Geographic segmentation. Appropriate use of secondary data to support arguments.
What information would you need to estimate the demand function for autonomous vehicles (self-driving / self-driving)?...
What information would you need to estimate the demand function for autonomous vehicles (self-driving / self-driving)? (You do not need to estimate the demand function, but it is expected that (1) list variables that would determine the demand for this type of vehicle, (2) explain whether demand would increase or decrease in the face of a change in each of these variables and (3) identify how you would measure those variables.
Propose an initial risk register for constructing a Recreational Park Project. The risk register should contain...
Propose an initial risk register for constructing a Recreational Park Project. The risk register should contain a minimum of 10 risks. * Use a template of your choice for risk register.
With regard to the self-driving car, and the research conducted by the Moral Machine project; provide...
With regard to the self-driving car, and the research conducted by the Moral Machine project; provide your own ranking for the following (1= most important to save; 9= least important to save).                                                                                         # Ranking Category Sparing the young Sparing the fit Inaction (doing nothing) Sparing the most (#) people Sparing the lawful Sparing humans over animals Sparing pedestrians Sparing women Sparing people of higher social status Which group did you prioritize as most important? Which group was the...
Self-Driving Cars and Insurance One thing I find interesting about risk management and insurance is that...
Self-Driving Cars and Insurance One thing I find interesting about risk management and insurance is that there are new risks popping up all the time. 3D printing, nanotechnology, cyber risks, legalized marijuana, pandemics, etc. to name a few. If you want to do the same thing for the next 30 years, don't go into risk management! According to the Insurance Institute for Highway Safety, it is anticipated that there will be 3.5 million self-driving vehicles on U.S. roads by 2025,...
In this Project, you will create a risk template, develop risk responses to effectively assess the risks associated with the ADC project.
In this Project, you will create a risk template, develop risk responses to effectively assess the risks associated with the ADC project.Individual Portion: Part 1Create a sample risk template by listing the risks that you think are appropriate for ADC.You may need to make assumptions about the project. Just be sure to document them in the description of the risk.When identifying your risks, be sure to consider the following:Project and product risksExternal and internal risksProject budget risksScheduling risksResource risksProduct quality...
Inputs to Estimate Costs include: Scope Baseline, Cost of Quality, Risk Register, OPAs Scope Baseline, Project...
Inputs to Estimate Costs include: Scope Baseline, Cost of Quality, Risk Register, OPAs Scope Baseline, Project Schedule, Risk Register, Cost Management Plan Risk Register, Cost Management Plan, Basis of Estimates, Scope Baseline Expert Judgement, Reserve Analysis, Analogous Estimating, Issue Log
Final Project: Due Week 8 (NEXT WEEK): Risk Management Plan Develop a Risk Management Plan. This...
Final Project: Due Week 8 (NEXT WEEK): Risk Management Plan Develop a Risk Management Plan. This is a document which details the risk management plan for your project. (Don't confuse this with the Risk Register or Risk Response Planning). Rubric Task Point Value (out of 100) Proper APA format, spelling, grammar, citation, and organization of writing 10 points All required sections included in the RMP 50 points Clearly understood plan, regardless of the persons background in risk or project management...
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT