State why a 'What if' analysis may not be appropriate for a risk analysis.(b) Complete the following...

Question

State why a 'What if' analysis may not be appropriate for a risk analysis.
(b) Complete the following steps in a 'what if' analysis for the introduction of a 'just in time'* form of production materials supply to a car production unit.
• Explanation of the Activity • Area of interest • Sub-systems.
(* `Just in time' is a method of ordering and delivery of stock parts employed by a company, where the company has delivered on a regular, often daily, basis only enough parts for a short period of production. Thus capital that would otherwise be tied up in large stockpiles of production materials is released and cost of storage is avoided.)
(c) Complete TABLE 2 by the generation of:
• 'What if' questions • and solutions to potential problems.
Teesside University Open Learning (Engineering
(0 Teesside University 2011

005_aqufa5o-ekt5lfuj.pdf

Robert · Accepted Answer

Answer 2. (a) 
 What if analysis method is used for the structured brainstorming method of determining 
what would be expected to be wrong and judging the upcoming resultant and consequences of 
that situation rose. While in risk analysis of the project, it is important to get the exact figure of 
the project for future forecasting, from the what – if analysis it could be possible of error while 
the forecasting that’s why the what if analysis is not used in the risk analysis.
Answer 2. (b)  
Explanation of the Activity:  
 Just in time is used for reducing the wastage during the inventory life cycle.

State why a 'What if' analysis may not be appropriate for a risk analysis. (b) Complete the following steps in a 'what if' analysis for the introduction of a 'just in time'* form of production...

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