Relationship Between Risk Factors and Competence Factors Essay

Open, View, and/or
Download this Document

Total Length: 346 words ( 1 double-spaced pages)

Total Sources: 0

WEEK 11 ASSIGNMENTWeek 11 AssignmentWhen Risk Outweighs CapabilityIn a Highly Reliability Organization (HRO), when risk outweighs capability, imbalances may occur owing to unbalanced scales that result to system failure. In essence, when an organization lacks sufficient capability to alleviate the threats they face, then imbalances are created leading to adverse consequences. For instance, HRO may face political, social, safety, and financial consequences. In addition to the said consequences, an organization may also face other consequences related to changes in public demand. The potential cost of the said changes in demand may be adverse.Relationship between Expectation and ConsequencesExpectations and Consequences are some of the interacting forces that determine a system’s reliability. The said factors happens to be a strong motivating factors in situations where the behavior of the operating environment is shaped by external political influence. Therefore, there exists a relationship between expectations and consequences given that not all expectations are equal. For this reason, a fall in a system’s expectations leads to increased weight of expectations. As a result, the consequence of not meeting the said expectations also increases owing to additional costs and delays.

Stuck Writing Your "Relationship Between Risk Factors and Competence Factors" Essay?

View All Our Example Relationship Between Risk Factors and Competence Factors Essay

Have A Custom Example Essay Written

Relationship between Resources and ExpectationsIt is important to note that an organization would only be able to meet its goals and objectives if it has adequate resources. Therefore, if an organization had its budget cut by 50%, the said organization has to emphasize on efficiency so as to ensure reliability. In such a situation, it would be prudent for managers in such organizations to adapt diverse operational aspects in order to maintain an equilibrium of systems.Relationship between Risk factors and Competence FactorsRisk factors are largely affected by competence factors. A case in point is when NASA organization faced the Challenger disaster. NASA was unable to realize the benefit of experiences owing to persistent atrophy of competence. To correct such situations - where competence factors are adversely affected by risk factors – there would be need to outsource so as to reduce costs. On this front, operational costs can be reduced and time constraints minimized......

     Open the full completed essay and source list


OR

     Order a one-of-a-kind custom essay on this topic


sample essay writing service

Cite This Resource:

Latest APA Format (6th edition)

Copy Reference
"Relationship Between Risk Factors And Competence Factors" (2022, July 08) Retrieved May 22, 2025, from
https://www.aceyourpaper.com/essays/relationship-risk-factors-competence-2179448

Latest MLA Format (8th edition)

Copy Reference
"Relationship Between Risk Factors And Competence Factors" 08 July 2022. Web.22 May. 2025. <
https://www.aceyourpaper.com/essays/relationship-risk-factors-competence-2179448>

Latest Chicago Format (16th edition)

Copy Reference
"Relationship Between Risk Factors And Competence Factors", 08 July 2022, Accessed.22 May. 2025,
https://www.aceyourpaper.com/essays/relationship-risk-factors-competence-2179448
   

Open, View, and/or
Download this Document
order custom essay example