(Solved Homework): Quantifying risk requires us to examine both impact and probability of occurrence. • Provide a…

Quantifying risk requires us to examine both impact and probability of occurrence. • Provide a scenario of a one week vacation to a place where you would like to go. • Then complete a risk assessment for the trip. • Then quantify each risk in terms of probability and impact. • Share with you colleagues. Team evaluate and comment on the work of at least two of your colleagues efforts.

Expert Answer

We had been planning for this location from a long time and always wanted to go to niagara Falls. As we get a chance and a holiday of 7 days we are planning to go to the same place.
We will take a flight from new York City airport to the buffalo airport then we will be taking a taxi to our hotel in Buffalo. We have planned 5 days for visiting different places nearby to the Niagara Falls as well as visiting Niagara falls on the very initial days of our trip. For the first 2 days we will be visiting Niagara Falls and afterwards you will go out shopping as well as roaming around in the City. We are a group of 6 people when we would require a rental car to roam around which would help us in moving freely inside the city.

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As we are going to a new city there are completely new Threads available for us as we are unknown to the city.
We have created a risk assessment plan which is as follows.

Transportation and travel

While transporting ourselves to buffalo we have to look for the risk of theft as well as getting attacked on Airport or on any public transport. There is also a risk of road traffic accident while self driving the car or being in a taxi. Carjacking or roadblock are also a risk. Unknown roads and getting lost in the destination City can also be a very much problematic and risky for us. By not having an emergency response plan we can run into a trouble

Location factors devaki Nandana

Crime related race such as robbery or physical assault. Kidnap and ransom is also a risk in an unknown City. Terrorist attacks awesome bomb attack could happen in a different city has we have to carry a emergency response plan. Poor communication can also lead you in a trouble as the people can understand a totally different perspective on what you talking about.

Health related issues

As you are going to a new city hence the changing environment Kundli due to a bad health. Natural disasters can also be very very risky and can come without a prior notice at any location. Different type of new insects as well as poor hygiene is a very big risk in travelling to Niagara Falls as it is prone tui tourist from around the globe.

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