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3.You are the project manager of a software development company. Your company receives supplies of chips...

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Operations Management

3.You are the project manager of a software developmentcompany. Your company receives supplies of chips from a foreignsupplier. Their sales manager has approached you to inform you thatif you can increase your order by 30%, the shipment will be freefor your organization. This however will bring additional cost of$100 on your current budget that is $5000 p.a. What type of Risk isthis? Identify at least three things you can do in response givenconsideration to best practices?

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Risk is defined as a possibility of something adverse happening It has an element of uncertainty that may result in an undesirable outcome For example a factory getting damaged by fire political uncertainties leading to business    See Answer
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