What are the consequences (positive and negative) of the risks? Are the potential consequences worth the risks?
What are the consequences (positive and negative) of the risks?
--Improve customer service and increase customer loyalty, by dealing with customer complaints quickly and efficiently: Positive consequences are that they will increase customer base and increase sales and profit. There are no negative consequences associated with this alternative.
.--Outsourcing: Some negative consequences are that the standards and specifications of the new system might not be met. Requirements might not be correctly defined and TeraTech might fail on its part to exercise control and coordination sufficiently to make the product successful. Despite TeraTech's efforts, the work done might still not meet requirements. The effort ...
This is a list of 6 alternatives, their consequences and risks as it relates to the TeraTech scenario. This solution also answers the question "Are the potential consequences worth the risks? (Process)"