UIC Quantitative Risk Management I & W Risk Analytical Review

Question Description

For this assignment, you are requested to quantitatively assess one of your three risks identified in the last assignment for the further assessment using the Indicators and Warning (I & W) analysis technique. (I attached the last assignment for you, you can focus on substitutes threat to make the analysis. You should represent the fictitious company “WowMaker Coffee machine Company”).

You are requested to prepare a 2-page summary of how you quantitatively assessed the risk using the I & W analysis technique.

You don’t need to perform a detailed quantitative risk assessment? but need to demonstrate critical thinking skills in using quantitative analytics methods and techniques to identify and assess competitive risks.

And summarize what steps you would take, or have hypothetically taken, to determine quantitatively, the potential impact and probability of the risk.

Thanks for your help!

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