BUISENESS MANAGEMENT
RISK MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cause
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Risk event
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Effect
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None of the above
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Detailed explanation-1: -Weather conditions With weather, road shut-downs, inevitably end up causing delays due to slow transits. As frustrating as it may be for customers when weather conditions dictate the pace of delivery, there is only so much delivery companies can do to ensure timely delivery.
Detailed explanation-2: -In terms of frequency, the top five identified causes are: delay in progress payments, difficulties in financing project by contractor/manufacturer, slowness in decision making, late procurement of materials, and delay in approving design documents, respectively.
Detailed explanation-3: -Email 1: Formal and Professional We regretfully inform you that your order ##### has been delayed. Due to a shipping strike, your order’s delivery is delayed. We apologize for any inconvenience, and we appreciate your understanding. We would like to further assist you with any questions you may have.
Detailed explanation-4: -Dear [Insert Customer Name], We are sorry for the delay in your shipment. The severe weather conditions have caused significant delays in our operations. We are doing everything possible to ensure that your order is shipped as soon as possible.