Failure of Comet Essay

In the commencement exercise part of this report, the writers focused on the offset to undertake encounter commission, which including chance identification, compend of probability and consequences, risk mitigation outline and final examly control and document. Subsequently, the writers did the analysis and scheme on how can risk concern be helpful if De Havilland Company underas wellk risk management during the process of Comet project. While in the second part, the writers discussed different types of risk that tie in to the Comet project, such as, technical risk, financial risk, commercial-grade risk and human resource risk. The some lively risk was technical risk because it may confirm lead to numerous businesss, such as, damage of image, financial passage and unsalable ingathering. Regarding the third part, the writers concluded the critical errors of the federation made in the Comet project. In our opinion, one critical error was too big distinction of compan y survey in a limited time.The enquiry and development of high technology product itself implied huge risk and un originalty that concord to be handled within a certain period of time, let alone fulfil the extra new design elements in a short period. Another problem was their slow reaction of accident. They were over dependant on the opinion of designer, but in fact, the subjective judgment of designers didnt lead the company to get out of the trouble. In the final part, the writers reviewed the statement Fail is the price we gift for technological advancementand noticed that although risk management may help organizations face those risks and sheer their loss, risk cannot be total avoided in general. Without failures, our society may not be so developed. How risk management could have aided in Comet project As we know,