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Risk management (KGNB_NETA002)
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In the Poisson distribution, the parameter λ represents the expected number of events in a given time interval.
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If a machine breaks down an average of 3 times per month, what is the appropriate model for the number of events?
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The Binomial distribution can be calculated in Excel with the formula BINOM.DIST(k; n; p; TRUE) if the cumulative value is desired.
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One goal of external communication is to verify compliance.
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Leading indicators measure the results of past events.
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Why is communication important after monitoring?
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Internal communication supports buy-in and the acceptance of risk management.
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Which content appears in internal communication?
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Continuous monitoring can only be performed through manual data collection.
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Why must previous risk management phases be monitored?
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