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Every project has risk of some sort. For the project manager, it is not possible to eliminate all risk, but it is beneficial to reduce risk as much as possible. Thus, risk analysis is required to identify the major risks to the project, to understand the threats that are posed and prioritize the risks. At that point, the project manager is in a better position to take steps to reduce or eliminate the most important risks. This process is necessary because focusing on minor risks will make the project inefficient, but ignoring major ones could represent an existential threat to the project. Thus, risk analysis helps to strike a balance between ensuring that the project goes through without any major issues, but still comes in on time and on budget.
Process used to Uncover and Prioritize isks
There are a number of processes that a risk analyst can utilize…
Shuster, S. (2014). Fortress Sochi: Russia's security plan risks killing the Olympic spirit. Time Magazine. Retrieved April 3, 2014 from http://world.time.com/2014/01/07/fortress-sochi-russias-security-plan-risks-the-killing-olympic-spirit/
Hsu, W., Tseng, C., Chiang, W. & Chen, C. (2012). Risk and uncertainty analysis in the planning stages of a risk decision-making process. Natural Disasters. Vol. 61 (3) 1355-1365.
Winkelvos, T., Rudolph, C. & Repp, J. (2011). A property-based security risk analysis through weighted simulation. Fraunhofer Institute for Secure Information Technology. Retrieved April 3, 2014 from http://icsa.cs.up.ac.za/issa/2011/Proceedings/Full/55_Paper.pdf
isk Analysis Financial Markets Main Techniques isk Analysis
isk analysis in the financial markets
This essay mainly intends to outline and explain the objective of risk analysis in the financial market and the main techniques used in risk analysis. In a bid to answer this question the study will first of all include a summation of the types of risks that are found in the financial markets. The financial market here has been classified into three groups that are; the stock market where company stock and shares are traded, the bond market where the Australian government usually sell its' treasury bills and bonds and lastly the international financial market.
Different risk analysis technique will spelt out in the two markets and then the objectives of risk analysis will then be mentioned before the essay concludes.
Types of risk in the financial markets
In his studies Jensen (2009) noted that there…
Bollerslev, T., Engle, R.F. And Wooldbridge, J. 2008, "A Capital Asset Pricing Model with Time-Varying Covariances" Journal of Political Economy, 96, 116-31
Friedman B.M. And Hahn F.H. 2007, "Handbook of Monetary Economics, North Holland pp 45-98
Jensen, M.C. 2009, "Risk, the pricing of capital assets and the evaluation of investments portfolios" Journal of Business, pp, 62, 162-247
Lintner, J. 2005 "The Valuation of Risk Assets and the Selection of Risky Investments in Stock
Risk analysis? Why are these features important components of the Excel analysis process? If so, explain how, If not, explain why.
Base-case analysis is very much an art of Excel since the accountant / mathematician usually starts off with a "base case" set of assumptions and inputs. These are the accountant's best estimates, and he would use these to produce a set of expected results.
cenario testing, for instance, often involves these base-cases analyses.
In scenario testing, the mathematician sets up alternative situations, such as the ones formulated in the Table below ('inflation rate', 'earning rate', and 'salary growth'). Each situation consists of a base-case analysis of assumption and input and the whole model is then run through the Excel system.
Base case analysis is essential for business planning and risk management since one has to know one's base-case situation before structuring plans for one's business.
Bright hub PM Using Excel to Make a Risk Assessment Template http://www.brighthubpm.com/risk-management/88381-using-excel-to-make-a-risk-assessment-template/
Office. Introduction to what-if analysis http://office.microsoft.com/en-us/excel-help/introduction-to-what-if-analysis-HA010243164.aspx
isk analysis is a process by which the different risks that an organization faces are identified and evaluated. There are many different types of risk, and they can be systematic or unsystematic in nature. There is credit risk, foreign currency exchange risk, interest rate risk, economic risk, country risk, political risk, technological risk, market risk and legal risk (Investopedia, 2016). Within each of these categories, there are specific itemized risks that will need to be evaluated. As example, health care providers face "legal risk," but there are many categories of this including malpractice risk, human resources legal risk and risk associated with legal rights.
This paper will examine the different risks that are faced by Starbucks. There are a number of risks that are apparent immediately from the aforementioned categories. Foreign exchange risk is obviously one of them. There are market risks, such as consumer tastes, or new competitors. There…
Davis, A. (2014). Building a climate resistant coffee economy for Ethiopia. Kew Gardens. Retrieved April 18, 2016 from http://www.kew.org/discover/blogs/kew-science/building-climate-resilient-coffee-economy-ethiopia
Investopedia (2016). Inherent risk. Investopedia. Retrieved April 18, 2016 from http://www.investopedia.com /terms/i/inherent-risk.asp
Investopedia (2016). Risk and diversification: Different types of risk. Investopedia. Retrieved April 17, 2016 from
How does a clinical trial contribute to risk analysis?
In the UK, clinical Trials Toolkit offers realistic advice to researchers in structuring and carrying out publicly funded trials via the utilization of an interactive route map. The Toolkit is majorly centered on CTIMPs (Clinical Trials of Investigational Medicinal Products) and the regulatory needs and environment related with these. However, &D and researchers working in other fields shall also get significant data and guidance of relevance to the broader trials settings. isk evaluation and mitigation entails application of statistical methods to choose significant factors having high research predicative values or sites which might be prone to noncompliance. It is claimed that prospectively arranged data-motivated and model-founded advances could assist optimize resources usage with maximal impact. Although the modeling exercise initiates objectivity in the hunt for significant risk factors, it should not by itself be seen as the only determinant…
Chappell, P., Knirsch, C., Alvir, J., & Alemayehu, D. (2012, April 1). Risk Assessment and Mitigation. Retrieved January 15, 2016, from http://www.appliedclinicaltrialsonline.com/risk-assessment-and-mitigation
Pang, T., & Guindon, G. E. (2004). Globalization and risks to health. EMBO reports, 5(1S), S11
Shangquan, G. (2000). Economic globalization: trends, risks and risk prevention. Economic & Social Affairs, CDP Backround Paper, (1).
It isk Analysis
isk is a constant in everyday life. It is part of life, where there are no guarantees. As humans, we have developed or reasoning skills enough to figure out that minimizing risk allows us to live a better life and provide some level of comfort and safety. No one or nothing is 100% safe and so risk analysis is necessary to provide this assistance to inform, protect and guide people and organizations into performing wise and prudent action.
The purpose of this essay is to explain the benefits of performing a risk analysis using information technology to secure data within an organization. This essay will discuss the objective and goal of this analysis as well as suggest ways to discuss these issues with the target audience. This essay will also list the steps necessary for performing a risk analysis and the types of securities that will be…
Causey, B. (2013). How To Conduct An Effective IT Security Risk Assessment. Dark Reading, 22 Jan 2013. Retrieved from http://www.darkreading.com/management/how-to-conduct-an-effective-it-security/240146681
Violino, B. (2010), IT Risk Assessment Frameworks: Real World Experience. CSO Online, 3 May 2010. Retrieved from http://www.csoonline.com/article/592525/it-risk-assessment-frameworks-real-world-experience
Vose, D. (2008). Risk Analysis: A quantitative guide. (3rd ed.). West Sussex, England: John Wiley & Sons, Ltd.
he book is written on risk analysis using quantitative methodologies. he book has two parts and chapters are divided into these two parts. he first part is intended to help managers realize the rationale for conducting risk analysiswhereas the second part explains the modeling techniques of risk analysis. First part describes in detail the rationale for risk analysis, how to assess quality of risk analysis, and how to understand and use risks analysis results. Part two is based on use of statistical and mathematical processes to build risk analysis models. Correlation, dependencies, optimization in risk analysis, and checking as well as validating risk analysis model are the main important themes discussed in part two. he book adequately describes the risk analysis models and how best to use them, both in perspective of…
The article is aimed at discussing potential impact of sections of Sarbanes-Oxley Act of 2002 (SOX) that relate to information technology management by organizations. Section 404 has been specifically discussed that outlines the internal control assessments required of the firms. Securities and Exchange Commission (SEC) also requires publicly traded companies to comply with Treadway Commission's Committee of Sponsoring Organizations (COSO). The case of Motorola IT governance model is taken to demonstrate how compliance with SOX can be ensured for data and IT security by organizations. The article observes that SEC fails to provide specific guidance on IT security; rather it leaves room for interpretation by firms. There is brief mentioning of SOX acts that outline compliance related issues such as Sections 302, 404, 409, and 802 of SOX 2002. The article concludes with an observation that firms with least effective IT security made decisions related to IT governance at the level of business unit managers. Most effective firms in terms of IT governance made IT decisions by engaging three main stakeholders i.e. top management, business unit managers, and IT specialists.
Capelli, D., Moore, A. & Trzeciak, R. (2012).The CERT Guide to Insider Threats. Upper Saddle River, New Jersey: Pearson Education, Inc.
The book is written on the subject of 'insider attacks' related to abuse of information security in an organization. The book identifies and explains potential information technology (IT) system's vulnerability from insider sources of an organization such as employees,
Political, Legal, Economic isk Analysis
Spain is the eighth biggest industrialized economy in the Organization for Economic Cooperation and Development -- OECD and the fifth biggest nation within the EU as regards population, output and production. Spain has undergone a remarkable change since the last thirty years. Progressing from a somewhat a poor agrarian economy, it has witnessed speedy economic progress and is presently a modern, fully industrialized nation. Since the past decade sincere efforts by successive governments have pushed economic reforms placing the Spanish economy on a robust structural standing with the result that since the last five years the Spanish economy has come to be amongst the front ranking European economies. The International Monetary Fund in its preliminary Conclusions on the 2001 Article IV Consultation has ranked Spain as the most dynamic economy of Europe. (Doing Business in Spain: An Introductory guide to the market)
Turkey on the…
Doing Business in Spain: An Introductory guide to the market. 2003. Retrieved from http://www.dfat.gov.au/publications/business_spain/doing_business_spain.pdf
Accessed 27 October, 2005
Doing Business in Spain: Types of Corporations. Retrieved from http://incorporate-in-delaware.ukincorp.co.uk/s-H1-spanish-company-formation-incorporation.html Accessed 27 October, 2005
Spain: Economic Policy Analysis. The McKeever Institute of Economic Policy Analysis.
Security and isk Analysis
The job of an information security officer is not confined simply to the realm of digital data protection, as the rigorous demands of modern global commerce require an information security plan which is specifically designed to prioritize a firm's operational functionality. While constructing control mechanisms that entirely eliminate systemic risks may be an information security officer's notion of time well spent, managers and executives expect their firm's information security policies to enhance productivity rather than impose restrictive barriers to doing business. One of the most important aspects of risk management and data protection is the concept of risk analysis, which is the process of assessing "the business risks of an application, system, or other asset to determine the most prudent method of operation" (Peltier, Peltier and Blackley, 2005). The vast majority of risk management experts within the information security field share the fundamental belief that "by…
Layton, T.P. (2007). Information security: Design, implementation, measurement, and compliance. (6 ed.). New York, NY: CRC Press.
Peltier, T.R., Peltier, J., & Blackley, J.A. (2005). Information security fundamentals. New York, NY: CRC Press.
It is approximated to consume $2,000 and to require two weeks for completion.
- the development and implementation stage would require minimum resource consumption as it is constructed on the resources previously invested.
- Finally, the control and evaluation stage would require an estimated week and would consume an approximate $1,000. The main risk at this stage is that of not observing the mistakes or not learning from them.
A Work Breakdown structure would be presented as follows:
The risk mitigation strategy is constructed based on the previously identified risks, in a means that the following recommendations address the risks:
1. It is necessary that the team organizing and managing the event be formed from professional planners who are skilled, experienced and objective and who will as such clearly identify the project needs, as well as assign the tasks, distribute responsibility and efficiently manage the resources.
2. It is of…
Gray, C.F., Larson, E.W., 2002, Project Management: The Managerial Process, 2nd Edition, McGraw-Hill / Irwin, ISBN 0072833483
Estimating Project Times and Costs, San Jose State University, http://www.cob.sjsu.edu/bentley_d/Fall%2007/Bus%20286%20Lecture%20Material/Ch%2005%20Estimating%20Time%20&%20Costs.ppt last accessed on May 12, 2010
Project Life Cycle -- Project Cycle Management, Visitask, http://www.visitask.com/project-life-cycle.asp last accessed on May 12, 2010
Environmental isk Analysis Process
Environmental isk Analysis (EA) is "a process for estimating the likelihood or probability of an adverse outcome or event due to pressures or changes in environmental conditions resulting from human activities" (Ministry of Environment, Land, and Parks, 2000). EA should be a scientific process, when that is possible. "In general terms, risk depends on the following factors: How much of a chemical is present in an environmental medium (e.g., soil, water, air), how much contact (exposure) a person or ecological receptor has with the contaminated environmental medium, and the inherent toxicity of the chemical" (United States Environmental Protection Agency, 2012). All of these factors help the assessor determine the "potential adverse effects that human activities have on the living organisms that make up ecosystems. The risk assessment process provides a way to develop, organize and present scientific information so that it is relevant to environmental decisions"…
Alaska Department of Environmental Conservation. (2009, June). Ecological risk assessments.
Retrieved January 7, 2013 from Department of Environmental Conservation website: http://dec.alaska.gov/spar/csp/guidance/eco_risk.pdf
Ministry of Environment, Land, and Parks. (2000, July). Environmental risk assessment (ERA):
An approach for assessing and reporting environmental conditions. Retrieved January 7,
Hotel isk Analysis:
The reduction of various kinds of physical and liability risks associated with the hotel business is one of the most significant aspects of managing and operating a hotel. This process of risk management requires risk analysis, which is the process of examining the hotel's risk exposure and developing appropriate strategies for lessening and preventing those risks. This risk management and analysis process also involves developing a program for minimizing the business' exposure to risks through supplementing insurance protection in case the incident takes place. A hotel manager would enhance the effectiveness and profitability of the business by eliminating every possibility of incidents occurring on the property. However, this is not always possible since the hotel manager does not have control over certain incidents (ushmore, 2010, p.18). This paper discusses the appropriate insurance for a hotel through examining importance of property insurance, difference between independent agency and exclusive…
Hoyt, R.E., Dumm, R.E. & Carson, J.M. (2006, May). An Examination of the Role of Insurance Producers and Compensation in the Insurance Industry. Retrieved March 2, 2013, from http://www.aiia.org/flat/contigencyreport.doc
Rushmore, S. (2010, March). Managing Risks Part of Managing Hotels. Retrieved March, 2, 2013, from http://www.hvs.com/Content/2989.pdf
"Types of Reinsurance and Reinsurance Program Design." (n.d.). Chapter 2. Retrieved March 2, 2013, from http://www.aicpcu.org/comet/programs/are/assets/docs/ARe144.pdf
Telecommunications & Network Security, Application Security and Operations Security
The ubiquity of smartphone technology within the world modern business has necessitated a greater emphasis on the use of telecommunications and network security within the pursuit of information security on an organizational level. Corporations and other complex institutions require a tremendous amount of data transmission -- in the form of standard telephone calls, text messages, and downloaded data -- which is facilitated by the construction of multilayered networks combining local area, wide area, and remote access networking capability. Networks of all size, scope, and purpose are dependent on fundamental tenets of security architecture and design, properties which are typically derived after the completion of a Network Security Architecture Evaluation based on multiple telecommunications methodologies (Layton, 2007). This evaluation process invariably leads information security officers to utilize the adaptable virtual private network (VPN), which is defined as "a secure private network that…
Layton, T.P. (2007). Information security: Design, implementation, measurement, and compliance. (6 ed.). New York, NY: CRC Press.
Peltier, T.R., Peltier, J., & Blackley, J.A. (2005). Information security fundamentals. New York, NY: CRC Press.
isk and Insurance Management
isk is believed to be a newly coined word of assurance (for example, Ewald, 1991: 198). One of the broadly shared suppositions regarding insurance is that it spins around an instrumental concept of risk. Possibility and the amount of influence make up a technical concept of hazard/risk and hazard administration is chiefly worried about reviewing these possibilities and influences (for an overview see Gratt, 1987). For instance, external profits of financial or political occurrences lay down thresholds for the availability of associated risk guesstimates or reckonings (Huber, 2002).
So, the range of the risk groups cannot be clarified by risk judgment single-handedly; peripheral circumstances that could be political, financial or inclusive of image, arts and manners, are also required to be taken into account. Therefore, if risks are not be present, per se, but are deliberately selected, we can go a step ahead and presume them…
Douglas, M. And Wildavsky, A. (1982) Risk and Culture. An Essay on the Selection of Technical and Environmental Dangers. Berkeley: University of California Press.
Evers, A. And Nowotny, H. (1987) Uber den Umgang mit Unsicherheit. Die Entdeckung der Gestaltbarkeit von Gesellschaft. Frankfurt / Main: Suhrkamp.
Ewald, F. (1991) 'Insurance and Risk' in Burchell, G., Gordon, C. And Miller, P. (eds.) The Foucault Effect: studies in governmentality . London: Harvester Wheatsheaf.
Gratt, L.B. (1987) 'Risk Analysis or Risk Assessment: a proposal for consistent definitions' in Covello, V. And Lave, L. (eds.) Uncertainty in Risk Assessment, Risk Management and Decision Making, Advances in Risk Analysis (4). New York: Plenum Press.
Part of the overall calculation of uncertainty according to iskMetrics recommendations, however, should include a calculation of correlative uncertainty (Finger 2007). The rationale for including this specific uncertainty in calculations is that it helps to account for inaccuracies and inadequacies in the model, determining the level of risk associated with incorrectly defined or changing correlations used by the model in other calculations and definitions (Finger 2007). An accurate calculation of uncertainty and risk will necessarily include a calculation of the correlative uncertainties attendant upon the model and the situation to which it is applied, providing not a necessarily more accurate view of direct risk, but a useful evaluation of the risk prediction's efficacy.
iskMetrics Calculations: Exposure and Uncertainty
An accurate and well-developed combined understanding of the exposure and uncertainty of a various investment venture or portfolio contributes a nearly complete understanding and assessment of the risks presented by that investment…
Andren, N.; Jankensgard, H. & Oxelheim, L. (2005). "Exposure-Based Cash-Flow-At-Risk under Macroeconomic Uncertainty." Journal of applied corporate finance 17(3), pp. 21-31.
Argentin, P. (2010). "Two-sided counterparty risk." RiskMetrics Group: On the Whiteboard. Accessed 24 September 2010. http://www.riskmetrics.com/on_the_whiteboard/20100615
Finger, C. (2007). "We identify two main versions of correlation risk -- parameter uncertainty and new financial products -- and examine the modeling challenges implied by each." RiskMetrics Group: Research Monthly. Accessed 24 September 2010. http://www.riskmetrics.com/publications/research_monthly/20070400
Risk Sales Forecast
Budgeting, Sales Forecasts, and Ethical Consideration
Sales forecasts and the budget preparation process in general, serves as a cornerstone for effective operations management. hen this practice is performed with strict adherence to good business ethics it is one of the key components of the entire business planning process. ith reliable estimates the organization can plan appropriates. Financial planning and estimation includes forecasted sales and revenues, expenses, and required cash flow to operate the business.
The budget will then combine all of the different estimates into a comprehensive document that can be used to plan for the future and to make business decision. The first activity in the budgeting process is usually a sales forecast. Once an organization determines what their projected levels of sales will be for any period, they can then estimate the other expenses based on this forecast. Accuracy of the sales forecast therefore is…
Decker, R., & Gnibba-Yukawa, K. (2010). Sales Forecasting in High-Technology Markets: A Utility-Based Approach. The Journal of Product Innovation Management, 115-129.
Todd, S., Crook, T., & Lachowetz, T. (2013). Agency Theory Explanations of Self-Serving Sales Forecast Inaccuracies. Sciedu Press, 13.
isk Management in Family Owned Businesses
A family business can be simply described as "any business in which a majority of the ownership or control lies within a family, and in which two or more family members are directly involved" (Bowman-Upton, 1991). In other words, it is a multifaceted, twofold structure consisting of the family and the business meaning that the involved members are both the part of a job system and of a family system (Bowman-Upton, 1991).
Most families seek stability, intimacy, a sense of community, and belonging through the family business (Hess, 2006). On the other hand, whenever family and business are mentioned together, a majority of people think of continuous conflict, competition and contention (Crenshaw, 2005). However, "successful family businesses do not let the family destroy the business or the business destroy the family" (Hess, 2006).
The family-owned businesses are the backbone of the world financial system.…
Barrese, J., & Scordis, N. (2003). Corporate Risk Management. Review of Business, 24 (3), Retrieved August 17, 2012 from http://www.questia.com/read/1G1-111508707/corporate-risk-management
Bodine, S.W., Anthony, P., & Walker, P.L. (2001). A Road Map to Risk Management: CPAs Can Help Companies Manage Risk to Create Value. (Consulting). Journal of Accountancy, 192 (6), Retrieved August 17, 2012 from http://www.questia.com/read/1G1-80750205/a-road-map-to-risk-management-cpas-can-help-companies
Bowman-Upton, N. (1991). Transferring Management in the Family-Owned Business. Retrieved August 14, 2012 from http://archive.sba.gov/idc/groups/public/documents/sba_homepage/serv_sbp_exit.pdf
Caspar, C., Dias, A.K., & Elstrodt, H. (2010, January).The Five Attributes of Enduring Family Businesses. Retrieved August 15, 2012 from http://www.businessfamily.ca/cert_register_files/Web Downloads/McKinsey Quarterly - Jan 2010.pdf
isk Analysis and the Security Survey
The following risk analysis and security survey report will be centered on the hospital as an organization. Vulnerabilities can be classified as crime opportunities, opportunities for breaking rules and regulations, opportunities for profiting and also for loss. By definition, vulnerability can be a gap or a weakness inside a security program that might be exploited by opponents to acquire unlawful access. Vulnerabilities include procedural, human, structural, electronic as well as other elements that offer opportunities to damage assets (Vellani and Owles, 2007).
A vulnerability assessment can be classified as a systematic method utilized to evaluate an organization's security position, assess the efficiency of current security infrastructure, as well as, recognize security limitations. The basic approach of a Vulnerability Assessment (VA) first measures what precise assets require protection. Subsequently, VA recognizes the protection measures previously being used to protect those assets, as well as what…
Brandon Region Hospital. (2012). Evacuation plan.
Brandon Region Hospital. (2012). Risk management plan.
Chung, S., & Shannon, M. (2005). Hospital planning for acts of terrorism and other public health emergencies involving children. Archives of disease in childhood, 90(12), 1300-1307.
Code Green Networks. (2009). Protecting Healthcare Organizations from Patient Data Loss. Retrieved from: www.codegreennetworks.com/resources/downloads/wp_patient_dlp.pdf
isk management is aimed at determining possible problems beforehand in order to plan and invoke risk-handling activities, as required, across the project's or product's life, for mitigating negative effects on attaining objectives. The process of risk management constitutes a key part of technical and business management systems; it is constant and forward-thinking. isk management must deal with problems that threaten the attainment of key aims. A constant risk management strategy is adopted for successfully predicting and reducing risk elements, which critically affect a venture. A sound risk management plan entails timely and forceful risk identification by way of participation and collaboration of concerned stakeholders. Effective leadership is required across all concerned stakeholders for cultivating an environment conducive to honest and uninhibited discovery and analysis of risk. While technical problems constitute a major concern in the early stages as well as all through the course of the project, risk management has…
Allnutt, S., O'Driscoll, C., Ogloff, J. R., Daffern, M., & Adams, J. (2010). Clinical risk assessment and management: a practical manual for mental health clinicians.
Andrews, D. A., & Bonta, J. (2010). Rehabilitating criminal justice policy and practice.Psychology, Public Policy, and Law, 16(1), 39.
Andrews, D. A., Bonta, J., & Wormith, J. S. (2011). THE RISK-NEED-RESPONSIVITY (RNR) MODEL Does Adding the Good Lives Model Contribute to Effective Crime Prevention?. Criminal Justice and Behavior, 38(7), 735-755.
Douglas, K. S., Hart, S. D., Webster, C. D., Belfrage, H., Guy, L. S., & Wilson, C. M. (2014). Historical-Clinical-Risk Management-20, Version 3 (HCR-20V3): Development and Overview. International Journal of Forensic Mental Health, 13(2), 93-108.
isk Management of Terrorism in the UK
The issue of designing a risk management strategy for terrorism in the UK is dependent upon understanding and identifying the commensurate risks attendant with the various extremists groups that are perceived as threats to the UK's safety and infrastructural stability. Challenges include adopting an intelligence and surveillance system, educating the public regarding attendant trouble spots (such as retaliatory violence and discrimination as well as purpose of surveillance) and adopting a position in the global network that facilitates the overall mitigation of threats. The benefits are evident in control and prevention results and good practice recommendations are provided in the conclusion. This study gives a contextual assessment of the risks facing the UK, analyzes the components of risk management that can be utilized to alleviate these risks, defines the term "terror," examines the historical challenges that coincide with these components, and discusses the benefits…
Ciftci, S. (2012). Islamophobia and threat perceptions: Explaining anti-Muslim
sentiment in the West. Journal of Muslim Minority Affairs, 32(3): 292-309.
Forst, B., Greene, J., Lynch, J. (2011). Criminologists on Terrorism and Homeland
Security. UK: Cambridge University Press.
isk Management Plan Due Week 4 worth 240 points Note: The assignments a series papers-based case, located Student Center shell. The assignments dependent . In assignment, create a risk management plan.
Scope and objectives of risk process
The project consists of fixing of the firm's data security weakness and brand restoration. Brand restoration would ensure that the company is able to demonstrate to its customers that it is able to move past the data breach event. Brand restoration would also allow the company to continue competing without losing its customers. Fixing the weaknesses in its data security gives the company the opportunity to improve on its security measures. The company would also use this aim in strengthening its systems and implementing strict guidelines in regards to data security. The scope of the project would require the company to communicate to its customers about the data breach osenbaum & Culshaw, 2003.…
Hillson, D., & Simon, P. (2012). Practical Project Risk Management: The ATOM Methodology, Second Edition. Vienna, VA: Management Concepts Incorporated.
Rainer, R.K., Jr., Snyder, C.A., & Houston, H.C. (1991). Risk Analysis for Information Technology. Journal of Management Information Systems, 8(1), 129-147. doi: 10.2307/40397977
Rosenbaum, M.S., & Culshaw, M.G. (2003). Communicating the Risks Arising from Geohazards. Journal of the Royal Statistical Society. Series A (Statistics in Society), 166(2), 261-270. doi: 10.2307/3559666
Stephenson, G. (2001). Risk Management Plan: Bechtel Nevada Corporation (U.S.).
The diffused infrared configuration however, uses a transmitter that fills a given office space with signals. The signal receiver can then be located anywhere in the office area in order to successfully receive the I signal.
The Spread spectrum LANs
This form of arrangement utilizes the multiple-cell configuration. Each of the cells are appropriately assigned a unique center frequency that lies within a specific band in order to avoid signal interference. This transmission technique makes use of two methods; frequency hopping as well as direct sequence modulation
The Frequency hopping method uses signals that jumps from a given frequency to the other within a specific bandwidth. The transmission unit then "listens" to a give channel and if successfully detects any idle time (a time when no signal is transmitted),then transmits the packet via the full channel bandwidth .In case a channel is deemed "full," the transmitter then "hops" to the…
Bruce, WR (2002).Wireless LANs End to End, Ron Gilster (ed.), John Wiley & Sons.
Burell, J (2002) 'Wireless Local Area Networking: Security Assessment and Countermeasures: IEEE 802.11 Wireless Networks', Dec. 2002, retrieved 22 March
2011, < http://telecom.gmu.edu/sites/default/files/publications/Jim-Burrell-December-2002.pdf>
Cisco (n.d)"Cisco HWIC-AP WLAN Module for Cisco 1800 (Modular), 2800 and 3800."
risk management in a project from your experience or reading. What tools can be used to assist in risk management?
Enterprise risk management (ERM) essentially deals with recognizing possible risks within the operation of the enterprise, controlling these risks, preventing others, and safeguarding security of these risks.
it is the investigation of possible organizational risks that may occur, investigating possible magnitude of these possible risks, setting weights in place to control occurrence of these risk, a and evaluating to make sure that these risks, if they do occur, are dealt with in as efficacious a way as possible. Risks, too, are prioritized so that the organization can determine which risks to deal with first and which are most damaging to their organization.
Risks can be both internal and external. Examples of internal risks are the possibility of fraud or of data being hijacked. Examples of external risks, on the other…
Alexander, Carol and Sheedy, Elizabeth (2005). The Professional Risk Managers' Handbook: A Comprehensive Guide to Current Theory and Best Practices. PRMIA Publications
Mind Tools Risk Analysis
Major or catastrophic risks, however, must be considered in the financial planning process. Such risks can result in the project delivering no net value to the company, or worse a negative value to the company. The firm must therefore estimate the risks of the project, and the volatility of the cash flow assumptions, prior to pursuing the project. If the project is sufficiently large, risks can compromise the firm's solvency. This is particularly true if the project has been financed by debt, which incurs mandated repayments that the firm would be unable to meet with the flows from the project. For Microsoft, with its rock solid balance sheet, this is unlikely. The project, even if it fails miserably, will only result in Microsoft spending some of its cash. hile this is not a desirable outcome by any means, Microsoft is in the enviable position of being able to absorb total…
No author. (2008). Sources and perspectives of risk. Mapsoftheworld.com. Retrieved January 17, 2010 from http://finance.mapsofworld.com/corporate-finance/risk-analysis/sources-perspective.html
It is a sound practice for companies to perform an assessment on a regular basis to determine any possible threats that can harm the company internally or externally. There are many different facets to risk analysis from assessing on a regular basis which leads to identifying risks and determining what measures should be taken for each risk. All companies should go through this process so that they know how to manage any risk that their company might face. Not only should companies know what their risks are, they should also know which risk poses high and low threats. This will help them to determine what is considered an acceptable risk and what isn't. Because the business environment is ever-changing and information is constantly flowing globally, risk analysis is a necessity (Startiene and emeikiene, 2007).
Organizations should take risk analysis to protect what they value. This could be employees,…
Day, G.S. (2007). Is it real? Can we win? Is it worth doing? Managing risk and reward in an innovation portfolio. Harvard Business Review, 85(12), 110-120.
Startiene, G., & Remeikiene, R. (2007). Methodology of business risk analysis and its practical application in the enterprises working in the global market. Engineering Economics, 3(53), 7-16.
isk Communication and Its Importance for the Security Manager
Identify what risk communication is and explain its importance for the security manager
Communication is a significant factor in all aspects and sectors of life. The social, political or economic features of are transmitted exclusively through communication. Communication is the act of conveying information and messages from an individual to another or a group. It serves to, teach, educate, learn, entertain and to warn among other purposes. Thus, in any organization or area of a corporate or personal life, it is imperative to have effective and efficient communication. The safety of a person, corporate organization or a nation can always be assured. Communication is, therefore, needed in ensuring this safety.
What is risk communication?
If you are told that, in the path, you are about to take, there is a gargantuan poisonous snake lying by the side of the path; you…
Roeser, S., Hillerbrand, R., Sandin, P., & Peterson, M. (2012). Handbook of Risk Theory:
Epistemology, Decision Theory, Ethics, and Social Implications of Risk. Dordrecht:
Hayes, R. (2007). Retail security and loss prevention. Basingstoke [u.a.: Palgrave Macmillan
isk Assessment and Management
isk management refers to s strategies adopted by an organization in order to protect itself from the foreseeable and unforeseeable dangers related to its operations. This is possible when a proper assessment of the risks and their causes is done. Uncertainties in a business may come from the change in government policy, shift in tastes and preferences, and fall in demand in the market (McClure, 2011). This study identifies ways in which business operations can be improved through proper risk assessment and management strategies.
Ways to assess risk
isk assessment in a business requires the use of several metrics and measures such as market and performance analysis in its operations (Adams, 1999). In the present times in most businesses, the role of management much includes risk management. It also includes the making of plans to incorporate all the stakeholders in the firm for the purposes of…
Adams, J. (1999). Risky Business: The Management of Risk and Uncertainty. London: Adam Smith Institute (Electronic Resource).
Borodzicz, E.P. (2005). Risk, Crisis, and Security Management. New York: Wiley
Briggs, R., & Edwards, C. (2006). The Business Of Resilience: Corporate Security For The 21st Century. Demos (Organization: London, England) 2006 (Electronic Resource)
Hood, C., & Jones, K.C. (1996). Accident and Design: Contemporary Debates In Risk Management. London: Routledge
isk Management Plan for Exxon Mobil
A risk management process is a systematic application of management policies for the purpose of identifying, analyzing, evaluating and mitigating any possible risks within an organization. The following paper focuses on formulation of risk management plan for Exxon Mobil, one of the world's most renowned oil and gas companies. The risks would be identified and selected applicable to this firm and after their evaluation, a risk treatment plan would be advised.
Establish the isk Context
Identifying the Context for isk Assessment
eviewing current organizational processes
Being in the gas and power marketing department of the company, there are certain risks applicable within my area of operation. In order to clearly determine those risks, first, a comprehensive look at Exxon Mobil's organizational processes along with a SWOT analysis is presented. The firm is dedicated to create and maintain an environmental policy that would protect the…
Bastian, B.L. & Tucci, C. (2010). An empirical investigation on the effects of political risk on technology strategies of firms, presented at Summer Conference 2010, London, 2010. London: Imperial College London Business School. Retrieved from http://www2.druid.dk/conferences/viewpaper.php?id=501908&cf=43
Exxon Mobil. (n.d.). About us: How we operate. Retrieved from http://lubes.ExxonMobil.com/Lubes/about_how.aspx
Green Peace. (2011). Risks and potential impacts of oil exploration in the Arctic. Retrieved from http://www.greenpeace.org/international/Global/international/publications/climate/2011 / FinalArcticBriefing2011.pdf
Hirsch, A. (2011, June 17). Exxon Mobil accused of 'fraud' in Jacksonville gas spill trail. The Baltimore Sun. Retrieved from http://www.baltimoresun.com/news/maryland/baltimore - county/bs-md-co-exxon-trial-closing-20110617-story.html
isk, isk Management Strategies, and Benefits in Cloud Computing
SEVICE AND DEPLOYMENT MODELS
BENEFITS OF CLOUD COMPUTING
CLOUD COMPUTING ISKS
ISK Management STATEGIES
Centralized Information Governance
Other Organization-Level Measures
Individual-Level Security Measures
Cloud computing model
Cloud computing service and deployment models
ISO/IEC broad categories
The emergence of cloud computing has tremendously transformed the world of computing. Today, individuals, organizations, and government agencies can access computing resources provided by a vendor on an on-demand basis. This provides convenience, flexibility, and substantial cost savings. It also provides a more efficient way of planning disaster recovery and overcoming fluctuations in the demand for computing resources. In spite of the benefits it offers, cloud computing presents significant security concerns, which users must clearly understand and put strong measures in place to address them. Users are particularly…
Abiodun, A. (2013). A framework for implementation of risk management system in third party managed cloud. Journal of Information Technology & Economic Development, 4(2), 19-30.
Ahmed, N., & Abraham, A. (2013). Modeling security risk factors in a cloud computing environment. Journal of Information Assurance and Security, 8, 279-289.
Alali, F., & Yeh, C. (2012). Cloud computing: overview and risk analysis. Journal of Information Systems, 26(2), 13-33.
Alijani, G., Fulk, H., Omar, A., & Tulsi, R. (2014). Cloud computing effects on small business. Entrepreneurial Executive, 19, 35-45.
There are discrepancies encountered in conducting the valuation and risk of a private company. There arises these factors that if investigated can impact the process accordingly. The first research question that I suggest is investigating if the tax risk and equity market value exhibit a concave association, which is consistent with the optimal tax risk level from a valuation of equity standpoint. The second topic that can be researched upon is the changes facing the risk and value valuation service area for businesses and how they impact the practice. Finally, a study on how the Merger and Acquisitions revised standards are impacting business deals.
Chandra, U., & o, B.T. (2008). The role of revenue in firm valuation. Accounting Horizons,
22(2), 199-222. etrieved from http://search.proquest.com/docview/208923683?accountid=35812
Darrough, M., & Ye, J. (2007). Valuation of loss firms in a knowledge-based economy. eview of Accounting Studies, 12(1), 61-93. doi: http://dx.doi.org/10.1007/s11142-006-9022-z
Chandra, U., & Ro, B.T. (2008). The role of revenue in firm valuation. Accounting Horizons,
22(2), 199-222. Retrieved from http://search.proquest.com/docview/208923683?accountid=35812
Darrough, M., & Ye, J. (2007). Valuation of loss firms in a knowledge-based economy. Review of Accounting Studies, 12(1), 61-93. doi: http://dx.doi.org/10.1007/s11142-006-9022-z
Bernier, G., & Ridha, M.M. (2010). On the economics of postassessments in insurance guaranty funds: A stakeholders' perspective. Journal of Risk and Insurance, 77(4), 857-892.
As the percentage of older Americans continues to increase, the need for timely and accurate assessment screens and the formulation of effective clinical interventions will become even more pronounced. Fortunately, the research also showed that there are a number of assessment tools that are available to facilitate the process, including sophisticated multifactor instruments with proven validity and reliability. One of the more important issues to emerge from the research concerned the need for individualized interventions that draw on strengths and interests in order to minimize the risk factors that are involved.
Faber, M., Bosscher, .J. & Van Wieringen, P.C. (2006). Clinimetric properties of the performance-oriented mobility assessment. Physical Therapy, 86(7), 944-954.
Functional assessment. (2012). NursingLink. etrieved from http://nursinglink.monster.com / training/articles/331-functional-assessment-the-key-to-geriatric-care-in-the-21st-
Gates, S. & Smith, L., Fisher, J.D. & Lamb, S.E. (2008, October 1). Systematic review of accuracy of screening instruments for predicting fall risk among independently living older…
Faber, M., Bosscher, R.J. & Van Wieringen, P.C. (2006). Clinimetric properties of the performance-oriented mobility assessment. Physical Therapy, 86(7), 944-954.
Functional assessment. (2012). NursingLink. Retrieved from http://nursinglink.monster.com / training/articles/331-functional-assessment-the-key-to-geriatric-care-in-the-21st-
Gates, S. & Smith, L., Fisher, J.D. & Lamb, S.E. (2008, October 1). Systematic review of accuracy of screening instruments for predicting fall risk among independently living older adults. Journal of Rehabilitation Research & Development, 45(8), 1105-1113.
isk, eturn and Their Evaluation
isk & Performance Indicators
Since this is a small business, therefore raising equity capital through public stock issue is less likely than debt or whatever form of paper issued to angel or venture investors. Therefore while a larger, publicly traded firm would consider the return on equity version of the short form DuPont equation, a small, more closely-held concern would focus on return on assets (OA). If OA is net income over sales times sales over total assets, i.e. net income over total assets, then any action that could increase the numerator, total income, or shrink the denominator(s) should increase OA compared to past performance within the firm and the competition outside it. If competitors all use the same (best) plant, then maximizing efficiency of the same assets through process or brand innovation; input cost reductions, and also financial performance like minimizing payables days over…
Investopedia (2011). How to calculate required rate of return. Forex. 25 Feb. 2011. Retrieved
from http://www.investopedia.com /articles/fundamental-analysis/11/calculating-required-rate-of-return.asp#axzz1wxIzjR6l
Risks of Climate Change
THE RISK OF CLIMATE CHANGE: IMPLICATIONS FOR ARCHITECTS AND ENGINEERS
Climate Change Impacts on Engineering Infrastructure
Key Impacts on Water and Resources
Risk Management Analysis Coping Methods Possibility And Probability
Recommendations And Guidelines For The Vulnerability Of Climate
Change Impacts Using Risk Management Methods And Analysis
THE RISK OF CLIMATE CHANGE: IMPLICATIONS FOR ARCHITECTS AND ENGINEERS
This work examines climate change in relation to impacts upon infrastructure, utilities, and water in relation to the affects from projected sea level rise, flooding, and other related impacts expected to result from climate change. This work also reviews models used for risk assessment and analysis and examines their usefulness and the associated limitations with these models. Knowledge and expertise is growing in the risk-assessment and analysis field of study and reliable models are being developed although the primary effective and appropriate use for the majority of these models…
Adapting to Climate Change Impacts on Water Management: A Guide for Planner (2006) AEA Technology - Prepared for the South East England Regional Assembly. May 2006. Online available at http://www.southeastra.gov.uk/our_work/planning/sust_nat_res/planners_adaptation_guide/planners_adaptation_guide.pdf
Sandell, 2007) ABC News Report Online available at http://www.abcnews.go.com/Technology/GlobalWarming/story?id=3582433&page=1
Blakemore, Bill (2007) Greenland: Where Towering Icebergs Raise Sea Levels. 9 Sept 2007. ABC News Online available at http://www.abcnews.go.com/WN/story?id=3579084&page=1
Cities Should Plan Now for Effects of Global Warming on Infrastructure (2005) University of Maryland 21 Feb 2005 Science and Technology Online available at http://www.newsdesk.umd.edu/scitech/release.cfm?ArticleID=1036
isk Management Plan
A&D High Tech
Introduction to the Plan
Charter, Scope, Plan, and WBS
Scope of the isk Management Plan
102.2 isk Management Plan Components
112.4 Expected Monetary Value Analysis
isk Management Identification
123.1 Determine the isks
133.2 Evaluate and Access the isks
133.3 Qualitative and Quantitative Processes
143.4 Compare and Contrast Techniques
144.1 Major and Minor isks for the isk Matrix
144.2 isk Matrix Template
Corrective Action and Monitoring
155.1 Type of Corrective isk Management
155.2 Corrective Plan
155.3 Corrective Action for isks
Section 6 -- esults, Conclusion, and Follow-Up
Section 7 - eferences
Section 1 -- Introduction
Introduction to the Plan
This project involves a company named A&D High Tech which operates within the computer products industry and sells computer products, accessories, and services to consumers and small businesses. The…
ISK Management - CAPM and APT
Capital Asset Pricing Model and Arbitrage Pricing Theory
The contemporaneous business community is extremely competitive, meaning as such that the organizational leaders strive harder than ever to overcome the competitive forces. Virtually, they have to hire and retain the best skilled staff members; they have to develop and offer the best quality products and services and they must be able to raise the interest of a vast and large customer base. All these constitute competitive advantages.
Yet, another element which has to be granted the adequate attention is that of the management of assets. The specialized literature offers a multitude of definitions of the concept of asset, yet the underlying idea is basically the same. Stickey, Weil and Schipper (2009) for instance argue that an asset is "a probable future economic benefit that a firm controls because of a past event or transaction" (p.108).…
Bailey, R.E., 2006, The Economics of Financial Markets, Cambridge University Press, ISBN 052184827X
Cheng, B., Tong, H., 2008, Asset Pricing: A Structural Theory and Its Applications, World Scientific, ISBN 9812704558
Fabozzi, F.J., Markowitz, H., 2002, The Theory and Practice of Investment Management, John Wiley and Sons, ISBN 0471228990
Fabozzi, F.J., Focardi, S., Kolm, P.N., 2006, Financial Modelling of the Equity Market: From CAPM to Cointegration, John Wiley and Sons, ISBN 0471699004
Administrative and political distance risk is most seen from the standpoint
of legal and financial institutions, the monetary systems and political
associations and the role of foreign governments in defining the barriers
to entry for foreign businesses. Geographic distance risks have more to do
with the physical distance and varying climates. The geographic distance
set of risks also capture the lack of potential infrastructure due to
remoteness. The economic distance risk assessments include the different
information or knowledge process workflows throughout a culture and the
blind-spots this causes for many companies in creating the strategies to
move into another company. There are many risks also present in the
economic distance of given foreign nation, emanating from the differences
in consumer incomes and wide variations in costs and quality of natural,
financial, and human resources.
In assessing the risks of global expansion, it is critical to consider the
use of analytical…
Ghemawat (2001) - Distance Still Matters: The Hard Reality of Global
Expansion. Harvard Business Review. Pankaj Ghemawat. Harvard Business
School Press. Cambridge, MA September, 2001.
isk-Taking Behavior and isk Management
isk Management Article eview
Dominic Cooper (2003) reviews the various factors that influence risk outcomes, with a focus on how personality can have a significant effect on risk-taking behavior. The first half of the article dives into the admittedly murky waters of the associations between personality types, group dynamics, and risk-taking behavior, while the second half discusses risk management and control strategies. Importantly, Cooper states explicitly that individual and group factors are hard to control or change. Despite this attitude, he puts considerable effort into describing the different personality types, their propensity for risk-taking behavior, and the likelihood of harm. In the final analysis, personality, task experience, promise of a reward, and group dynamics seem to have the greatest influence on risk-taking behavior. If the first half of the article were to have a summary, it would be that the sources of risk amenable to…
Baker, Dorothy I., Gottschalk, Margaret, and Bianco, Luann M. (2007). Step-by-step: Integrating evidence-based fall-risk management into senior centers. Gerontologist, 47(4), 548-554
Cooper, Dominic. (2003). Psychology, risk & safety: Understanding how personality & perception can influence risk taking. Professional Safety, November, p. 39-46.
Risk workshops allow for a strong modeling process of any project management problem. Risk workshops, when conducted effectively produce a prioritized list of risks that has an assigned action and stakeholders attached to that risk. As a project manager all risks rely on the details of the project. I would always expect to be briefed on any changes in budget, deadline or change in objective. Identifying risks that address these issues is important in assessing the value of risk workshops.
Prioritization of key principles and objectives is imperative in the project management way of business. Understanding the difference between a threat and a priority is essential for success. High-priority opportunities should always be addressed first since they compose the main objectives and goals for that project. Threats are important but should not cause the project to come off the tracks.
When disaster strikes in the middle of a…
They were just so intense, so focused, so transaction-driven, there literally wasn't time for people to put ideas out and discuss and debate them."
These constraints to effective management oversight and innovation were further exacerbated when the company went private in 2001. According to Stopper, "ARAMARK went from a leveraged buyout situation in 1984, with only some 50 people having equity in the company, to an initial public offering (IPO) in 2001 with 97% ownership by employees. It was a huge cultural shift. Many employees incurred debt in order to have ownership in the company. In his view, HR's power and influence came from performance and creating value, not from advancing or acceding to personal agendas."
To their credit, though, Hayes reports that the company finally took action to remedy this situation by creating an action project team to assess the potential threats involved in retaining the status quo and…
About ARAMARK." (2007). ARAMARK Corporation. [Online]. Available: http://www.aramark.com/MainLanding.aspx?PostingID=336&ChannelID=187 .
Alleyne, Sonia (2007, July). "40 Best Companies for Diversity: In Our Third Annual Survey, We Focus on Supplier Diversity and Senior Management Representation-How Much Companies Spend with Black Suppliers and Who They Let into the Corporate Suite." Black Enterprise 37(12): 106
Caddell, Cathy L. (2004, October). "Taste of Chicago." Corrections Today 66(6): 46
Goldberg, Karen (1996, July 18). "How to Feed 10,800 Athletes." The Washington Times 13.
isks and Vulnerability Factors
The two counties I selected were Shelby County in Tennessee and Orleans County in Vermont. In 2011, Shelby County experienced $2,000,000,000 in property damage due to flooding on May 1, 2,470,000 in property damage due to severe storms and thunderstorms beginning on April 19, 150,000 due to flooding beginning on April 27, and $20,000 in property damage beginning April 26. During all of these disasters there were no injuries, fatalities, or crop damage.
In 2011, Orleans county incurred $500,000,000 in property damage from flooding beginning on August 28, $150,000 in property damage due to lightening beginning July 6, and $50,000 in property damage due to wind on August 28. There was also flooding on April 26 that accumulated $50,000 in property damage. Significantly, none of these hazards produced any injuries or fatalities. The only crop damage incurred was $250,000 attributed to flooding on August…
Hazards & Vulnerability Research Institute (2012). "The Spatial Hazard Events and Losses Database for the United States, Version 10.0 [Online Database]." Columbia, SC: University of South Carolina. Retrieved from http://www.sheldus.org
Hazards & Vulnerability Research Institute. (2012). "Social Vulnerability Index (SoVI®) for the United States - 2006-10 Data." Columbia, SC: University of South Carolina. Retrieved from http://webra.cas.sc.edu/hvri/products/sovi.aspx
, 2007). The results of that research indicates that light users of MDMA do exhibit mild cognitive impairment during the short-term in which they occasionally use the drug but that after six months or more of abstinence, their performance on the same cognitive tests used to identify those changes returns to being indistinguishable from the performance of those who have never been exposed to the drug (Golding, Groome, ycroft, et al., 2007).
The Short-Term and Long-Term Consequences of Heavy MDMA Use
Animal studies have conclusively established that MDMA causes permanent destruction of neurons and synaptic processes that are essential to the physiological mechanisms of neurotransmitter secretion, response, and reuptake by virtue of the selectively neurotoxic properties of the drug on 5-HT neurons in rats (Verrico, Miller, & Madras, 2007). Those findings are consistent with anecdotal evidence collected from clinical human data in connection with the long-term cognitive, behavioral, and mood…
Golding, J.F., Groome, DH, Rycroft, N., and Denton, Z. "Cognitive Performance in Light Current Users and Ex-Users of Ecstasy (MDMA) and Controls." The
American Journal of Drug and Alcohol Abuse, Vol. 33 (2007): 301 -- 307.
Koprich, J.B., Chen, E.Y., Kanaan, N.M., Campbell, N.G., Kordower, J.H., and Lipton, J.W. "Prenatal 3,4-methylenedioxymethamphetamine (ecstasy) alters exploratory behavior, reduces monoamine metabolism, and increases forebrain tyrosine hydroxylase fiber density of juvenile rats." Neurotoxicology and Teratology, Vol. 25, No. 5 (2003): 509 -- 517.
Roiser, J.P., Rogers, R.D., and Sahakian, B.J. "Neuropsychological function in ecstasy
Most developed economies, however, allow the market to set exchange rates, only influencing currency values through indirect means such as the increased or reduced sale of bonds to foreign entities and individuals, or through other means of international wealth exchange. Essentially, all manipulations of exchange rates and actions based on predictions of exchange rates are focused on the forward exchange rate, or the predicted rate of exchange between two currencies at a future point in time.
The spot exchange rate, on the other hand, is the rate of exchange at the current moment in time. It is through a comparison of the spot rate and the forward rate of exchange -- inasmuch as it can be predicted with any accuracy -- that companies and businesses make decisions that affect either the exchange rate itself (in the case of some governments, notably China in the modern period), or more often make…
Christofferson, Peter F. Elements of Financial Risk Management. San Diego: Elsevier Sciences, 2003.
Comptroller of the Currency Administrator of National Banks. Interest Rate Risks. 1997. Accessed 19 March 2010. http://www.occ.treas.gov/handbook/irr.pdf
Cusatis, Patrick and Martin R. Thomas. Hedging Instruments and Risk Management. New York: McGraw Hill, 2005.
Dun & Bradstreet. Financial Risk Management. New Delhi: McGraw Hill, 2008.
Small usiness' Need for a CPA
One of the critical investments a small business can make to mitigate loss and risk is hiring a CPA and putting that CPA on the 'management team.' As Wells notes in his groundbreaking research, "Denise, a bookkeeper for a small trucking firm in irmingham, Alabama, wishes she had never heard of Ralph Summerford, CPA. ecause of his thoroughness, Denise is facing several years in prison for embezzling $550,000 from her employer. At least she will look good standing before the sentencing judge: Denise spent a great deal of her illegal loot on head-to-toe cosmetic surgery. She blew the rest on a shiny new Lexus, luxury vacations, clothing and jewelry. And, of course, Denise had to have a big house to store all of her finery." (Wells, 2003)
Surprisingly, it was not at all the fancy standard of living that made her employer suspicious. "The…
Wells, Joseph. 2003. Protect small business: small companies without adequate internal controls need CPAs to help them minimize fraud risk. Journal of Accountancy.
Small Business Administration. 2005. www.sba.gov.
Federal Reserve Bank. 2004. www.federalreserve.gov.
AICPA. 2005. At www.aicpa.org/antifraud/training/homepage/htm.
Phishing Spea Phishing and Phaming
The following is intended to povide a vey bief oveview of examples of some the most dangeous and pevasive secuity isks in the online and netwoked wold. One of the most insidious of identity theft is known as phishing. The tem 'phishing' efes to the pactice of "fishing fo infomation." This tem was oiginally used to descibe "phishing" fo cedit cad numbes and othe sensitive infomation that can be used by the ciminal. Phishing attacks use "…spoofed emails and faudulent websites to deceive ecipients into divulging pesonal financial data, such as cedit cad numbes, account usenames and passwods, social secuity numbes etc." (All about Phishing) . Thompson ( 2006) clealy outlines the basics of a phishing attack.
A typical phishing sends out millions of faudulent e-mail messages that appea to come fom popula Web sites that most uses tust, such as eBay, Citibank, AOL, Micosoft…
references the CISA Review Manual, 2006.
Thompson, S.C. (2006). Phight Phraud: Steps to Protect against Phishing. Journal of Accountancy, 201(2).
This study by Thompson provides some significant aspects that the business owner and customers in online commerce should pay attention to. These include basic but important aspect that should include in e-training; for example, never e-mail personal or financial information or never to respond to requests for personal information in e-mails. This provides useful background to the issue of risk identification and is also related management of this threat.
Wetzel R. ( 2005) Tackling Phishing: It's a Never-Ending Struggle, but the Anti-Fraud Arsenal Continues to Grow. Business Communications Review, 35, 46+.
This study A sheds light on the implications in term of the costs of identity fraud to financial institutions. The study underscores the severity of the vulnerabilities faced by today's organizations in the online world. The author refers to the obvious cost to intuitions like banks and also discusses hidden costs that relate to the erosion of customer confidence as a result of ID theft.
hile many articles tend to deal with the fact that victims of child abuse tend to become abusers, I wanted to go in another direction, looking at how child abuse can actually affect the life of the abused. In order to consider this, I contemplated Belik et al.'s study, "Relation Between Traumatic Events and Suicide Attempts in Canadian Military Personnel." In this article, the authors' purpose wanted to "determine whether exposure to particular types of traumatic events was associated with suicide attempts in a representatives ample of active military personnel" (Beilik et al. 93). In order to test the connection between certain traumatic events and suicide attempts, the authors drew data from the Canadian Community Health Survey, which asked respondents to mark whether they had been victims of 28 different traumatic events during their lives. One of these events was child abuse. The survey was representative of such variables including…
Belik, S., Stein, M.B., Amudson, G. JG., and Sareen, J. "Relation Between Traumatic
Events and Suicide Attempts in Canadian Military Personnel." La Revue canadienne de psychiatre. 54.2. (2009): 93-104.
Kim, Min Jung. Tajima, Emiko A., Herrenkohn, Todd I., and Huang, Bu. "Early Child
Maltreatment, Runaway Youths, and Risk of Delinquency and Victimization in Adolescence: A Mediational Model." Social Work Research. 13.1 (2009): 19-28.
A nuclear meltdown would be a local catastrophe requiring evacuation (and likely permanent abandonment) of the surrounding communities, but that risk is not substantially different in magnitude from a burst hydroelectric dam, or from the aggregate harm of continuing to pollute our atmosphere with fossil fuel waste products..
Certainly, nuclear energy requires strict regulation, careful facilities planning, and myriad other equally important practical considerations for administrating the industry safely so that its risks are minimized. However, the emotional objection to peaceful uses of nuclear power is based on incorrect assumptions about what those risks actually are, as well as on the illogical association of the beneficial uses of the technology with its destructive potential used in weapons of war.
In the case of nuclear power, the ethical considerations are closely related to the logical analysis. Once it is established that the emotional objection to nuclear power on overall…
Gundersen, P. (1999) the Handy Physics Answer Book.
Barnes & Noble: New York
Rennie, R. (2003) the Facts on File Dictionary of Atomic and Nuclear Physics.
Checkmark Books: New York
Fuel prices are a major contributor to the profitability of an airline, as they tend to be more volatile than ticket prices. In response to this variability, airlines typically engaging in fuel price hedging strategies. On the operational level, many airlines rely on a focus on shorter average flight distances. This keeps the fuel cost down relative to passenger revenue. However, the most common method of dealing with fuel price volatility is to utilize a financial hedge, typically a series of either futures or forwards to lock in the price of fuel.
The first thing to realize is that the company cannot perfectly hedge the top end of the fuel price range. At some point, the price paid is going to have to be lower than the top price or the airline will lose a lot of money when the price drops again. During a major run-up, like…
Bachman, J. (2008). Southwest sees fuel hedges' pesky side. Business Week. Retrieved January 19, 2012 from http://www.businessweek.com/lifestyle/travelers_check/archives/2008/10/southwest_sees.html
. Research Design Rationale
1. Question format: In order to allow the research study to become embedded in the field of economics, the research question will use an applied question format. The purpose of the study is to develop a predictive method regarding player choices in the Prisoner's dilemma. It will explore the association of risk and cooperation or defection in the Prisoner's
2. Research design: The research will use a deductive approach where the theory will be presented and tested through the methodology. The research will use quantitative research methods, which are suited for research where the information can be reduced to a numerical format. This is the case in the proposed study as both risk tolerance and the decisions made in the Prisoner's Dilemma can be reduced to numerical data and standard statistical methods applied.
III. Data/Information from Previous research
A. Literature Review
The literature review for…
Agarwal, J. & Feils, D. (2007). Political Risk and the Internationalization of Firms: an Empirical
Study of Canadian-based Export and Fdi Firms. Canadian Journal of Administrative
Sciences. 24 (3): 165+. Questia Database.
Ansell, C. & Gash, a. (2008). Collaborative Governance in Theory and Practice. Journal of Public Administration Research and Theory. 18 (4): 543+. Questia Database.
hen creating a risk management plan for a government program a number of important (even crucial) steps must be taken. In this paper a review of those steps is presented. Also, interventions which are important for improving healthcare are presented. Hence, this paper should serve as a five page report to the city council.
The simple, straightforward definition of needs assessment is as follows: project leaders and developers must know in advance what resources are necessary -- are vital -- for the completion and success of the program. In other words, needs assessment relates to that time, what financial commitment, what staff and what other tools and resources will be necessary in order to have a program that is functional and purposeful.
Because needs assessment and project management go hand in hand, the project managers working on a new program have a practical goal of making…
Agency for Healthcare Research and Quality. (2010). Designing and Implementing Medicaid
Disease and Care Management Programs: A User's Guide. Retrieved June 23, 2015, from http://www.ahrq.gov .
Ajami, S., and Bagheri-Tadi, T. (2013). Barriers for Adopting Electronic Health Records
(EHRS) by Physicians. Journal of Academy of Medical Sciences of Bosnia and Herzegovina. 21(2), 129-134.
The project manager should at all times be present to monitor and ensure that it's the correct mixing of materials being done, it's the right quality of material being used, and it's the right amount of time being given to the treatment process in the different construction phases. In the event that this is not observed, and the building is erected, there's a high probability that the building will deteriorate at an early stage before its lifespan or even collapse as witnessed almost daily Zwikael and Ahn, 2011()
As a construction is ongoing, a major contribution to its success is the relationship between the different stakeholders. This includes the architect, the engineer, the owner, the contactor and the workers. In order to smoothly run the project and limit malice and incorporation, there should be a union and set goals and objectives between all these parties so as to ensure everyone…
BUYS, A., BENDEWALD, M. & TUPPER, K. 2011. Life Cycle Cost Analysis: Is it Worth the Effort? ASHRAE Transactions, 117, 541-548.
CHRIS HENDRICKSON 1998. Project Management for Construction. 2 ed.: Prentice Hall PTR.
EHRENFELD, J.R. 1996. Risk Assessment and Management: A Critique of Current Practices and Policy Implications. Organization & Environment, 9, 376-404.
GURCANLI, G.E. & MUNGEN, U. 2009. An occupational safety risk analysis method at construction sites using fuzzy sets. International Journal of Industrial Ergonomics, 39, 371-387.
Project isk Management
isks associated with projects successful completion
A project is an undertaking of human beings towards satisfying world needs. Projects are endeavors with a defined beginning and an end. Projects suffer from scope, time, cost and quality constraints. It is necessary for project managers to manage the risk of developing weak scope. Scope of a project incorporates the objectives of a project, the target population, the output and impact of that endeavor. Therefore, managers of project need to do a problem analysis, stakeholder analysis, environment analysis to know if the project is sustainable (Cleland & King, 1988). On the risk of time, managers need skills on time management. Management of projects requires one to be well versed in developing schedules. Time management involves developing systems that has a specific time of completion and start time.
Scheduling of projects includes hiring of individuals for the accomplishment of projects. There…
King, W.R. (Eds.) & Cleland, D.I., & (1988). Project management handbook (Vol. 2). New
York: Van Nostrand Reinhold.
Anbari, F. T & Kwak, Y.H., (2009). Analyzing project management research: Perspectives from top management journals. International Journal of Project Management, 27(5),
Economy (Maket) Analysis
Bief Histoy of the Company
Analysis of Financial Statements (Ratio analysis)
Liquidity Ratios: Cuent atio
Opeating Efficiency: Asset Tunove
Opeating Pofitability Ratios: Net pofit magin, Retun on Equity, and Du Pont
Risk Analysis: Business Risk and Financial Risk, Vaiability, and Debt/Equity
Application of CAPM and Analysis
10F.Estimating the Value of the Company and Analysis
11• Sustainable Gowth Rate
12• Investment Decisions
13G.Additional Measues of Relative Value and Analysis
14H.Measues of Value Added and Analysis
15I.Comments and Conclusion
1.Economy (Maket) Analysis
Consume spending poved vey esilient against the challenge of gadually ising enegy pices, as indicatos of sales in the etail secto show. Howeve, the difficulties caused by huicanes Katina, Rita and othe topical stoms, as well as tensions in oil-ich aeas might lead to ecod-high enegy pices.
1. Morningstar report on Coach Inc.- www.morningstar.com
2. Investopedia - www.investopedia.com
3. Value-Based Management www.valuebasedmanagement.net
4. The Coach 10k form, publicly available (including the Internet)
Sidpers Program isk Management Plan
Project description and Objectives
Project Manager (PM)
The identified Sources of isk in the SIDPES Project
Summary isk eport
isk Breakdown Structure
Double P-I matrix
Hillson, D and Simon, P (2007).Practical Project isk Management: The Atom Methodology. Management Concepts.
This document contains details of the isk Management Plan for the SIDPES Project and defines the risk management process to be used in the risk management process that is to be used through the duration of this project. The Project Manager is to be the one who is responsible for the review as well as maintaining of this Management Plan throughout the project. This is to ensure that the risk process sis maintained at an appropriate level necessary for dealing with the level of risk that is faced by this specific project (Simon &…
GAO (1990)Standard Installation/Division Personnel System (SIDPERS) Battalion S1 Level Procedures: Department of the Army Pamphlet 600 -- 8 -- 1
Hillson, D and Simon, P (2007).Practical Project Risk Management: The Atom Methodology. Management Concepts.
Hillson, D (2002).Extending the risk process to manage opportunities. International Journal of Project Management Vol 20 (3) April 2002, P.235 -- 240
Kitchen emodel Project isk Management
You acquire knowledge risk management analysis a project. The project remodeling family kitchen. To prepare project, research kitchen remodeling work considerations project success. Hypothesize effect risk management project.
Project isk Management
Overall goal of risk management is to guarantee an increase of opportunities and decrease of risk. isks are uncertain events that occur in the process of project planning and implementation and can have both negative and positive effects (Metzger, 2006). isk management entails definition of procedures involved in implementation of a project and the likely risks to be encountered in the project activities. The purpose of coming up with a risk management plan is to come up with the ideal framework for use by the project team. The team will use the risk management plan to identify risks and developing strategies that mitigate, enhance or change the negative risks. This paper presents a risk…
Metzger, D.Z. (2006). Systems Approach to Strategic Project Management. International Journal of Project Management, 7(3), 56-106.
Wallis, P. (2012). Risk management achieving the value proposition. . Government Finance Review,, 28(1), 36-42.
Wysocki, K., Robert (2009). Effective Project Management. United States of America: Wiley Publishing, Inc.
The advantages of a qualitative analysis approach are that it overcomes the challenge of accurate calculations of figures for asset value, cost of control etc. In a way less demanding procedure on the staff. Qualitative risk management projects can normally start to display noteworthy results in a matter of weeks, on the other hand those institutions or businesses that choose to employ a quantitative approach may experience limited benefit over months, or even a number of years of effort. The disadvantage of a qualitative analysis is that the consequential data is hazy and quite a number of strict decision makers, particularly the ones who have accounting backing or finance knowledge, may be hesitant to use the relative figures during a qualitative risk assessment.
The use quantitative approaches however also have got a number of drawbacks which include the following;
Dependence upon the scope and accuracy of specific measurement scales.
Artur Rot, (2008). It Risk Assessment: Quantitative and Qualitative Approach it Risk
Assessment: Quantitative and Qualitative Approach Proceedings of the World Congress on Engineering and Computer Science WCECS 2008, October 22-24, 2008, San Francisco, USA.
Vocus PRW Holdings, LLC. (2010). Significant Risks Identified in Information Technology
(it) Project Management. Retrieved April 20, 2011 from http://www.prweb.com/releases/Vonya_Global/IT_Project_Management/prweb4328924.htm
The same does apply to security metrics such that these metrics establish the performance within the organization and the effectiveness of the organization's security.
The purpose of Risk Analysis is to spot and find security risks in the current framework and to resolve the risk exposure identified by the risk analysis. The type of security risk assessment for an organization is a function of a number of available assessments. However, the most important security protocol is to protect the organizations assets. Therefore, the most important security risk assessment for this purpose is the penetration testing proceeded by the vulnerability scan (Landoll, 2006). Protection of assets is of primary concern. Assets include both physical and non-physical assets. Non-physical assets are defined as assets that are not tangible. The Security Audit is indeed imperative, as is the Ad Hoc testing and Social Engineering test.
Campbell, G. (2010, What's state-of-the-art in…
Campbell, G. (2010, What's state-of-the-art in security metrics? Security Technology Executive, 20(9), 19-19. Retrieved from http://search.proquest.com/docview/823012983?accountid=13044
Campbell (2010) delves into the newest technologies currently used in security technology. Contract security guards, he contests, account for more than $16 billion in the United States, employing more than public law enforcement. Campbell proposes musing metrics developed for the senior management team as well as providing a methodology on how to determine a particular metrics application.
Institute For Security And Open Methodologies (ISECOM) Security Metrics -- Attack Surface Metrics.
The ISECOM provides information regarding the rav and its application as a metric in security protection. The attack surface metric aspect is the focus of the metrics developed and is the specific activity of the rav.
Sport Stadium Risk Assessment
Sport venue management face challenges in determining the level of a potential threat (Hall). Risk must be identified, measured, and evaluated to be effectively managed. It should include assessments for threats, vulnerabilities, and criticalities for information that helps to protect critical assets, physical and human, against terrorist attacks and other threats, such as fan behavior that can cause harm to others or physical assets. Protection measures can include access control, use of CCTV security cameras, adding lighting, performance of background checks, credentialing, checking backpacks, enhancing communication networks, as well as developing and updating emergency response and evacuation plans.
There are three types of risks that need to be assessed. Mission risk prevents the organization from accomplishing goals and missions. Asset risk can harm physical assets. And, security risks can potentially cripple actual data and people. These risks are identified by surveys, inspections, employee interviews, and the…
Hall, S., Marciani, L. Cooper, W.E., & Rolen, R. "Introducing a Risk Assessment Model for Sport Venues." The Sport Journal, 10(2), ISSN: 1543-9518 (2007). Retrieved from http://www.thesportjournal.org/article/introducing-risk-assessment-model-sport-venues .
Hall, S., Marciani, L., & Cooper, W. "Sport Venue Security: Planning and Preparedness for Terrorists-related incidents." The Smart Journal, 4(2) (Spring/Summer 2008). Retrieved from http://www.thesmartjournal.com/venues.pdf .
The ole of isk Analysis in Making Security Decisions
Security decisions always rely heavily on an initial process of risk analysis because every security environment represents different types of security threats (Clifford 2004, 213). Depending on the nature of the environment, the principle security threats might be physical security and perimeter access control in some environments but information security and computer security in others. Naturally, it is impossible to design and implement an optimal security plan to address the specific threats to any given entity without first identifying and understanding the particular threats inherent to any given environment (Clifford 2004, 213). Moreover, where some threat environments demand a specific emphasis on one type of security threat, others might require a more complex approach that provides complete protection from multiple types of unrelated threats within a comprehensive integrated security plan (Clifford…
Clifford, Mary. (2004). Identifying and Exploring Security Essentials. New Jersey:
Commercial aviation, therefore, warrants the highest attention to risk management, precisely by virtue of the obvious risks to life and limb first, and devastating financial consequences of materialized risks associated with commercial aviation operations.
Designing and implementing a comprehensive risk management program entails specific components to identify potential risks, evaluate their likelihood of occurrence, the magnitude of harm associated with them, and the interrelationship of their statistical likelihood and extent of potential harm they represent. Program implementation is, in many ways, merely the first step in a long-term comprehensive safety strategy for effective and economical risk mitigation, precisely because the complexities of risk management in commercial aviation.
Consequently, post-implementation procedural monitoring and regular follow-up are necessary to ensure proper redress of any operational oversights and inadequacies, especially those that come to light only retrospectively after initial program implementation. In this regard, statutory requirements are merely the first level of risk…
Accessed October 27, 2007, at http://www.faa.gov/library/manuals/aviation/risk_management/
U.S. Department of Agriculture Forest Service (2005).
Aviation Safety Center. Risk Management; Accessed October 27, 2007, at: http://www.fs.fed.us/fire/av_safety/risk_mgt/index.html
The main hazards related to LNG include:
upture due to Corrosion
upture while excavation
upture while excavation
upture during an earthquake
upture due to mechanical failure
upture at compressor
upture at inspection stations
Uncontrolled detonation of explosives
Blow-out of gas at head and subsequent fire
Gas leak from infrastructure
Fire involving combustible
LPG or Diesel
Diesel pump fire involving equipment brittle fracture valve Leaks
Welding failure welding casting failure
Mechanical overstressing of equipment Vibration
Failure due to external loading or impact
Underground pipe rupture of transmission pipeline
Pipe rupture at main line valve sites.
upture of adjacent gas pipeline
Uncontrolled detonation of explosives
Gas leak from pipeline infrastructure
Drop of pipe from pipe lifts
Accommodation fire involving combustible construction LPG or Diesel
Diesel fire involving mobile fuel tanker
Uncontrolled release of LNG
Uncontrolled release of refrigerant gas
Uncontrolled release of by- product…
Acutech Consulting (2009). The HAZOP (Hazard and Operability) Method
American Petroleum Institute (August 2009). Analysis of U.S. Oil Spillage. p26