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We have over 420 essays for "Risk Mitigation"

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Risk Minimization and Loss Prevention

Words: 16256 Length: 59 Pages Document Type: Term Paper Paper #: 44399316



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…… [Read More]

Bibliography

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.
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Risk Management and Activation of

Words: 2940 Length: 10 Pages Document Type: Research Proposal Paper #: 94010613

The other criteria to be used in the selection of the institutions of higher learning are their length of existence and size.

Data collection plans

Data is to be collected using questionnaires and triangulation is to be used in the process. This means that both qualitative and quantitative techniques of data collection are to be used in order to increase the chances of getting valid results (Jick, 1979).

The following sources of information will be consulted;

Academic journals such as Library Review, Update, Library Trend and Program

Online databases and gateways such as BIDS, OCLC, BUBL, OMNI, ProQuests, Academic Complete and EBSCOHOST

Regulatory bodies

Online journals

Books that are relevant to the research and trends in the sector of higher education

Quantitative data collection

Quantitative data is to be collected using questionnaires that are to be administered to the respondents in a six-month period. The questionnaires are appropriate instruments for…… [Read More]

Works Cited

Beach v. Univ. Of Utah (1986) 726 P.2d 413, 415 (September 26, 1986)

See Beach v. Univ. Of Utah [1986] 726 P.2d 413, 415 (Utah 1986)
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Importance of a Risk Management Plan

Words: 943 Length: 2 Pages Document Type: Case Study Paper #: 39445974

isk Management on a Satellite Development Project

Enrolling a project requires risk assessment and management at various levels of implanting a project. This is based on the knowledge that quality of risk management determines the performance and outcome of the project. In any case, the Project Management Office (PMO) is mandated to spearhead a risk assessment and management plan. isk management blueprints will later be implanted to each department. This analysis attempts to vindicate the role risk management in explaining the quality of output of this project. The commencing document is structured in two main parts. Firstly, a critical assessment on the fundamentality of risk. Secondly, the document will analyze the role of the team in responding to risk management stipulated by the PMO office (Charrel & Galarreta, 2007).

Issues arising from the lack of a risk plan.

Absence of a risk management plan would have affected this project negatively.…… [Read More]

References

Charrel, P., & Galarreta, D. (2007). Project management and risk management in complex projects studies in organizational semiotics. Dordrecht: Springer.

Dar, M. (2013). Operational Risk Management, Risk Management Approaches, and Risk Mitigation Techniques: Challenges Faced By Islamic Financial Services. IOSR Journal of Business and Management, 11(2), 72-79

Kerzner, H. (2013). Project management a systems approach to planning, scheduling, and controlling (Eleventh ed.). Hoboken, N.J.: Wiley.

Kloppenborg, T.J. (2012). Contemporary project management: organize, plan, perform (2nd ed.). Mason, Ohio: South-Western Cengage Learning.
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Starbucks Risk Analysis and Mitigation

Words: 3027 Length: 10 Pages Document Type: Essay Paper #: 80507446

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…… [Read More]

References

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  http://www.investopedia.com/university/risk/risk2.asp 

MSN Moneycentral (2016). Starbucks Corp. Retrieved April 17, 2016 from  http://www.msn.com/en-us/money/stockdetails/financials/fi-126.1.SBUX.NAS?ocid=qbeb
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Health Care and Stakeholder Risk

Words: 669 Length: 2 Pages Document Type: Essay Paper #: 44754670

Risk Management Plan

The nursing shortage is a well-known problem in many segments in the health care industry. It can often difficult to find a sufficient supply of well-trained nurses sufficient to meet staffing requirements. Nurses are a vital part of the health care system, and a shortage of trained nurses can leave the hospital vulnerable, and due to the shortage of staff there is often a heavier workload expected from the existing employees. One of the major concerns about the shortage of nurses and the consequent workload on the serving nurses and staff is that it can ultimately effect the maintenance of safety practices in the organization. This in turn, can leave the organization perpetually in a state of risk. Overworked nurses, or nurses who have to attend to an increased number of patients, often have to make sacrifices and cannot give adequate attention to each patient as is…… [Read More]

Works Cited

Jones, T. (2015). A Descriptive Analysis of Implicit Rationing of Nursing Care: Frequency and Patterns in Texas. Nursing Economics, 144-154.

Papastavrou, E. (2013). The ethical complexities of nursing care rationing. Health Science Journal, 346-348.

Schmidt, S. (2007). The Relationship Between Satisfaction with Workplace Training and Overall Job Satisfaction. Human Resource Development Quarterly, 481-498.
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Analyzing Discussion on Risk Analysis

Words: 675 Length: 2 Pages Document Type: Essay Paper #: 88063352

isk Analysis

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…… [Read More]

References

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

S16.

Shangquan, G. (2000). Economic globalization: trends, risks and risk prevention. Economic & Social Affairs, CDP Backround Paper, (1).
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Risk Workshops Allow for a Strong Modeling

Words: 605 Length: 2 Pages Document Type: Essay Paper #: 33201220

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.

Section 1C

When disaster strikes in the middle of a…… [Read More]

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Mitigation Plan for Global Warming

Words: 1863 Length: 6 Pages Document Type: Thesis Paper #: 43084157

The concepts of "green houses," and "green jobs" are more and more utilized in everyday's conversation and the media has already made people aware of some of the benefits of using alternative sources of energy such as solar energy. The short and medium term benefits lie not only in the relatively short period of depreciation of such an investment, but also in an increase in the quality of life of those depending no longer on a source that is pollutant as well as not renewable. I will also appeal to the advantages provided by this alternate source of energy in terms of international politics and economies. Using the immense potential of alternative energy resources our country provides us, we could become less dependent on foreign oil, thus less influenced by the foreign politics and fluctuations in the oil prices on the international market.

United States Environmental Protection Agency. Climate Change.…… [Read More]

Victor. D.G. The Collapse of the Kyoto Protocol and the Struggle to Slow Global Warming. Princeton University Press, 2001. viii

Victor. D.G. The Collapse of the Kyoto Protocol and the Struggle to Slow Global Warming. Princeton University Press, 2001. viii

Idem. 29
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Risk Management Plan A& d High Tech Introduction

Words: 2418 Length: 9 Pages Document Type: Essay Paper #: 65638900

isk Management Plan

A&D High Tech

Introduction to the Plan

Company Background

isk Planning

Charter, Scope, Plan, and WBS

Scope of the isk Management Plan

102.2 isk Management Plan Components

112.3 esponsibility

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

isk Matrix

144.1 Major and Minor isks for the isk Matrix

144.2 isk Matrix Template

144.3 eviews

Corrective Action and Monitoring

155.1 Type of Corrective isk Management

155.2 Corrective Plan

155.3 Corrective Action for isks

Evaluation

Section 6 -- esults, Conclusion, and Follow-Up

156.1 esults

166.2 Conclusion

166.3 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…… [Read More]

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Risk of Climate Change Implications for Architects and Engineers

Words: 6494 Length: 25 Pages Document Type: Research Paper Paper #: 63054256

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

Theories

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…… [Read More]

Bibliography

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
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Risk Management Consultant Proposal Event The Global

Words: 756 Length: 2 Pages Document Type: Essay Paper #: 62476002

isk Management Consultant Proposal

Event: The Global Event for Biotechnology in Chicago, Illinois

Event Description

In brief, this event will bring together professionals from not only the academia but also from government and the industry. The convention will in this case provide participants with a unique opportunity to explore, describe, and probe the various global challenges we are faced with today, and the most appropriate measures that can be adopted to rein in the said challenges.

isk Assessment

isk assessment in the words of Dampsey (2007) "is the process of identifying potential areas of security and loss, and the development and implementation of effective measures or countermeasures to deal with these problems." This particular risk assessment for the aforementioned event will take into consideration not only the hazards but also the nature of risks, and the measures that should be taken to control them. In this particular case, a hazard…… [Read More]

References

Dampsey, J.S. (2007). Introduction to Private Security. Belmont, CA: Thomson Higher Education.

Wells, G. (1996). Hazard Identification & Risk Assessment. Rugby, Warwickshire: Institute of Chemical Engineers.
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Risk Management Strategy for Terrorism in the UK

Words: 3058 Length: 8 Pages Document Type: Essay Paper #: 59310984

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…… [Read More]

References

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.
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Credit Risk in Banking in Agreement With the Basel Accords

Words: 13816 Length: 50 Pages Document Type: Thesis Paper #: 65664414

Credit isk Management

Banks are an important part of the economy of any nation. Traditionally, the banks operate as financial intermediaries serving to satisfy the demand of people in need of various forms of financing. Through this, banks enable people to purchase home and businesses to expand. These financial institutions therefore facilitate investment and spending that are responsible for fueling the growth of the economy. In spite of their vital role in the economy, they are nevertheless prone to failure and just like other types of businesses, they also go bankrupt. Unfortunately, the failure of banks can have many and significant implications than any other type of business. As witnessed during the great depression, and in recent times following the global economic crisis and recession, the stability or lack of it in the banking system could trigger economic epidemics that would impact millions of people. With respect to this, it…… [Read More]

References

Bank for International Settlements (BIS). (2001). Consultative Document -- Overview of The New Basel Capital Accord. Basel Committee on Banking Supervision.

Basel Committee on Banking Supervision (1988) "International Convergence of Capital Measurement and Capital Standards" (www.bis.org/publ/bcbs04A.pdf).

Benston, G.J. (1998) "Regulating Financial Markets: A Critique and Some Proposals." Hobart Paper no. 135. London: Institute of Economic Affairs.

Blundell-Wignall, A., Atkinson, P. And Roulet, C. (2013). Bank Business Models and the Basel System: Complexity and Interconnectedness. OECD Journal: Financial Market Trends, Issue 2.
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Kitchen Remodel Project Risk Management You Acquire

Words: 2090 Length: 8 Pages Document Type: Essay Paper #: 76739787

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…… [Read More]

References

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.
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Project Risk Analysis Football Match

Words: 930 Length: 3 Pages Document Type: Essay Paper #: 97432348

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…… [Read More]

References:

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
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Insider Trading Risk Assessment Insider

Words: 2321 Length: 5 Pages Document Type: Term Paper Paper #: 77584682

However, it would be safer to follow general policies that are being followed even now. This means that one should pass on published information to shareholders on the Internet as it would be simpler and less expensive to send. This may include information about quarterly results, monthly turnover, changes of directors, appointment of new sales agents, general trends of markets at certain times, etc. The question would still remain as to how many shareholders would be competent enough to use this information and the passing on of information may result for the clients as an exercise of garbage in, garbage out.

5. Discuss the legal boundaries, including privacy issues. What exceptions if any exist to allow for the use of such data? If they do not exist, how would you counter the privacy advocates concerns?

Some experts believe that privacy concerns will ultimately reduce the growth of the Internet generally…… [Read More]

References

Insider Trading" U.S. Securities and Exchange Commission. Retrieved at  http://www.sec.gov/answers/insider.htm . Accessed 15 October, 2005

Is Government needed to watch online markets?" (11 November, 2002) Harvard Business

School. Retrieved at  http://searchcio.techtarget.com/originalContent/0,289142,sid19_gci864459,00.html . Accessed 15 October, 2005

Ivancevich, Susan; Jones, Lucian. C; Keaveney, Thomas. (December, 2002) "Don't Run the Risk" Journal of Accountancy. Retrieved at  http://www.aicpa.org/pubs/jofa/dec2002/ivance.htm . Accessed 15 October, 2005
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Project Risk Management Risks Associated With Projects

Words: 2089 Length: 7 Pages Document Type: Essay Paper #: 41975326

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…… [Read More]

References

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),

435-446.
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It Risk Analysis Risk Is a Constant

Words: 783 Length: 3 Pages Document Type: Essay Paper #: 39822342

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…… [Read More]

References

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
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Sidpers Program Risk Management Plan Project Description

Words: 3288 Length: 12 Pages Document Type: Essay Paper #: 31038063

Sidpers Program isk Management Plan

Project description and Objectives

Project Scope

Project sizing

Stakeholder analysis

Project Manager (PM)

isk Manager

isk Analyst

The identified Sources of isk in the SIDPES Project

isk egister

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 &…… [Read More]

References

GAO (1990)Standard Installation/Division Personnel System (SIDPERS) Battalion S1 Level Procedures: Department of the Army Pamphlet 600 -- 8 -- 1

 http://www.gao.gov/assets/220/213101.pdf 

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
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Cemex'strategic Risk Management Cemex Strategic Risk Management

Words: 2151 Length: 7 Pages Document Type: Essay Paper #: 43024125

CEMEX:Strategic isk Management

CEMEX: Strategic isk Management

CEMEX is a leading producer of cement products. Headquartered in Monterrey, Mexico, CEMEX serves customers around the globe. Before the 1970s, CEMEX was a sleepy company, limited in scope to the domestic market, engaged in cement, mining, tourism and petrochemicals. ising through the ranks of the company his grandfather founded in 1906, CEO Lorenzo Zambrano focused the company on the world market for cement after divesting the non-core businesses. (Spieth, 2005)

isk Management as an Operational Competence

The single biggest risk to a company with a cement-only strategy is the requirement to commit substantial capital to factory-level plant and equipment, in the face of uncertain and fluctuating demand. This risk is heightened by the commoditization of the products and services which results in prices falling to the level of marginal cost during times when supply exceeds demand. Long-term, the natural ebb and flow…… [Read More]

References

Millman, Joel, December 11, 2008, Hard Times for Cement Man. Retrieved March 7, 2011 from  http://online.wsj.com/article/SB122894691555195919.html 

Lessard, Donald R. & Lucea, Rafel, May 2008, Embracing Risk as a Core Competence: The Case of CEMEX, MIT Sloan School and George Washington University.

Spieth, Scott, December 12, 2005, Cementing the Future: Hedging Foreign Currency Risk at CEMEX. Retrieved March 7, 2011 from  http://people.hbs.edu/mdesai/IFM05/Spieth
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Aviation Safety & Risk Management

Words: 1595 Length: 6 Pages Document Type: Term Paper Paper #: 79907062

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…… [Read More]

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
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Ford Motor Company Risk Assessment

Words: 883 Length: 2 Pages Document Type: Term Paper Paper #: 18779059

Protecting this proprietary pricing process is critical for the future of Ford's ability to win sales into the future. Ford Motor Company must focus on how to alleviate the many potential areas of pricing itself and pricing processes being compromised. What's needed is a risk management plan aimed at the dealer channel to alleviate the many financial risks to Ford Motor Company from trimmings its dealer ranks throughout the United States.

Ford's Need for a isk Management Plan

The risks specific to the isk Management Plan will include the following key sections, highlighting the need to manage risks by the probabilities of their occurrence, according to isk Management completed by the Department of Energy as it relates to best practices in risk mitigation and disaster recovery al;so apply to Ford Motor Company's dealer channel Department of Energy (2005). While specific to another industry the applicability of these key concepts are…… [Read More]

References

Carnegie-Mellon (1996) - Definition of Software Risk Assessment Concepts and Directions: -Retrieved from the Internet on October 15, 2006 at  http://www.sei.cmu.edu/pub/documents/96.reports/pdf/tr012.96.pdf 

Department of Energy (2006) - From the CIO's website for the U.S. Department of Energy, Retrieved from the Internet on October 15, 2006 at http://cio.doe.gov/ITReform/sqse/index.html

Risk Management (2005) - Acquisition and Program Risk Management Guidance - Volume 2: Chapter 4 -Retrieved from the Internet on October 15, 2006 at http://nasdocs.faa.gov/nasiHTML/risk-mgmt/vol2/04_ch_v2_01.html
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Corporate Risk Management New Horizons

Words: 620 Length: 2 Pages Document Type: Term Paper Paper #: 28678793

All personnel need to be fully informed regarding risk management, particularly in terms of disaster, terrorism, or other unknown factors. Employees and employers therefore need to maintain an open communication system, through which risk management occurs as a dynamic rather than static system. Management should for example provide workers with the opportunity to offer suggestions relating to the current risk management manual. These can be communicated via spoken or written communication. Such a measure provides the opportunity to establish mutual trust within the company, which is vital if risks are to be handled effectively once they occur.

Inherent and environmental risks can also be handled via communicating in this way. By trusting employees to provide accurate information regarding ongoing risk factors, the management of an organization also provides such employees with a sense of trust and perceived importance. Such employees can then be inspired to provide the company with their…… [Read More]

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Security Risk Assessment the Steps

Words: 676 Length: 2 Pages Document Type: Essay Paper #: 41710783

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.

Annotated ibliography

Campbell, G. (2010, What's state-of-the-art in…… [Read More]

Bibliography

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.
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Contract Risk

Words: 681 Length: 2 Pages Document Type: Essay Paper #: 88083628

Contracts involve risks. How could these risks be mitigated? Be sure to explain which role (or roles) on the project team within the performing organisation are responsible for identifying and remedying the results when said risks materialise.

A number of inherent risks are woven into certain projects: for example, if the project manager is not sufficiently on task and driven to ensure compliance or underestimates the needs of the project, the project may go over-budget and over time. Due to changes in the organization's leadership "priorities could change in the middle of the project, rendering some objectives moot and elevating previously discarded concerns" (Melbye 2013: 9). Failure of third parties and contractors may result in delays or impingements of quality. The IT department may not adequately support project needs with appropriate computer software, causing delays.

A contract can mitigate risk by a "narrative description of the deliverable and a sample…… [Read More]

References

Melbye, D. 2013. Mitigating risks in IT contracts. Available:

 http://www.gfoa.org/downloads/GFOAGFRdec12MitigatingRiskinITContracts.pdf 

[5 Dec 2013]
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Corporate Risk Management Insurance Currently

Words: 629 Length: 2 Pages Document Type: Term Paper Paper #: 5713896

Another alternative for companies with uninsurable risks is mutualization. However, this category of insurance carries further risks that may not be suitable for all companies. The main problem is that mutual insurers require participants to be from a homogenous population, making this alternative unviable for a variety of clients. Some companies are however working on overcoming such problems to make mutualization less problematic for their investors.

Some insurance companies now recognize the main concern of organizations for cash flow in the event of a major loss. These insurers then offer such organizations solutions that guarantee cash flow in the form of a possible loan alternative, which is then to be repaid at a later time, when the company has mitigated its loss. Cash flow insurance can then be based upon income factors such as future royalties or rental income, that are generally not shown on current income statements.

Captives are…… [Read More]

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Global Finance Inc Gfi IT Risk Assessment

Words: 2947 Length: 10 Pages Document Type: Term Paper Paper #: 46515639

GLOBAL FINANCE, INC. (GFI)

IT ISK ASSESSMENT PAPE

When it comes to the risk assessment of Global Finance, Inc. there were identified vulnerabilities that were occurring in the locations of Technical Security, Management, and Operational. Vulnerabilities at the company are looked at as being weaknesses that could possibly be oppressed by a group of threats or just threats in general. Basically, all of these vulnerabilities are able to be alleviated by safeguards that are recommended. These safeguards are security features and certain controls that, when included or added in the information technology environment, alleviate the risk that is connected with the operation to what are the manageable levels. However, a complete conversation of the vulnerabilities and suggested safeguards are discovered in this report. If the safeguards suggested in this risk assessment are not applied, the outcome could be alteration or damage of data, disclosure of sensitive information, or denial of…… [Read More]

References

Gregory, L.M. (2011). CISSP for Dummies. New York.

Krause, H.F. (2009). Information Security Management Handbook. New York City.

Risk Management: The Importance of Redundant Backups. (21, November 2012). Retrieved from Softlayer:  http://blog.softlayer.com/2012/risk-management-the-importance-of-redundant-backups
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Risk Management the Video Game Industry Forms

Words: 1408 Length: 4 Pages Document Type: Essay Paper #: 74808003

isk Management

The video game industry forms a significant part of the leading companies worldwide currently. The huge diffusion of the internet and associated information technologies over the recent years has raised the need of increased security. Advancement in technology consequently leads to the advancement of video games as well as associated security risks. Some of the common threats and vulnerabilities involving this industry include: misuse by human, hacking, fraud, virus attacks, among others. Such factors can facilitate adversities such as information loss and alteration, and unauthorized access. This paper identifies and assesses potential threats, malicious attacks, and vulnerabilities expected by the organization. It also gives the control procedures to mitigate the mentioned risks and vulnerabilities.

The Threats and Vulnerabilities

There are a number of dominant security threats involving technology and information that affect the organization. Such threats poise a serious disruption to the business continuity planning (BCP) cycle of…… [Read More]

References

Syed, R and Morh, S. (2011). IT Security Issues within the Video Game Industry. The International Journal of Computer Science and Information Technology. Vol. 3, No. 5.
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Risk Management in Top Cyber

Words: 1242 Length: 4 Pages Document Type: Term Paper Paper #: 65432854

80% of the vulnerabilities been discovered nowadays are from websites.

SQL injection occurs when an attacker uses SQL scripts to send information to the server by using the website forms and UL's. If, the website form data is not sanitized before been sent to the database it can lead to this attack. Without sanitization, an attacker can post any data they want directly to the database thus been able to access the information stored and alter the information if so desired. It is easy to make an SQL query, insert it into a form field with whichever parameters one desires and this would compromise the security of the website and its data. Using SQL injection, an attacker can capture sensitive information stored in the database like passwords or credit card details. To prevent this attack, the website developer will need to ensure that the website form fields do not accept…… [Read More]

References

Anandarajan, M. (2002). Profiling Web Usage in the Workplace: A Behavior-Based Artificial Intelligence Approach. Journal of Management Information Systems, 19(1), 243-266.

Cavusoglu, H., Mishra, B., & Raghunathan, S. (2004). The Effect of Internet Security Breach Announcements on Market Value: Capital Market Reactions for Breached Firms and Internet Security Developers. International Journal of Electronic Commerce, 9(1), 69-104.

Doerr, H.M., & Hecht, C.G. (1995). Navigating the Web. The Mathematics Teacher, 88(8), 716-719.

Hansen, L., & Nissenbaum, H. (2009). Digital Disaster, Cyber Security, and the Copenhagen School. International Studies Quarterly, 53(4), 1155-1175.
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Risk Assessment for Cybertrans Ltd

Words: 2782 Length: 10 Pages Document Type: Research Paper Paper #: 35153313



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…… [Read More]

References

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."
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Risk Resillience Concepts Operations Process Management Examine

Words: 1192 Length: 4 Pages Document Type: Case Study Paper #: 21925460

isk esillience" concepts Operations Process Management examine statement: Preventive maintenance viewed process maintaining "health" a machine. Using health care analogy, explain differences tradeoffs breakdown maintenance, preventive maintenance total productive maintenance, detailed case study required apply theory model concept.

Operations management

The importance of preventive maintenance

The emergent challenges facing economic agents have created a context in which the machineries and the equipments are no longer perceived as the primary source of income, nor as the operational focus of the economic agents. Today, entrepreneurs strive to attain their organizational goals through the satisfaction of the customer needs, through the motivation of the employees, through the pleasing of the community or through the creation of value for the shareowners.

In such a context, the emphasis placed on the purchase, replacement and functioning of the organizational machineries has decreased. But much like a paradox, despite the decreased investments in machineries, the company and…… [Read More]

References:

Roberts, J., 1997, Total productive maintenance, New Mexico State University,  http://engr.nmsu.edu/~etti/fall97/manufacturing/tpm2.html  last accessed on May 11, 2011

1999, MRC Bearings' TPM journey: from totally painted machines to taking pride in our machines, Maintenance Resources, http://www.maintenanceresources.com/referencelibrary/ezine/tpmcasestudy.htm last accessed on May 11, 2011

Business resilience, Janellis Business Consulting Services,  http://www.janellis.com.au/html/s02_article/article_view.asp?art_id=207&nav_cat_id=204&nav_top_id=77  last accessed on May 11, 2011

Preventive maintenance, Reliability Engineering Resources,  http://www.weibull.com/SystemRelWeb/preventive_maintenance.htm  last accessed on May 11, 2011
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Risks in a Brewery

Words: 518 Length: 2 Pages Document Type: Essay Paper #: 43994178

Risk Plan Outline Anheuser-Busch. Your Course Project assignment prepare a Risk Plan Outline give direction paper.

arly breweries

Survival in a constantly expanding business environment

Investing more finances in the first years of the enterprise

Liquor liability insurance

Having the market interested in the product

The right marketing company

The right retailer

The right attitude

Dealing with financial obligations correctly

Direct finances effectively and on time

Promote products depending on the amounts available

Concentrate on communicating with the market

Legal aspects of the business

Devising selling strategies depending on the states the company is selling its products in

Playing an active role in campaigns meant to promote moderation in drinking

c. Cooperating with the authorities

Worker safety

a. Making sure all workers are well-acquainted with regulations they need to follow

b. Having all machineries inspected on a frequent basis

c. Promoting a clean working environment

X. Devising strict risk tolerance…… [Read More]

Esslinger's book is a thorough account regarding the complete beer-making process and the numerous economic, marketing, and social elements that are involved in it.

Whaley, R.E. "Derivatives: Markets, Valuation, and Risk Management," (John Wiley & Sons, 26 Feb 2007)

This book relates to the relationship between market research and being in charge of a brewery. Risk management is essential in making it work properly and marketing is thus one of the most significant aspects of the whole brewing process.
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Risk Management the Field of

Words: 1197 Length: 4 Pages Document Type: Term Paper Paper #: 31232985

In terms of the management of the risk, this can be completed through either one or more of the following techniques: (1) mitigation of the risks; (2) transfer of the risk from one unit to the other, one project to the other and so on; (3) the acceptance of the risk; (4) the avoidance of the risks; (5) the communication of the risks and the search for risk management strategies, and last, (6) the implementation of the risk management strategies (Elky, 2006).

Once the company has decided to accept and mitigate the risk, it has several solutions to managing the risk. Steve Elky at the SANS Institute points out that there are at least five methods for risk management, namely the NIST methodology (National Institute of Standards and Technology), the OCTAVE methodology, the FAP methodology, the COBA methodology and the isk Watch methodology. The challenge at this level is for…… [Read More]

References:

Collier, P.M., Agyei-Ampomah, S., 2009, CIMA official learning system performance strategy, 6th edition, Elsevier

DuBrin, A.J., 2011, Essentials of management, Cengage Learning

Elky, S., 2006, An introduction to information system risk management, SANS Institute,  http://www.sans.org/reading_room/whitepapers/auditing/introduction-information-system-risk-management_1204  last accessed on July 10, 2012

Cobit 5: a business framework for the governance and management of enterprise IT, ISACA  http://www.isaca.org/COBIT/Pages/default.aspx  last accessed on July 10, 2012
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Risk and Vulnerability Analysis

Words: 692 Length: 3 Pages Document Type: Research Paper Paper #: 78500849

Threat Identification

The threats

How the threats are detected

Ever since the September 11, 2001 terrorist attacks, businesses have had to critically rethink on the level of adequacy of their disaster recovery arrangements in relation to their business continuity plans as noted by Lam (2002,p.19). The September 11, 2001 tragedy effectively highlighted the importance for organizations to continue with their commercial operations even under the most exceptional of circumstance. My business which has a considerable e-commerce operation is particularly vulnerable to the IT related threats. It is therefore crucial that these threats be identified and eliminated or mitigated before they result to loss of revenue.

In my business, I face several threats. However, the ones that I consider most dominant are technology threats and information threats. These threats can cause a major disruption to the to business continuity planning (BCP) cycle. Technology threats include natural disasters like fire and flooding,…… [Read More]

References

Lam, W (2002).Ensuring Business Continuity. IT Pro. Available online at http://paul-hadrien.info/backup/LSE/IS%20490/Ensuring%20Business%20continuity.pdf Accessed on 3/5/2012

Snedaker, S (2007). The Best Damn IT Security Management Book Period. Syngress
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Risk Management and Mitigation Strategies at Rana Plaza

Words: 3177 Length: 10 Pages Document Type: Essay Paper #: 85483251

Audit Management DQ

Consider the governance of the company owning ana Plaza and describe the regional expectations as well as best practice in this area and the benefits that adoption brings. Evaluate the governance of ana Plaza during and after the collapse of the building against these and explain how this helped or hindered ana Plaza.

The management of ana Plaza failed to ensure employee safety. In such a case, workers and suppliers equate the weakest points in relation to conditions of order and input dependency, footloose sourcing practices, and hand-to-mouth contracting. One of the incidents that happened in 2013 at Sadia Garments Ltd. saw new unionized workers facing aggressive campaigns on factory management (Ayres, 2014). Workers faced threats of violence while lead organizers were sent death threats. Later, one factory supervisor attacked the Union General Secretary for Sadia Garments with a pair of scissors while demanding for the resignation…… [Read More]

References

Ahmed S. & Lakhani, L. (2013). Bangladesh Building Collapse: An End to Recovery Efforts, a Promise of a New Start. CNN. Retrieved November 10, 2014 from  http://www.cnn.com/2013/05/14/world/asia/bangladesh-building-collapse-aftermath/index.html?iref=allsearch 

Ayres, A. (2014). A Guide to the Rana Plaza Tragedy, And Its Implications, In Bangladesh. Forbes. Retrieved November 10, 2014 from  http://www.forbes.com/sites/alyssaayres/2014/04/24/a-guide-to-the-rana-plaza-tragedy-and-its-implications-in-bangladesh/ 

BBC Bengali Service (2013). Bangladesh factory collapse toll passes 1,000. BBC Bengali Service. Retrieved November 10, 2014 from  http://www.bbc.com/news/world-asia-22476774 

Benettongroup.com (2014). Benetton Group Backs an Initiative In Support Of the Victims of Rana Plaza and Their Families. Benettongroup.com. Retrieved November 10, 2014 from  http://www.benettongroup.com/archive/press-release/benetton-group-backs-initiative-support-victims-rana-plaza-and-their-families
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Disaster Recovery Risk Management

Words: 1240 Length: 4 Pages Document Type: Essay Paper #: 24342097

isk Management: Disaster ecovery

In essence, disaster recovery has got to do with protecting an organization against events of a negative nature and their effects/impact. Such events include, but they are not limited to, failure of equipment, serious cyber attacks, and natural disasters such as hurricanes and earthquakes. All these put the operations of the organization at risk. This text concerns itself with practical risk management. In so doing, it will, amongst other things, address the need for disaster recovery and highlight the key components of a disaster recovery plan.

The Need for Disaster isk Management

The relevance of disaster risk management cannot be overstated. This is particularly the case given that disasters put the continued operations of an enterprise at risk. It is important to note that in the past, many businesses have had to contend with huge losses when disasters strike. This is more so the case when…… [Read More]

References

Doig, J. (1997). Disaster Recovery for Archives, Libraries and Records Management Systems in Australia and New Zealand. Wagga, NSW: Center for Information Studies.

EC-Council. (2010). Disaster Recovery. Clifton Part, NY: Cengage Learning.

Rodriguez, R., Quarantelli, E.L. & Dynes, R. (Eds.). (2006). Handbook of Disaster Research. New York, NY: Springer Science & Business Media.

Snedaker, S. (2013). Business Continuity and Disaster Recovery Planning for IT Professionals (2nd ed.). Waltham, MA: Elsevier.
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Operational Risk Subway

Words: 1053 Length: 3 Pages Document Type: Research Paper Paper #: 45804456

isk Management

Operational risks tend to focus on employees, and finding ways to ensure that employees are not a source of reduction in the wealth of the company. Among the operational risks that were identified in Horcher (2005) were those related to training, fraud, theft, as well as managing exposures to certain risks that arise in the course of operations. There have been many examples of operational failures over the years. While most fraud is going to occur at the highest levels of the organization (i.e. Enron), in other companies operating issues have been the problem.

One such instance was with Subway, which faced a salmonella outbreak in the UK (Poulter, 2008) in a major outbreak, but has also faced similar situations in Canada (Mickleburgh, 2011), and the U.S. As well (Blau, 2012; Falkenstein, 2010). Food poisonings increase the risk of legal action that could devastate franchisees and can have…… [Read More]

References

Blau, R. (2012). Subway restaurants have been closed for health violations more than any other chain in the city. New York Daily News. Retrieved December 12, 2014 from  http://www.nydailynews.com/new-york/subway-restaurants-closed-health-violations-chain-city-article-1.1063271?localLinksEnabled=false 

CDC. (2014). Overview of attribution of foodborne illness. Center for Disease Control. Retrieved December 12, 2014 from  http://www.cdc.gov/foodborneburden/attribution/overview.html 

Falkenstein, D. (2010). Subway lawsuits and food poisoning claims. Food Poison Journal. Retrieved December 12, 2014 from  http://www.foodpoisonjournal.com/foodborne-illness-outbreaks/subway-lawsuits-and-food-poisoning-claims/ 

Horcher, K. (2005). Essentials of Financial Risk Management John Wiley & Sons: Hoboken, NJ.
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Strategies of Risk Identification and Mitigation

Words: 2643 Length: 8 Pages Document Type: Essay Paper #: 86203112

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…… [Read More]

References

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
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Analyzing the Risk Management

Words: 3962 Length: 10 Pages Document Type: Term Paper Paper #: 64888014

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…… [Read More]

References

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
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Miami Gardens' Hazard Mitigation Plan

Words: 1906 Length: 5 Pages Document Type: Research Paper Paper #: 71432039

City of Miami Gardens is vulnerable to natural hazards, particularly flooding because of the location of the area and extreme weather events like heavy rain. One of the major reasons for these extreme weather events that increase the likelihood of heavy rain and subsequent flooding is global climate change. Global climate change contributes to unprecedented weather incidents through which the earth cools and warms over geologic time. While the city has created canal systems and neighborhood drainage system to help in drainage of water during periods of heavy rainfall, the problem of flooding continues to persist. When flooding occurs, it leads to considerable business disruptions, power outages, and other negative impacts on the community.

A hazard scenario in this area would involve a series of storms that are characterized with heavy rains for several weeks. The city's weather department has issued warnings that the heavy rains will continue for several…… [Read More]

References:

"Flood Awareness." (n.d.). Miami Gardens. Retrieved from City of Miami Gardens, Florida

website:  http://www.miamigardens-fl.gov/flood/flood.html 

"Flood Emergency Response Plan." (2004). FM Global. Retrieved June 23, 2014, from  http://www.fmglobal.com/shamrock/p0589.pdf 

"Floor Risk Assessment." (2014, May). Floodplain Mitigation Plan. Retrieved from Town of Cutler Bay, Florida website:  http://www.cutlerbay-fl.gov/announcement/1403186000_DRAFT%20Floodplain%20Mitigation%20Plan_Cutler%20Bay%20Risk%20Assessment%20Section.pdf
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Enterprise Risk Management

Words: 940 Length: 3 Pages Document Type: Research Paper Paper #: 50879614

Enterprise isk Management

The difference between enterprise risk management and traditional risk management

Traditional risk management focuses on pure risks. In this context, pure risks are defined as risks involving losses or no losses. The condition of a pure risk does not allow for a favorable outcome than the current situation. Owning a home is a typical example of a pure risk. The home might be hit by an earthquake, burn down or be infected by insects. If none of these happens, then the owner will not be in a position for losses (Damodaran, 2008).

Traditional risk management focuses on pure risks because of various reasons. People who worked in the insurance field developed and taught the concept of risk management. The focus tends to be on risks, which insurers could be willing write. The job duties of some risk managers are limited to purchasing insurance as many other options…… [Read More]

References

Damodaran, A. (2008). Strategic risk taking: A framework for risk management. Upper Saddle River, N.J: Wharton School Pub.

Tonello, M., & Conference Board. (2007). Emerging governance practices in enterprise risk management. New York, N.Y: Conference Board.
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IT Planning Managing Risks of Large-Scale

Words: 674 Length: 2 Pages Document Type: Essay Paper #: 58065810

IT Planning

Managing isks of Large-Scale IT Projects

Designing and implementing an effective online national learning system that can scale to securely support 30,000 employees across Colorado, Illinois, Florida and Texas in addition to supporting advanced professional development applications, calendaring, data uploads and downloads and social media is fraught with risks. There are many potential risks to this system both at the user adoption and technology-related levels. The intent of this analysis is to list the most significant risks, followed by the defining of the top two. These two most significant risks will have a plan developed to mitigate their potential impact on the project. Empirical studies indicate that knowledge-based IT projects have the greatest risk in that they include the most amount of change management (Alhawari, Karadsheh, Talet, Mansour, 2012). With a system such as the one designed there is also the paradox of significant value being delivered while…… [Read More]

References

Alhawari, S., Karadsheh, L., Talet, A.N., & Mansour, E. (2012). Knowledge-based risk management framework for information technology project. International Journal of Information Management, 32(1), 50.

Ali, S., & Green, P. (2012). Effective information technology (IT) governance mechanisms: An IT outsourcing perspective. Information Systems Frontiers, 14(2), 179-193.

Besner, C., & Hobbs, B. (2012). The paradox of risk management; a project management practice perspective. International Journal of Managing Projects in Business, 5(2), 230-247.

de Bakker, K., Boonstra, A., & Wortmann, H. (2012). Risk managements communicative effects influencing IT project success. International Journal of Project Management, 30(4), 444.
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Managing Risks in Healthcare

Words: 1021 Length: 3 Pages Document Type: Essay Paper #: 66500622

Healthcare Management

isk management in healthcare organizations includes activities that integrating the recognition of risks, assessments of risks, coming up with strategies to be used and mitigation of these risks that have been identified. The focus on this paper is how to proactively prevent risks in healthcare organizations. The area of focus in financial risk management is risks that are managed using trade financial instruments such financial management systems, appropriate EM, coding, billing, collections, general accounting, budgeting, expense management, managed care contract strategy and vendor relations processes. isks are unavoidable and are present in every human situation .T he most common concept that appears in all definitions of risks is the uncertainty of the outcomes involved in the risks. Due to the uncertainty of the nature of risks the healthcare systems should have proactive measures in place to ensure that these risks are prevented and do not take place at…… [Read More]

References

University of California (2008). Ways to Reduce Risk. Retrieved March 24, 2014 from http://map.ais.ucla.edu/go/1000570

ECRI Institute ( 2010). Sample Risk Management Plan for a Community Health Center Patient Safety and Risk Management Program. Retrieved March 24, 2014 from http://bphc.hrsa.gov/ftca/riskmanagement/riskmgmtplan.pdf

Berg H., (2010). Risk Management: Procedures, Methods and Experiences. Retrieved March 24, 2014 from  http://gnedenko-forum.org/Journal/2010/022010/RTA_2_2010-09.pdf 

The World Bank Group, (2014).Better Risk Management Can Unlock Opportunities, Prevent Crises, and Protect Poor amidst Disasters and Shocks, Says World Bank . Retrieved March 24, 2014 from  http://www.worldbank.org/en/news/press-release/2013/10/06/better-risk-management-unlock-opportunities-prevent-crises-protect-poor-amidst-disasters-shocks
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Sport Stadium Risk Assessment Sport Venue Management

Words: 1421 Length: 5 Pages Document Type: Essay Paper #: 80649408

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…… [Read More]

Bibliography

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 .
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Energy Conservation Mitigation Strategies and

Words: 2216 Length: 6 Pages Document Type: Thesis Paper #: 27204905



Bibliography

Ecological Preservation at the Hart of Dynamic Boca de Iguanas Development (2008) St. Michael Strategies (SMS) Press Release. PR.com online available at http://www.pr.com/press-release/35513

Jeffrey Chow, Raymond J. Kopp, Paul R. Portney. (2003). Energy resources and global development. Science, 302(5650), 1528-31. Retrieved September 5, 2008, from Research Library database. (Document ID: 490116241).

Mattson, K.M., and Angermeier, P.L. (2007) Integrating Human Impacts and Ecological Integrity into a Risk-Based Protocol for Conservation Planning Journal of Environmental Management Vol. 39, No. 1 Jan 2007. Online available at http://www.springerlink.com/content/t13674l78j31jq05/

Maximizing building performance: through environmental strategies (2003) Buildings 1 July 2003. Online available at http://www.allbusiness.com/operations/facilities/601308-1.html

Negative Secondary Impacts from Oil and Gas Development (nd) the Energy & Biodiversity Initiative. Online available at http://www.theebi.org/pdfs/impacts.pdf

Santopietro, George D. (2005) Raising Environmental Consciousness vs. Creating Economic Incentives as Alternative Policies for Environmental Protection Journal; Journal of Economic Issues, Vol. 29, 1995. Excerpt online available at http://www.questia.com/googleScholar.qst?docId=5000322449

APPENDIX 'A'…… [Read More]

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Hazard Mitigation and Preparedness

Words: 3869 Length: 15 Pages Document Type: Term Paper Paper #: 1180867

Hazard Mitigation and Preparedness (U.S. Federal Programs: Advantages and Disadvantages)

The confrontations and prospects for the reduction of hazards/disasters have never been greater than in the current period. In theory, the challenge is to do away with all disasters that cause the loss of life or injury to people along with the property and environment damage. On the other hand, such a goal is not possible to achieve practically. Although it is possible to avoid certain risks but the elimination of environmental hazards seems to be an idealistic task (Smith, 2004, p. 268).

The evidence signals that there is a need to do more today for tomorrow. Though investment in hazard mitigation has increased, there are few signs that show the effectiveness of the sustainability plans. In United States of America, several plans are outlined that have lessened the number of casualties and scale of destruction (Smith, 2004, p. 268).…… [Read More]

References

About FEMA. (2011, November 14). In FEMA. Retrieved November 28, 2011, from  http://www.fema.gov/about/index.shtm 

"About the National Dam Safety Program." (2010, August 11). Retrieved December 09, 2011 from  http://www.fema.gov/plan/prevent/damfailure/ndsp.shtm 

Bernard, E.N. (2005). The U.S. National Tsunami Hazard Mitigation Program: A Successful State -- Federal Partnership. Springer, 35, 5-24. Retrieved December 07, 2011 from http://www.hawaiistateassessment.info/library/Hawaii_Coastal_Hazards/Document_Library/GENERAL MITIGATION/Bernard USA Tsunami Mitigation.pdf

Edwards, F.L., & Afawubo, I. (2008). Show Me the Money: Financial Recovery after Disaster Professional Emergency Management, Physical Mitigation, Public Education, and Financial Assistance Can All Lessen the Impact of Post-Disaster Community Recovery Costs. The Public Manager, 37(4), 85+. Retrieved December 9, 2011, from Questia database:  http://www.questia.com/PM.qst?a=o&d=5035928141
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Kitchen Remodeling Project Mitigating Future Risks Please

Words: 2494 Length: 9 Pages Document Type: Essay Paper #: 12987316

Kitchen emodeling Project: Mitigating Future isks

Please Betty You initiating assembly risk opportunity plan. The plan finalized reflection impact risks opportunities identified addressed activity 7. Your challenge activity review template basic portions risk opportunity plan omissions errors, oversights.

In order for the kitchen remodeling project to succeeds, there is need to ensure there if effective risk management in order to guarantee an increase in the opportunities available and that risks that arise are mitigated to reduce their effects on the project Beans, 2011.

The type of risk, degree of impact of the risk, likelihood of the risk, prioritization of the risks, tasks that have been effected to date, and mitigation strategies for the risk are important in developing the final risk management plan. This helps to ensure the project manager understands all that is expected and foreseen for the project and also that they develop an effective strategy for any…… [Read More]

References

Alviniussen, A., Jankensgard, H., & forskning, L. u. I. f. e. (2009). Enterprise Risk Budgeting: Bringing Risk Management Into the Financial Planning Process. Lund, Sweden: Lund Institute of Economic Research, Lund University.

Banaitien?, N., Banaitis, A., & Norkus, A. (2011). Risk management in projects: peculiarities of Lithuanian construction companies. International Journal of Strategic Property Management, 15(1), 60-73. doi: 10.3846/1648715X.2011.568675

Beans, K.M. (2011). Operational Risk Management: Sorry, There's No 'Easy Button'. The RMA Journal, 07(01).
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Emergency Manager How Does Mitigation

Words: 1394 Length: 4 Pages Document Type: Term Paper Paper #: 53100335

("Lessons from New Orleans," 2005, pg. 58)

The idea behind relying on ones self to provide a backup plan for communication is only truly realized when mitigation occurs. The infrastructure of the local, state and federal governments may seem strong, but the idea that individuals and individual organizations will have less to deal with in quantity, when it comes to meeting people's immediate needs in a disaster, and can therefore ensure a better quality of response is one that all emergency managers should learn from this particular mitigation situation. Communication is key to ensuring a reduced loss of life as well as resources. One lesson learned was that the most successful of organizations in the process of communication, in the Katrina disaster were those that recognized that people came first and property second, as the largest asset of any business or region is the people who are employed by it…… [Read More]

References

Baum, K. (2003, September). Austin's Integrated Homeland Security Approach. Public Management, 85, 28-37.

Lessons from New Orleans. (2005, November). Security Management, 49, 58-62.

Mileti, D.S. (2004) Disaster By Design: A Reassessment of Natural Hazards in the United States. Washington DC: Joseph Henry Press.

Storm Forces Officials to Rethink Plans for Elderly. (2005, September 12). Sarasota Herald Tribune, p. A1.
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Disaster Mitigation Act of 2000

Words: 312 Length: 1 Pages Document Type: Term Paper Paper #: 37391801

(NCDEM, 2000)

Due to the Act North Carolina implemented a program known, as Advance Infrastructure Mitigation (AIM).It is a program designed to assist North Carolina's counties develop an infrastructure mitigation plan. This plan is now a requirement for counties following adoption of the Disaster Mitigation Act of 2000 by Congress and Senate Bill 300 an Act to Amend the Laws egarding Emergency Management, by the North Carolina General Assembly. (NCDEM, 2000)

This act helped insure that everyone is making viable efforts towards having emergency plans in place, by implement consequences for failure to comply with these regulations gives further support, and stresses the importance of having a current plan in place.

eference

North Carolina Division of Emergency Management (2000). Disaster Mitigation Act of 2000. etrieved June 16, 2007, at…… [Read More]

Reference

North Carolina Division of Emergency Management (2000). Disaster Mitigation Act of 2000. Retrieved June 16, 2007, at http://www.dem.dcc.state.nc.us/PA/dma_2000_detail.htm
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Torts and Risk the First

Words: 979 Length: 3 Pages Document Type: Research Proposal Paper #: 86605766

A related case of Toxic Torts occurred in East Anglia, where chemicals from a factory seeped into a dam (Barcelona Field Studies Centre, 2009).

The best risk management method is prevention. While Alumina's current situation is somewhat dire, the company can learn from its mistakes and attempt to prevent the same thing from occurring in the future. One measure that can be taken in this regard is to fully assess the current situation in terms of the amount of danger caused, the amount of people affected, and the mitigation measures necessary to eliminate the health risk. A cost analysis should also be conducted to quantify the financial risk, especially in the future (.

The risk of public image can be mitigated by taking the option of settlement via arbitration or mediation. Alumina's guilt and wrongdoing cannot be denied. Being subjected to a court battle that will probably be lost is…… [Read More]

References

Barcelona Field Studies Centre. (2009). Donana National Park: Causes and Effects of Toxic Waste Pollution.  http://geographyfieldwork.com/DonanaCauses.htm 

Landlin, David C. (2005, Aug.). Current Trends in Toxic Tort Litigation. Risks Management Magazine. Retrieved from  http://www.hunton.com/files/tbl_s47Details%5CFileUpload265%5C1238%5CLandin_Toxic-tort.pdf
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Manpad Mitigation System Should Be

Words: 695 Length: 2 Pages Document Type: Essay Paper #: 59221178

Airports need to also have a well-trained MANPAD threat response team that is familiar with combating MANPAD type weapons and tactics. This team needs to have the ability to respond quickly and effectively to any terrorist threat, with emphasis on MANPAD threats and attacks. Even after a MANPAD attack occurs, those in the aircraft as well as those on the ground need to understand how to respond effectively to reduce the possibility of further damage or attacks.

2 ?" Examine the issue of planning the airport of the future in terms of minimizing the MANPAD threat. It is far easier to build systems into new designs than it is to attempt to modify existing ones.

Since large airports are relatively costly and require permanent structures, it is much easier to build anti-MANPAD systems and strategies into new airports than it is to attempt to modify older, existing airports. Existing airports…… [Read More]

References

Federal Aviation Administration. (2007). National Strategy for Aviation Security.

Federal Aviation Administration. (2007). Aviation Transportation Security Plan.

Transportation Security Administration. (2006). Recommended Security Guidelines for Airport

Planning, Design, and Construction.
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LNG Process Risk Safety Modeling

Words: 5099 Length: 20 Pages Document Type: Thesis Paper #: 33540708



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

Construction damage

LPG or Diesel

Diesel pump fire involving equipment brittle fracture valve Leaks

Welding failure welding casting failure

Mechanical overstressing of equipment Vibration

pump Corrosion

joint Erosion

Failure due to external loading or impact

Internal Explosion

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…… [Read More]

References

Acutech Consulting (2009). The HAZOP (Hazard and Operability) Method

http://www.acusafe.com/Hazard_Analysis/HAZOP_Technique.pdf

American Petroleum Institute (August 2009). Analysis of U.S. Oil Spillage. p26

http://www.api.org/Newsroom/safetyresponse/upload/Analysis_us_oil_spillage.pdf.
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Accountability for Dangerous Mitigation Efforts

Words: 698 Length: 2 Pages Document Type: Research Paper Paper #: 59545729

Accountability for Dangerous Mitigation Efforts

When the Chernobyl nuclear accident took place, the response framework was nowhere near what it should have been. As such, many people died and many others became sick in later years from the effects of the radiation to which they had been exposed (Cheney, 1995). The main reason behind so much sickness and death was that the workers at the nuclear plant did not recognize or acknowledge the severity of the incident. Even with pieces of the reactor lying on the ground around them, they still felt that they could still pump water into the reactor and stop any further problems (Medvedev, 1991). In the meantime, there was so much radiation being released that the workers who were in the plant ended up dying within days from the heavy doses of radiation they received. They did not put on protective gear. Some of the workers…… [Read More]

References

Cheney, G.A. (1995). Journey to Chernobyl: Encounters in a Radioactive Zone. Chicago: Academy.

Medvedev, G. (1991). The Truth About Chernobyl. VAAP. New York: Basic Books.
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Corporate Risk Management Terrorist Attack

Words: 727 Length: 2 Pages Document Type: Term Paper Paper #: 48919964

When the risk is significant, this should be quantified against the risk of not entering the specific country in terms of expansion. When the risk is acceptable, stringent measures, including organizational arrangements, engineering control, and research and development, need to be taken. Research and development are particularly important, as mitigation measures can then be implemented that are particularly targeted towards the measure of possible terrorist attack for the country involved. Reducing the likelihood of terrorist attack can in certain cases be a better response to terrorist threat than avoidance, as it mitigates many of the additional risks involved in the latter.

Thirdly, reducing the consequences of terrorist attacks is a retrospective approach. This is done by measures such as contingency planning, recovery plans, design features, surveillance, and the like. uch measures are best implemented by learning from the past experiences of terrorist attacks on the company involved, or indeed from…… [Read More]

Sources

Campion, Kevin. 2002, Nov. 15. Integrating Terrorism Risk Management with the Federal Terrorism Program. Benfield Blanch, Inc.  http://www.benfieldgroup.com/NR/rdonlyres/2319B84C-7C18-4280-B057-839E6F0243D5/0/11_02BB.pdf 

Gould, Nathan C. 2004, July. Managing Terrorism Risk. ABS Consulting.  http://www.irmi.com/Expert/Articles/2004/Gould07.aspx 

Parachini, John. 2000, Jul. 26. Combating Terrorism: Assessing Threats, Risk Management, and Establishing Priorities. Center for Nonproliferation Studies.  http://cns.miis.edu/pubs/reports/paraterr.htm
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Corporate Risk Management - Hindrance

Words: 632 Length: 2 Pages Document Type: Term Paper Paper #: 84375469

Internal entities therefore bear the burden of the company's interest, making the risk identification process subjective, and compromising it to the eventual disadvantage of the company. Here also it is advisable that entities from the outside be involved in the process.

The risk quantification process refers to assessing the scale of severity in the risks identified. When a risk is identified, resources need to be allocated in order to mitigate it. Severe risks will therefore require a greater amount of resources, while lower severity also means lower priority. Quantification therefore results in prioritizing. This is a process that can then mitigate the financial resources necessary for preventing the risk factors involved.

In the quantification process, however, ambiguity and subjectivity are also detrimental factors. Ambiguity for example means that there is uncertainty regarding which priority to assign to which levels of risk. Once again, subjectivity works in concomitance. Internal risk teams…… [Read More]

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Operational Risk

Words: 703 Length: 2 Pages Document Type: Research Paper Paper #: 17633702

Operational isk

An organization's "operational risk" is not something that can be avoided. It arises simply because the organization is in operation (i.e. doing business). Despite the fact that the risk cannot be removed, there are ways in which it can be minimized or mitigated (Alexander & Sheedy, 2005). These ways generally come from establishing controls that work well with the organization and its operations. The key is to avoid being too restrictive while still ensuring that the most important areas of the organization are protected and cared for properly (Alexander & Sheedy, 2005). One of the best ways to mitigate risk is through a good plan for business continuity. There are so many different types of operations risks that a business continuity plan must be very comprehensive. It should consider fraud, legal risks, environmental risks, and physical risks (Gorrod, 2004). By addressing all of them, the plan will be…… [Read More]

References

Alexander, C. & Sheedy, E. (2005). The professional risk managers' handbook: A comprehensive guide to current theory and best practices. PRMIA Publications.

Gorrod, M. (2004). Risk management systems: Technology trends (finance and capital markets). Basingstoke: Palgrave Macmillan.
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Project Risk Management

Words: 637 Length: 2 Pages Document Type: Term Paper Paper #: 20498941

Project Risk Management risk is defined as an uncertain event or condition that, if it occurs, will affect one's project objectives, targets, or goals. A risk may have a positive or a negative effect: it may help or hinder one's project. However, since there are usually far more things that are likely to go wrong with a project than are likely to go right, risk management deals with negative aspects. Risk management largely is the art of trying to prevent things going wrong with projects.

One must analyze the project objectives to determine what is, or is not, a risk. Every project is defined by its objectives - which is just another way of saying that every project is defined by what it is trying to achieve. Most projects have four key objectives. The objectives are as follows: (1) Functionality -- the characteristics or performance of the project deliverables; (2)…… [Read More]

Bibliography

Davion Systems, (2003). Project Risk Management - An Overview. Accessed on September 11, 2003, at  http://www.davion.com/index.html#top .
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Project Risk Management Planning the

Words: 805 Length: 2 Pages Document Type: Research Paper Paper #: 28773055



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.

The…… [Read More]

References

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