...Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest in redundancy Increase velocity in sensing and responding Create an adaptive supply chain community Present your response in the form of a three to four page, APA-style paper. BUS 631 Week 5 Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest...
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...MIT Sloan School of Management MIT Sloan School Working Paper 4933-11 Developing a Common Language About IT Risk Management George Westerman and Richard Hunter ©George Westerman and Richard Hunter All rights reserved. Short sections of text, not to exceed two paragraphs, may be quoted without explicit permission, provided that full credit including © notice is given to the source. This paper also can be downloaded without charge from the Social Science Research Network Electronic Paper Collection: http://ssrn.com/abstract=1979796 Electronic copy available at: http://ssrn.com/abstract=1979796 CENTER FOR Massachusetts INFORMATION Institute of SYSTEMS Technology RESEARCH Sloan School Cambridge of Management Massachusetts Developing a Common Language About IT Risk Management George Westerman and Richard Hunter June 2009 CISR WP No. 377 A version of this paper will be published as “Developing a Common Language About IT Risk,” IESE Insight, Issue 1, Second Quarter 2009: 21–27. © 2009 Massachusetts Institute of Technology. All rights reserved. Research Article: a completed research article drawing on one or more CISR research projects that presents management frameworks, findings and recommendations. Research Summary: a summary of a research project with preliminary findings. Research Briefings: a collection of short executive summaries...
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...Lab 2 Align Risk, Treats, & Vulnerabilities to COBIT P09 Risk Management Controls 1. Risk Factors a. Remote communications from home office (MEDIUM Risk) b. LAN server OS has known software vulnerability (HIGH Risk) c. User downloads an unknown e-mail attachment (HIGH Risk) 2. COBIT Risk Management * No. * Yes, the identified software vulnerabilities relate to risk context for both internal and external access. * Yes, the identified software vulnerabilities themselves are events that represent risk identification. Once identified, the event can be assessed for risk. * Yes, once risk events are identified (such as software vulnerabilities), they can properly assessed (quantitatively or qualitatively). * Yes, once the risk has been assessed (high, medium, low) the response that risk can be aligned appropriately. * No. 3. Vulnerability impacts a. Remote communications from home office (Confidentiality) b. LAN server OS has known software vulnerability (Integrity) c. User downloads an unknown e-mail attachment (Availability) 4. Effectiveness, Efficiency, Compliance, and Reliability 5. Mitigated and managed a. Remote communications from home office * Information – Medium Impact, Firewall, Keep up to date * Application – Low Impact, HTTPS for email websites, Make sure it is secured * Infrastructure – Medium Impact, Workstation must have malware and anti-virus detection, Keep up to date * People...
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...Primary Care Risk Management Assessment Gustav Viale University of Phoenix HCS/451 June 8, 2012 Nathanial Elam Primary Care Risk Management Assessment Within most industries risks are present. A health care entity is no different not excluded from risks and therefore needs certain risk management strategy steps in place. The following will detail information for a primary care clinic that has risk management protocol in force. The purpose of the risk management summary is to inform why risk management is used in the primary care clinic. The summary will explain key steps the organization uses to identify and manage risks. Second, the summary will identify three typical risks found within the clinic, next how these risks can negatively affect the organization and stakeholders. Finally education, training, and policies that help the organization mitigate risks. Primary care clinic The primary care clinic is the first level health treatment, diagnosis a consumer will need. This facility can establish a relationship for the provider and consumer who provide a long-term treatment plan and can reduce risks with continued care ("World Health Organization," 2011). Key step to identify risks A risk can occur internally, externally, or unexpected if not prepared for prior to the risk event. Possessing a plan and a means to resolve risks are important for the organization affected. Steps for the risk should be in place to help reduce the severity of the risk. Before key...
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...be successful, it is essential that the management team take steps to identify, access and manage risk. For many businesses, risk management has been identified as a way to thwart and reduce losses, as well as develop business performance. A collection of new tools have been introduced over the past few years to help measure enterprise risk. The Committee of Sponsoring Organizations of the Treadway Commission (COSO) has also played a major role in helping companies manage risk. COSO was formed in 1985 and is a U.S. private sector initiative whose major goal is to identify the different factors that lead to fraudulent activities such as fraudulent financial reporting and make recommendations to reduce the incidences. COSO established a variety of internal controls and criteria that companies and organizations can use to assess their control systems in order to manage risk. “In 2001, COSO initiated a project, and engaged PricewaterhouseCoopers, to develop a framework that would be readily usable by managements to evaluate and improve their organizations’ enterprise risk management” (COSO Executive Summary, 2004). Based on the many COSO recommendations of risk management, many companies and businesses have implemented enterprise risk management techniques within their organization. The goal of this paper is to summarize a plan to apply enterprise risk management for New Mexico Solutions. “The underlying principle of enterprise risk management is that every entity exists to provide...
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...Paula Abadía Risk management Companies in every part of the world are exposed to many different threats and unexpected things; these are called risks. Risks can be any factor affecting the performance of projects, and causing a negative effect on them. In order for companies to be successful, they should always take into consideration the process of risk management. Risk management is a logical process or approach that seeks to eliminate, or at least minimize the level of risk associated with a business operation. It ensures that an organization identifies and understands the risks to which it is exposed. This process also guarantees the creation and implementation of effective plans, to prevent losses or reduce the impact if a loss occurs. Risk management has five main steps. First, identify and analyze exposures. Companies need to asses not only key risk areas, but also every single risk area that can harm their business. Along with this step of identification and analysis, the likelihood and impact of the risks should be measured. Companies should rank risks in order of importance, before moving to the next step. The second step is examining risk management techniques. In this step, companies must develop all the possible options that can help to manage risks successfully. The third step is the selection of the risk management technique. The chosen technique must be based on the previous analysis that the company should have done, so that it is the best alternative for...
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...addressed in a risk management plan? A risk management plan documents the procedures for managing risk throughout the project and must address: Methodology – how will it be preformed on the project also what tools and data sources are available and appropriate. Roles and Responsibilities – who’s doing what task and providing deliverables related to risk management Budget and Schedule – estimated cost and schedule for performing the risk activities Risk Probability – how will each risk be dealt with and the impact of the risk Risk documentation – reporting formats and processes for risk management activities 5. Describe how to us a probability/impact matrix and the top ten risk item tracking approaches for performing qualitative risk analysis how could you use each technique on a project. Probability/impact matrix – lists the probability of a risk occurring and the impact of the risk. First they will list all risk that can come up during the project then they will rate them due to the probability of there chance to happen and on the impact they could have to the project. Then will put this in the chart in the respected places example high probability low impact or low probability high impact a total number of 9 squares can be filled in with these risks. You can use this technique on a project for example the software you use is the risk higher or lower then others what’s the probability and impact. Top Ten Item Tracking – qualitative risk analysis tool...
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...Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest in redundancy Increase velocity in sensing and responding Create an adaptive supply chain community Present your response in the form of a three to four page, APA-style paper. BUS 631 Week 5 Assignment Risk Management and the Supply Chain To Buy this Class Copy & paste below link in your Brower http://www.homeworkregency.com/downloads/bus-631-week-5-assignment-risk-management-supply-chain/ Or Visit Our Website Visit : http://www.homeworkregency.com Email Us : homeworkregency@gmail.com BUS 631 Week 5 Assignment Risk Management and the Supply Chain Risk Management and the Supply Chain. Discuss an example of how an unknown-unknown risk proved damaging to a supply chain. You are free to utilize any example and any organization of your choosing. Explain specifically how each of the following might have mitigated this risk: Invest...
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...Jim O’Brien Phase 3 Discussion Board – Project Risk Management MPM434-1204A-02 Contracts and Procurement Professor Christian Cheney No matter the size of a project, there are going to be risks associated with the project. Identifying risks early in a project can be critical to whether a project succeeds or fails. You can gain success for your project if you deal with project risks in a proactive manner. The result will be that you minimize the impact on the project and seize the opportunity to correct potential project road blocks (B. Jutte). All project plan need to include a risk management plan that is implemented early in the project and monitored throughout the life of the project (Risk Management Guide for DoD Acquisition). This discussion post asked us to identify four potential overall risks that could be experienced in the execution of our contract and procurement plan. The four major risks that could be experienced in the execution of my contract and procurement plan are: technical, schedule, production and cost. My contract and procurement plan is the development of a variable speed air refueling drogue to support tactical air refueling of rotary-wing and tilt-rotor aircraft by Air Combat Command and Air Force Special Operations Command C-130J tanker aircraft. Currently the tanker aircraft are configured with a either a low speed drogue for rotary-wing air refueling or a high speed drogue for tilt-rotor air refueling. Both of the commands want...
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...Tutorial and Lab 4 – SD3043 Risk management - security 1. What is risk management? Answer: Risk management is the process of discovering and assessing the risks to an organization's operations and determining how those risks can be controlled or mitigated. 2. List and describe the key areas of concern for risk management. Answer: Risk identification, risk assessment, and risk control. 3. Which community of interest usually provides the resources used when undertaking information asset risk management? Answer: The resources used when undertaking information asset risk management is usually provided by all three communities: Information Security, Information Technology and General Management. 4. In risk management strategies, why must periodic review be a part of the process? Answer: Periodic reviews must be a part of the risk management strategies because threats are constantly changing for a company. Also once any specific vulnerability is completely managed by an existing control it no longer needs to be considered for additional controls. 5. Why do networking components need more examination from an information security perspective than from a systems development perspective? Answer: Networking components need more examination from an information security perspective than from a systems development perspective because networking subsystems are often the focal point of attacks against the system. ...
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...Bank Use the Internet to research either TD Bank or Wells Fargo. Write a four to five (4-5) page paper in which you: 1. Determine what your selected organization would need to take into account when managing interest rate risk and the related impact it may have to business performance. 2. Examine how the bank’s risk management plan uses derivatives. If they don’t currently use derivatives, then assess whether or not this can be a valuable tool for them. Provide support for your rationale. 3. Examine how the bank’s risk management plan uses other hedging tools. If the bank does not currently use any of them, then assess whether or not these can be valuable tools for it. Provide support for your rationale. 4. Propose a major investment for the organization you selected. Support your recommendation with net present value, pertinent financial ratios, and break-even analysis. More Details hidden... Activity mode aims to provide quality study notes and tutorials to the students of FIN 410 WK 7 Assignment 3 Select a Bank in order to ace their studies. FIN 410 WK 7 ASSIGNMENT 3 SELECT A BANK To purchase this visit here: http://www.activitymode.com/product/fin-410-wk-7-assignment-3-select-a-bank/ Contact us at: SUPPORT@ACTIVITYMODE.COM FIN 410 WK 7 ASSIGNMENT 3 SELECT A BANK FIN 410 WK 7 Assignment 3 - Select a Bank Use the Internet to research either TD Bank or Wells Fargo. Write a four to five (4-5) page paper in which you: 1. Determine what your selected...
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...Four major control systems Question 1: Managers are most likely to step across ethical and legal boundaries when the pressure to perform is great. Pressure can be healthy but companies that set high-performance targets and grant large rewards for achieving these must have strong control systems to ensure that people are not tempted to cross boundaries. What are the four important control systems? After analyzing the WorldCom case I was able to gather what four major control systems that were not implemented correctly and led to their downfall. Risk management is one of the control systems that are very important. Risk management was very ineffective in WorldCom. With a risk assessment strategy in place which usually takes place once a quarter or semi-annually, employees or unit managers won’t be able to intentionally hide potential problems which could be avoided by identifying them in a timely manner. Control Activities was also another major weakness at WorldCom. Lack of organizational Instructions, weak controls of financial data and blocking or denial of information all are control activities not performed at WorldCom. No internal handbook based on U.S. GAAP to guarantee consistent, continuous, and legally compliant handling of basic and complex types of accounting entries was ever used. With a CEO that only wanted to hit the numbers and did not accept financial reporting when the figures didn’t match his expectations, financial reporting was never reliable. Another...
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...Enterprise Risk Management — Integrated Framework Executive Summary September 2004 Copyright © 2004 by the Committee of Sponsoring Organizations of the Treadway Commission. All rights reserved. You are hereby authorized to download and distribute unlimited copies of this Executive Summary PDF document, for internal use by you and your firm. You may not remove any copyright or trademark notices, such as the ©, TM, or ® symbols, from the downloaded copy. For any form of commercial exploitation distribution, you must request copyright permission as follows: The current procedure for requesting AICPA permission is to first display our Website homepage on the Internet at www.aicpa.org, then click on the "privacy policies and copyright information" hyperlink at the bottom of the page. Next, click on the resulting copyright menu link to COPYRIGHT PERMISSION REQUEST FORM, fill in all relevant sections of the form online, and click on the SUBMIT button at the bottom of the page. A permission fee will be charged for th e requested reproduction privileges. Committee of Sponsoring Organizations of the Treadway Commission (COSO) Oversight COSO Chair American Accounting Association American Institute of Certified Public Accountants Financial Executives International Institute of Management Accountants The Institute of Internal Auditors Representative John J. Flaherty Larry E. Rittenberg Alan W. Anderson John P. Jessup Nicholas S. Cyprus Frank C. Minter Dennis L. Neider William G. Bishop...
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...emeraldinsight.com/0968-5227.htm IMCS 14,3 Formulating information systems risk management strategies through cultural theory Aggeliki Tsohou, Maria Karyda and Spyros Kokolakis Department of Information and Communication Systems Engineering, University of the Aegean, Samos, Greece 198 Evangelos Kiountouzis Department of Informatics, Athens University of Economics and Business, Athens, Greece Abstract Purpose – The purpose of this paper is to examine the potential of cultural theory as a tool for identifying patterns in the stakeholders’ perception of risk and its effect on information system (IS) risk management. Design/methodology/approach – Risk management involves a number of human activities which are based on the way the various stakeholders perceive risk associated with IS assets. Cultural theory claims that risk perception within social groups and structures is predictable according to group and individual worldviews; therefore this paper examines the implications of cultural theory on IS risk management as a means for security experts to manage stakeholders perceptions. Findings – A basic theoretical element of cultural theory is the grid/group typology, where four cultural groups with differentiating worldviews are identified. This paper presents how these worldviews affect the process of IS risk management and suggests key issues to be considered in developing strategies of risk management according to the different perceptions cultural groups have. Research limitations/implications...
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...subsequently corrected this violation and has since enjoyed a good overall environmental compliance record. This paper will identify potential tort risks resulting from this violation and utilize the seven-step Harb process to mitigate associated business risks. Torts Alumina Inc. is considered one of the largest aluminum makers in the world. The company operates in Erehwon and is under the EPS’s jurisdiction in region 6. The first tort against Alumina was found to be negligence. Five years ago, Alumina failed to follow the environmental discharge norms set by the EPA that resulted in high levels of PAH in the samples. Polycyclic aromatic hydrocarbons (PAH) are a family of chemicals primarily derived from oil and coal but also produced as byproducts from burning of a variety of materials (Nevison, 2008). The EPA demanded a clean-up in which Alumina quickly complied and rectified the negligence allegation. Alumina was allowed to continue business without prosecution and complied with all regulation following the incident. However, Kelly Bates, a resident of the community where Alumina operates, is claiming that her 10-year-old daughter’s leukemia is a direct result of the high PAH levels in the community’s water supply. A second tort that could have resulted in litigation would be the liability of Alumina. An Alumina risk manager deciding how to best handle this situation may decide to test for further PAH violations in the Lake Dira water supply. By testing further...
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