...2. How has the ISM Code influenced maritime risk management/managers? The ISM Code was a reactive response to maritime disasters, particularly the Herald of Free Enterprise. This instrument is a regulatory device which prescribes uniform principles and rules to be applied worldwide pertaining to safety at sea. The ISM Code is incorporated within Chapter IX of SOLAS and introduces a safety orientated concept known as safety culture. The main objective of the ISM Code is to administer safe practices in ship operation within a system of reporting and audits; also, prepare for emergencies that relate to safety and environmental protection. Section 10 of the ISM Code (Maintenance of the Ship and Equipment) requires that companies establish procedures in the Safety Management System (SMS) to hold inspections of equipment and technical systems at various intervals. Pursuant to sections 1.2.2(.2) and 2.2.1(.2) of the ISM Code, maritime risk managers are subject to the construction of various risk assessments. The ISM Code has created a bureaucratic labyrinth for maritime risk management (MRM)/managers, which is laced in a plethora of written procedures and instructions for numerous onboard operations. These consist of routine activities which include cargo operations, navigation, and other repair activities such as dry-docking. Bhattacharya (2009) explains that risk assessment was recognized as the key characteristic of the SMS following a comprehensive study of certain...
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...49006- Risk Management In Engineering Risk Management Plan * Proposed Darling Harbour Water Feature Prepared by Vipin Appu Parambil Vikraman 11789373 29th March 2015 Executive Summary This report presents the risk assessment and risk treatment plan for the three new water features of Darling Harbour precinct along with the installation of the public realm. This project is a part of the Convention Centre Redevelopment plan and the risk assessment and treatment, is carried out by abiding with the AS/NZS ISO 31000:2009, SA/SNZ HB 436:2013 and IEC/ISO 31010:2009. Firstly, an introduction of the iconic location, Darling Harbour is briefed. The project objectives, scope and boundaries of the new water features installation is explained along with the risk management process adopted for this project. Secondly the context for risk is established inclusive of internal and external context. The stakeholder analysis and communication and consultation stage, explains the various stakeholders of this project and their mode of communication. Thirdly, risk criteria, risk identification, risk analysis and risk evaluation is developed based on the possible risks that may occur with this project. During risk identification potential risks related to the project was generated. The application of risk severity matrix and FEMA analysis were conducted to identify the likelihood and consequence of risks. ALARP principle was used for risk evaluation and identifying possible...
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...Risk Paper #2 Case Study – Tender Evaluation Marjorie Spitz Keller Graduate School of Management PROJ 595- Project Risk Management Instructor: Professor Bill Lewis Week 7 Date: April 20, 2013 Introduction In a tender evaluation process, it is vital to identify, assess and quantify risks that might be associated with the tender. According to Cooper, Grey, Raymond and Walker (2005), risk management is vital in the tender evaluation process, because risks associated with specific tender responses are identified at an early stage, so they can be addressed explicitly in the tender evaluation. The high-risk areas on which the greatest attention and effort should be focused in the evaluation of tender responses are identified. (Managing Risk in Large Projects and Complex Procurements.Ch.13, pg 148). The goal of this paper is to compare and contrast the two phases of the case study Tender Evaluation. “Phase 1 is concerned with establishing a baseline against which tenders can be assessed, prior to bids being received. Phase 2 compares each submitted tender offer with the baseline, to develop a comparative risk assessment for each one.”(Cooper, Grey, Raymond and Walker, 2005). Both phases are important in order to understand the risks during the tender evaluation process. ...
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...Internal Control Evaluation Checklist Phase I-Understanding Control Environment N/A YES NO Comments Is there an evidence of and implementation of a company code of conduct? Are codes periodically acknowledged by signature from all employees? Do employees indicate that peer pressure exists for appropriate moral and ethical behavior? Does management take quick and appropriate action as soon as there are any signs that a problem may exist? Management fosters and encourages an agency culture that emphasizes the importance of integrity and ethical values. This may be achieved through oral communications in meetings, via one-on-one discussions, and by example in day-to-day activities? Are there formal job descriptions or other means of identifying and defining specific tasks required for job positions established and up-to-date? Phase II-Assessment Risk Assessment N/A YES NO Comments Does management provide a sound basis for setting realistic and achievable goals and does not pressure employees to meet unrealistic ones? Are formal unit-wide mission or value statements established and communicated throughout the organization? Are employees at all levels represented in establishing objectives? Are risk management program in place to monitor and help reduce exposures? Are measures in place to identify...
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...Romana Aftab 337-256-5555 337-256-5556 Alfred Beals Jr. 2010 Axia College IT/224 Intro to IT Security Disaster Recovery Plan: Risk Assessment: There are many risk that assessments that come into play when it comes to a business, in this cases our risk assessments are centered around the protection of our systems such as; human resources system, interior design system, exterior design system, customer privacy system, and our back-up system. Internal, external, and environmental risks: There are many risks that come with any type of business, it is up to the owners to identify these risks and deal with them in the appropriate way. With any business there will be some type of problem such as loss of business, which is a result of customers not using our services; the more customers that we lose would result in more money spent and less money made hence the loss of assets. There is also the case of fires; no company is completely safe from the threat of fires and depending on the type of fire, and because of this there could be some type of loss of life. This is also possible when there are bad weather, earthquakes, or terrorists attacks. Disaster Recovery Strategy: Of the different types of strategies talked about I think the best way to go in my situation and the business that I am conducting would be a warm site. A warm site is like a mediator between hot and cold sites and would provide the advantages of both sites in the different ways. Disaster Recovery...
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...Chapter 1 1. In which of the IT domains is a database considered a major component of risk? LAN domain 2. What are the risk management techniques? Avoidance, Transfer, Mitigation, Acceptance, 3. A CBA is an effort to Cost and benefit. 4. True or false: Programming bugs is a technique for mitigating vulnerabilities. 5. True or false: Intrusion detection is a technique for mitigating vulnerabilities. 6. True or false: Incident response is a technique for mitigating vulnerabilities. 7. True or false: Continuous monitoring is a technique for mitigating vulnerabilities. 8. A DoS attack is a threat action affecting which IT domain? Wan Domain Chapter 3 9. True or false: HIPAA applies to Federal agencies. 10. True or false: HIPAA applies to health insurance companies. 11. True or false: HIPAA applies to publicly-traded companies. 12. True or false: HIPAA applies to educational institutions. 13. True or false: FERPA applies to Federal agencies. 14. True or false: FERPA applies to health insurance companies. 15. True or false: FERPA applies to publicly-traded companies. 16. True or false: FERPA applies to educational institutions. 17. Which standard contains eight principles specific to security? 18. Which standard gives detailed descriptions of IT practices and comprehensive checklists, tasks, and procedures that can be tailored by IT organizations to fit their needs? ITIL 19. Which agency enforces the SOX...
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...ES/ER/TM-117/R1 Risk Assessment Program Quality Assurance Plan This document has been approved by the East Tennessee Technology Park Technical Information Office for release to the public. Date: 11/20/97 ES/ER/TM-117/R1 Risk Assessment Program Quality Assurance Plan Date Issued—November 1997 Prepared by Environmental Management and Enrichment Facilities Risk Assessment Program Prepared for the U.S. Department of Energy Office of Environmental Management under budget and reporting code EW 20 LOCKHEED MARTIN ENERGY SYSTEMS, INC. managing the Environmental Management Activities at the East Tennessee Technology Park Oak Ridge Y-12 Plant Oak Ridge National Laboratory Paducah Gaseous Diffusion Plant Portsmouth Gaseous Diffusion Plant under contract DE-AC05-84OR21400 for the U.S. DEPARTMENT OF ENERGY APPROVALS Risk Assessment Program Quality Assurance Plan ES/ER/TM-117/R1 November 1997 [name] Sponsor, U.S. Department of Energy Date [name] U.S. Department of Energy Environmental Management Quality Assurance Program Manager Date [name] Environmental Management and Enrichment Facilities Quality Assurance Specialist Date [name] Environmental Management and Enrichment Facilities Risk Assessment Manager Date [name] Environmental Management and Enrichment Facilities Risk Assessment Program Quality Assurance Specialist Date PREFACE This Quality Assurance Plan (QAP) for the Environmental Management and Enrichment Facilities (EMEF) Risk Assessment Program...
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...storing different pieces of information and why these procedures are needed. COSHH Records: These records need to be kept so that the proper steps can be taken to prevent any accidents or incidents occurring while in the working laboratory. Every single workplace place has risk assessment records, the laboratory is no exception. Risk assessments are usually carried out on COSHH forms like the one below. In the laboratory store technicians or those who control how substances are ordered are usually in charge. The assessment would usually go like this: 1. The assessor shall determine how large the risks are including how it will affect people such as the employees and people visiting when it is being undertaken 2. The assessor will decide what precautions are needed to control the different risks that have been identified. 3. This step involves making sure that the precautions suggested in the previous step have been placed, used by the workers and are managed on a regular basis. 4. This step involves surveying how often the employees are in contact with the risk. 5. Emergency plans are drawn up in this stage in case of incidences such as fires, spills and coming in contact with the hazard. 6. If the risk involves undertrained workers then organise training sessions for them while under supervision. After these steps are completed the information will be stored away. This will most likely happen on the LIMS system but some labs still use filing cabinets. They can then...
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...Chapter 1: Measuring and Weighing Risk Risk Assessment Risks to which the organization is exposed Allows you to develop scenarios that can help evaluate how to deal with risks Ex. An OS, server, or application may have known risks in certain environments Create a plan for your organization. Risks that need addressing Risk assessment components allows the organization to provide a reality check on real risks and unlikely risks. Ex. Industrial espionage and theft are likely, but a risk of a pack of dogs stealing contents of payroll files is low, therefore resources should be allocated to prevent espionage. * Computing Risk Assessment Prioritize Measurements of risk assessment Annualized rate of Occurrence (ARO) This is the likelihood, often drawn from historical data, of an event occurring within a year. Used in conjunction with monetary value assigned to compute Single Loss Expectancy (SLE) and Annual Loss Expectancy (ALE). Risk Assessment formula SLE x ARO = ALE You can expect that every SLE, which is equal to Asset Valve (AV) times Exposure factor (EF), will equivalent to $1000 and that there will be seven occurrences in a year (ARO), the ALE is $7000. Conversely if there is only a 1- % chance of an event occurring in a year (ARO=0.1) then the ALE Drops to 100. Examples: You are the administrator of a web server that generates $25,000 per hour in revenue. The probablility of the web server failing is estimated to be 25 percent, and a failure would lead...
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...Quantitative Risk Assessment PM/584 October 2015 Deborah Reid Quantitative Risk Assessment The following paper will cover a revision to the Kudler Fine Foods newsletter with coupons for a promotional items project background clarifying the project scope, requirements, schedule, quality and constraints. This paper will also include an updated risk identification framework, qualified and quantified risk matrix, and prioritized risk register. Revised Project Background The basic project is the design of a monthly newsletter with coupons for promotional items using the current customer demographic database. The project timeline is 9 months with a budget of $75,000. The majority of the budget will be spent on securing a design agency, and printing and mailing of the newsletter. Some will be allocated to the maintenance and updating of the current database information. First Month: • As Kudler Fine Foods does not have the talent in house required to design the newsletter an external design agency will have to be utilized. This will require the publication of a Request for Proposals (RFPs) to be forwarded to design agencies. Once the RFP’s have been received a review by management and the project team will be required for the selection process, this should be accomplished within the first month of the project timeline. Second/Third Months • Once the design agency has been selected the...
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...Risk-Based IT Audit Risk-Based Audit Methodology Apply to Organization’s IT Risk Management Kun Tao (Quincy) Cal Poly Pomona Author Note This paper was prepared for GBA 577 Advanced IS Auditing, taught by Professor Manson. March 2014 Page 1 of 26 Risk-Based IT Audit Table of Contents Abstract .......................................................................................................................................... 3 Introduction .................................................................................................................................... 4 Methodology................................................................................................................................... 6 Risk-based auditing methodology: Risk assessment...................................................................... 6 IT Risk Management................................................................................................................... 7 IT Risk Control Framework........................................................................................................ 8 Identifying assets...................................................................................................................... 13 Determining criticality and confidentiality levels......................................................................14 Threat and vulnerability identification................................................................
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...Event Management Plan Template and Guidance Notes |Event Name | | |Event Location | | |Event Date | | |Organisation | | |Document last updated | | If you have any questions about this template, please contact Ian Steed on isteed@cornwall.gov.uk Please submit your event management plan with your event application form. *Please note that this document is a guide only* Introduction This template provides guidance notes for event organisers and will help you develop a detailed event management plan. To use the template, save a new version and complete the sections in blue that apply to your event. Not all sections will apply to all events – you will need to decide which are relevant to your event. Once you have completed the template, you can delete the guidance...
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...ASSESSMENT: BSBWHS401A - Implement and monitor WHS policies, procedures and programs to meet legislative requirements ------------------------------------------------- SECTION 1: PROVIDE INFORMATION TO THE WORK TEAM ABOUT WHS POLICIES AND PROCEDURES. ------------------------------------------------- Information relating to these activities can be found in section 1 part 1 – Learning support materials. Assessment 1 Activity 1: Accurately explain to the work team relevant provisions of WHS Acts, regulations and codes of practice. 1. The impact of a workplace injury is wide reaching. Explain. Yes. According to WHS acts there are four types of hazards, accident and disease (physical and physiological), and low work life quality and stress (socio-psychological). And, for all the listed hazards the impact are wide reaching to the work life of the employee and personal life. The impacts will be for the physical and physiological: high compensation costs, medical claims, lost productivity time and poor productivity affecting mostly the working environment, and for the socio-psychological: inefficiency/ineffectiveness, high work dissatisfaction and low job involvement, affecting personal working environment and personal life, in this cases of hazards the consequences can deal with depression. 2. How is the integrity (validity) of information ensured? The integrity of the information is ensured based on the legislation of health and safety under the PCBU (person conducting...
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...Assessment activity 1 1. What policies might an organisation develop as part of its commitment to health and safety? 2. What information should be provided when communicating policies to workers? Assessment activity 2 1. When defining responsibilities, what must be included? 2. What are a PCBU and an officer in regards to health and safety legislation? 3. What are a PCBU's duties under health and safety legislation? Assessment activity 3 What are some examples of financial and human resources necessary to ensure the effective operation of the health and safety management system? Assessment activity 4 1. When should consultation occur? 2. What methods can be used to facilitate consultation and participation? Assessment activity 5 A health and safety committee is involved in a dispute regarding participative arrangements within a workplace. Describe how the committee can work through the dispute. Assessment activity 6 1. What outcomes might the PCBU need to communicate to workers? 2. What forums can facilitate communicating of information? 3. Explain the barriers you think might prevent effective communication of health and safety information. Assessment activity 7 1. Which tools should be considered when developing procedures relating to hazard identification and risk assessment? 2. What are the consequences of a hazard in relation to risk assessment? 3. What are the ratings given to...
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...GENERIC RISK ASSESSMENTS CONTENTS PAGE 1. All educational visits 2. Travel on educational visits 3. Residential visit accommodation 4. Use of tour operator or provider of activities 5. Ski trip 6. School exchange visit with a school abroad 7. Walks in normal country 8. Walks in remote terrain 9. Indirectly supervised walks (Duke of Edinburgh expeditions and similar) 10. River walks, gorge or stream scramble as an adventure activity 11. Field study by or in water 12. Rock climbing 13. Swimming during educational visits 14. Visits to coastal locations 15. Visits to farms 16. Cycling 17. Standing camps 18. Lightweight camping (Duke of Edinburgh expeditions and similar) 19. Canoeing/kayaking Assessments completed by. Rob Brindley | Date. January 2010 | Reviewed. | GENERIC RISK ASSESSMENT 1 – ALL EDUCATIONAL VISITS HAZARD OBSERVED | RISK BEFORE CONTROL MEASURES | PERSONS AT RISK | CONTROL MEASURES | COMMENTSACTIONS | RESIDUAL RISK RATING | Exposure to weather. | Cold injury, heat injury, over-exposure to sun. | Pupils and staff. | Consider possible weather conditions and plan appropriate programme, clothing and equipment. Plan for pupils who may not bring suitable clothing – check before departure and/or bring spares. Daily weather forecast obtained and plans adjusted accordingly. | Provide clear information about suitable clothing and equipment to pupils and parents. | Low | Pupil lost or separated...
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