... Rivers October 19, 2013 Project 1 Part 1: Risk Mgmt. Plan 1. Introduction Risk Mgmt. Plan Well for starters the purpose of this risk management for DLIS (Defense Logistics Information Service) plan will be similar to the purpose of any organization would be and that would be how to better protect and secure the company’s IT environment. The importance of this is major since there is all kind of important data that is on and transmitted throughout our networks on a daily basis. DLIS we must ensure that we implement all necessary preventative security measures as well as policies and procedures. We must do this by first of all ensuring that we have really good antivirus software installed on all of our systems and ensuring that it is always up to date. The next thing is extensively configuring our firewalls making it more difficult for our networks to be hacked. Another thing is data encryption which is very vital in securing all important data for our company and clients especially when we are performing data transmission over the networks. The last thing I want to mention which will be part of policies and procedure is implementing various password and logon policies and procedures for security purposes as well. As I stated the purpose of the development of this plan is to reduce the risk of threats and vulnerabilities on our networks. This is vital because threats and vulnerabilities definitely present risk(s) to any important company and client data. We...
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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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...RISK PM595 Initial information used in phase 1 of the assessment process is based on project documents and the request for tender itself. Information for Phase 2 is derived from individual tenderer’s response. In phase 1, an appropriate system or element structure for examining the tender is developed and semi-quantitative approach is used to assess the likelihood of risks arising in each element and their consequences and then derive a baseline priority for each element and the project. In phase 2, the evaluation is modified according to the detailed approach each tenderer intends to adopt, and that tenderer’s capabilities. According to the text book some of the objectives of the risk assessment in tender evaluation are to provide an initial indication of where the major risks might arise in the project, prior to receipt or detailed examination of tender responses, based on a set of credible assumptions about how the project might be conducted. It also develops a risk baseline against which individual tender responses can be compared. It assist the project team to focus on potential risk areas, it provides a risk profile for each tender offer submitted and provides a documented audit trail. In Phase 1 a baseline is established against which tenders can be assessed before bids are received. In Phase 2 each submitted tender offer is compared with the baseline to develop a comparative risk assessment for each one. In phase 1 the structured and documented risk assessments...
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...Credit Risk Management: Credit risk can be defined as risk of failure of customer/counterparty of the bank to meet financial obligations. Another major source of credit risk could be concentration risk, which arises when a bank’s credit portfolio tend to be non-diversified i.e. large single borrower exposure or lending exposure to clients having similar economic factors (single sub-sector, industry, geographic region etc.) that would adversely impact the repayment ability of mass obligor during any possible economic downturn. To ensure the portfolio health, the bank has distributed the overall credit concentration among different segments/industry/trading. For example, branches are primarily responsible for sourcing of potential clients and initiate limit (credit) approval process for review of Credit Risk Management Division (CRMD), this division (CRMD) ensure the quality of credit proposal before limit approval, a separate division known as Credit Administration (CAD) monitors the documentation aspects of approved credits and finally the Legal Recovery Department manages the deteriorating accounts. It is mentionable that the bank has own credit risk management guideline. All other remaining risk in regards to credit portfolio are addressed by the Risk Management Unit (RMU), the primary responsibility of this unit isto identify and assess the severity of risks and highlight the same to the management for strategic decision making. Below are risk wise list of few global model...
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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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...Disaster Risk Management Hydrometeorological hazards such as floods, droughts and tropical cyclones afflict many regions of the world, but their impact in terms of lives lost and livelihoods disrupted tends to fall most heavily on the poor in developing countries. Climate change threatens to heighten these impacts in many areas, both by changing the frequency and/or intensity of extreme events and by bringing changes in mean conditions that may alter the underlying vulnerability of populations to hazards. The result in the decades to come may be an increase in the global burden of weather-related disasters: events that can threaten the sustainability of development processes and undermine progress toward poverty reduction. Holistic management of disaster risk requires action to reduce impacts of extreme events before, during and after they occur, including technical preventive measures and aspects of socio-economic development designed to reduce human vulnerability to hazards. Approaches toward the management of climate change impacts also have to consider the reduction of human vulnerability under changing levels of risk. A key challenge and opportunity therefore lies in building a bridge between current disaster risk management efforts aimed at reducing vulnerabilities to extreme events and efforts to promote climate change adaptation. There is a need to understand better the extent to which current disaster management practices reflect future adaptation needs and assess...
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...The Pesticide Problem and Proposed Solution Risk Assessment Oscar Rodríguez Marrero SCI275 February 27, 2011 The Pesticide Problem and Proposed Solution The city council of Genericville has been presented with a proposal regarding the use of the pesticide Malathion within the city limits. This pesticide is used to control the mosquito population and is been registered for use in the United States since1956 (EPA). According to the US Environmental Protection Agency, the administration of the Malathion pesticide is not harmful to humans or the environment if applied in accordance to the product safety regulations. It the responsibility of the City Council members of Genericville to make and inform a decision that is in the best interest of the residents of Genericville, the city council members, and their visitors. Due to an enlarged mosquito breeding area after a season of heavy rainfall, recent studies have been performed in our wetlands. There are projections that there could be 50 cases of WNV in Genericville this year with two fatalities. With a population of 100,000, this would mean that one out of every 2,000 people will likely become infected this year without the use of pesticides. The Malathion pesticide program could reduce the number of cases from 50 to five, with less than a 20% chance of a fatality. These numbers are too significant to ignore. There is also the concern about the summer tourism and the Generic River, and how they could be affected...
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...planning (OSRPP); yet it took nearly three months to seal the Macondo well. This paper is accordingly concerned with the reasons for the apparent failure of the BP oil spill response plan. This failure will be considered in light of current international environmental regulations on OSRPP and applicable United States legislation, whilst assessing the BP oil spill response plan’s compliance therewith. The study will also consider some theory in the development of OSRPP by looking specifically at risk assessment tools and applying key criteria to the BP oil spill response plan to determine its adequacy and appropriateness for its operations in the GOM. What the research will show is that the ill preparedness of BP and the U.S. Government to effectively respond to the blow out is symptomatic of the significant gaps in both industry and government’s existing response capacity in dealing with deep-water drilling environments primarily as a result of insufficient risk assessment, lax regulation and enforcement, and a lack of coordination in...
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...Executive summary: Introduction and project background: TITLE: STARLYTE SOLUTIONS Agenda: Business process for a long term period Purpose of business: the purpose of implementing of new wearable technology in the present ongoing system * To create a concrete figure of our business in the market, updating the business with the new wearable technology will help it growing in long term run. * Using the information system technique can organize the work more simple and reliable to use. * The use of wearable technology with help in combining the solution for the problem in an organization of various factors. According to the research on various terms the productivity of variable things are to be made available. New technology play vital role in saving the time and money of an organization substantially carrying various task together. The age of quantified self has started with wearable technologies such as Jawbones, Fit bits etc. Many companies are using wearable technologies to keep track of their staff, improve their collaboration and efficiency. However, introducing such technology to a complex and sensitive system such as payroll management can put forward many challenges to the management and the organisation. Business Challenges with introducing new wearable technology to manage payroll information: Achieving Integrity and trust with employees: The biggest challenge in implementing wearable technology on the employees to manage payroll information is...
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...BSBRES401A analyse and present research information p85 q5 Employee Job Satisfaction for flexible working Please take a few minutes to tell us about your job and how the organization assists you | Strongly Disagree | Somewhat Disagree | Neither Agree nor Disagree | Somewhat Agree | Strongly Agree | I feel encouraged to come up with new and better ways of doing things. | | | | | | New work ways gives me a feeling of personal accomplishment. | | | | | | I have the tools and resources to do my job well. | | | | | | On my job, I have clearly defined quality goals. | | | | | | The Company does an excellent job of keeping employees informed about matters affecting us. | | | | | | When a customer is dissatisfied, I can usually correct the problem to their satisfaction. | | | | | | I understand why it is so important for (Company name) to value diversity (to recognize and respect the value of differences in race, gender, age, etc.) | | | | | | My job makes good use of my skills and abilities. | | | | | | My supervisor’s manager visibly demonstrates a commitment to quality...
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...SACHS.DOCX (DO NOT DELETE) 8/1/2011 2:07 PM RESCUING THE STRONG PRECAUTIONARY PRINCIPLE FROM ITS CRITICS Noah M. Sachs* The Strong Precautionary Principle, an approach to risk regulation that shifts the burden of proof on safety, can provide a valuable framework for preventing harm to human health and the environment. Cass Sunstein and other scholars, however, have consistently criticized the Principle, rejecting it as paralyzing, inflexible, and extreme. In this reassessment of the Strong Precautionary Principle, I highlight the significant benefits of the Principle for risk decision making, with the aim of rescuing the Principle from its dismissive critics. The Principle sends a clear message that firms must research the health and environmental risks of their products, before harm occurs. It does not call for the elimination of all risk, nor does it ignore tradeoffs, as Sunstein has alleged. Rather, through burden shifting, the Principle legitimately requires risk creators to research and justify the risks they impose on society. By exploring where the Principle already operates successfully in U.S. law—examples often overlooked by the critics—I highlight the Principle’s flexibility and utility in regulatory law. This Article uses chemical regulation as a case study in how the Principle can guide Congress in an ongoing controversy. Congress is considering a major overhaul of the flawed Toxic Substances Control Act of 1976 (TSCA), and this change could be one of the most significant...
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...Management Fall 2009 Non-financial risk assessment in mergers, acquisitions and investments Identifying sources of business risk in the ICT industry Bachelors thesis Erik Allenstr¨m, 1984-11-26 o Fredrik Njurell, 1984-01-30 ¨ Tutor: Osten Ohlsson January 14, 2010 Abstract The number of company mergers and acquisition activities has increased dramatically the last two decades. The reasons for conducting these activities are many and the uncertainties of their results are high. To reduce the uncertainties when making an investment, merger or acquisition it is vital to do a thorough assessment of the risks involved with the activity. This thesis focuses on a specific part of this risk assessment, namely the non-financial risks. Mergers and acquisitions are done in almost all industries around the world and the reasons for and benefits of these activities can vary between industries. We have chosen to investigate the risk assessment of non-financial risks in the Information and Communication Technology (ICT) industry. The thesis aims at investigating what business characteristics, for companies in the ICT industry, that give rise to non-financial risks that must be assessed when doing investments, mergers or acquisitions. Further on we present a risk pattern that points out what business characteristics that are the most important when conducting a risk assessment of non-financial risks on companies in the ICT industry. From a literature study we find evidence that ten different...
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...Running head: PURCHASING A HOUSE RISK PAPER Purchasing a House Risk Paper Keller Graduate School of Management Project Risk Management PROJ 595 Dr. Susan Orr August 04, 2013 Purchasing a House Risk Paper INTRODUCTION The many advantages to owning a home have been well publicized. However, the above satistics make it clear that owning a home is not without risk. To form a complete picture, you, the prospective buyer, need to consider the potential risks and disadvantages of home ownership as well. Understanding these disadvantages beforehand will give you a better chance of minimizing their impact and avoiding the fate suffered by these homeowners. RISKS IDENTIFICATION There are many risks in buying a new house such as: • The opportunity cost of investing in an alternative investment is very high because the entire cash and future income stream is tied up into one asset a home, which may or may not appreciate. • The house is an undiversified investment, so if the market tanks as it has, game over. • Knowing that we do not own our home, the bank does. • A lot of cost connected to home ownership, such as repairs and insurance and fees and potential hazards I have not considered. • If I lose my job, game over, this will put a lot of stress on me. • There is a chance that your new home will lose value. Luckily, in general, the longer you own your home, the less likely a loss becomes. Loss of value is typically a short-term problem, possibly due to the local...
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...Risk Management Overview February 21, 2011 FIN/415 Risk Management Overview Paper Risk management is a systematic process of managing the exposure of the organization to a variety of risks. This process has become increasingly important for the success of any organization in current competitive markets. The successful identification of threats and opportunities is crucial in risk management as it allows to create the processes and procedures allowing the company to maximize opportunities and minimize threats. Many organizations treat risk management seriously and create separate department responsible solely for risk management. Royal Caribbean Cruise Line incorporated risk management department into its structure. This step allowed this organization to improve the risk assessment procedures and introduce the necessary processes to minimize the impact of threats. The organizational risk relates to the organizational governance, operations, and information systems. The organizational risk management “provides assurance for reliable and accurate financial and operational information and reporting, effectiveness and efficiency of operations, and safeguarding of assets, as well as compliance with regulations, contracts, and the organization’s code of ethics” (Aghili, 2010, p. 23). Organizational risk management treats the relates to the organization as one entity and...
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...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 and react to technological changes in the functional requirements of the organization? Does management promote continuous improvement and solicit input and feedback on significant changes? Phase III-Testing Control Activities N/A YES NO Comments Are employees aware of what kind of behavior is...
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