...Table of Contents Risk Management Plan for Buying a House and Moving into the House 1 Executive Summary 3 Introduction 4 Project Description 5 Project Sizing 6 Stakeholder Analysis 8 Risk Breakdown Structure 9 Probability – Impact Matrix 10 Risk Register 13 Risk Reviews and Reporting 15 Conclusions and Recommendations 15 References 17 List of Figures Figure 1 – Buying a House 3 Figure 2 – Buying a House and Moving into the House Project – Project Sizing Tool 7 Figure 3 – Buying a House and Moving into the House Project – Stakeholder Analysis 9 Figure 4 – Buying a House and Moving into the House Project – Risk Breakdown Structure….. 10 Figure 5 – Buying a House and Moving into the House Project – Probability and Impact Matrix 11 Figure 6 – Buying a House and Moving into the House Project – Risk Prioritization 12 Figure 7 – Buying a House and Moving into the House Project – Probability and Impact Scales. 12 Figure 8 – Buying a House and Moving into the House Project – Probability and Impact Scoring Scheme 12 Figure 9 – Buying a House and Moving into the House Project – Risk Register 13 RISK MANAGEMENT PLAN FOR BUYING A HOUSE AND MOVING INTO THE HOUSE PROJECT Prepared by: Angel Wallace, Home Buyer, Buying a House and Moving into the House Project Approved by: Ramon Vargas, Home Buyer, Spouse Version: 1 Date: October 21, 2012 Figure 1 – Buying a House Note: From the website: http://www.beazer.com/new-homes-for-sale/Dallas-TX-Willow-Ridge-available_home-Baxter_50'-22932...
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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 Paper 1 Pm595 Risk Paper: Buying a new house Project Risk Management Professor: James Reckon By Magued Farag May 24, 2014 TITLE: BUYING A NEW HOUSE TABLE OF CONTENTS INTRODUCTION RISKS IDENTIFICATION RISKS RANKING MATRIX RISKS MONITORING CONCLUSION REFERENCES * INTRODUCTION Whenever considering a major purchase in life one must carefully consider the risks associated with making these purchase decisions. These decisions should be treated as projects in such a way that proper planning, analysis, risk assessment and contingency should all be aspects of the purchase process whether formal or informal. In this paper, I will discuss about a project that many people are familiar to: buying a new house. Few years ago, I moved to a new area and was trying to decide whether or not to purchase a new house, and if so, where should I buy it. I also considered if I should buy a preexisting new house or hire a builder for a new house. Every option had its own set of potential risks. If I continued to rent, was this really just throwing away money. If I purchased a house, could I afford it and was I buying the best house for me and my family? I approached it like any other project, with interviewing people, note collecting, collating, and interpreting the data. After reviewing my expenses and income and examining the tax advantages, I decided to buy a house but knowing that several risks may accompany my decisions, these risks rank from high probability...
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...Risk Paper 1 Project Risk Management 595 11/17/13 Buying our First Home In this paper, I will discuss about a project that many people are familiar to: buying a new house. I moved to Columbus in 2001 to go to college, after renting for nearly a decade and living with roommates, I found a woman that I wanted to spend the rest of my life with. I had a good job and a good woman the only thing that was missing was somewhere to call home. We moved to a new area and we were trying to decide whether or not to purchase a new house, and if so, where should I buy it. I also considered if I should buy a preexisting new house or hire a builder for a new house. Every option had its own set of potential risks. If we continued to rent, we were really just throwing away money. If we purchased a house, could we afford it and were we buying the best house for me and my family? I approached it like any other project, with interviewing people, note collecting, collating, and interpreting the data. After reviewing my expenses and income and examining the tax advantages, I decided to buy a house but knowing that several risks may accompany my decisions, these risks rank from high probability – high risk to low probability – negligible risk. There are many risks in buying a new house such as: The opportunity cost of investing in an alternative investment is very high because of all the cash and future income stream is tied up into one asset a home, which may or may not appreciate. The house...
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...PERCEIVED RISK AND THEIR INFLUENCES ON ONLINE SHOPPING Major Project Report Submitted for the partial fulfillment of the requirement for the award Of Master in Business Administration Submitted by: Under the Guidence Kamal Kumar Dr. Vibhuti Tripathi 2012MB35 School of Management Studies Motilal Nehru National Institute of Technology Allahabad – 211004 May, 2014 Introduction Online Shopping There are many factors that point toward the potential for rapid growth of online shopping in India. In terms of education, India annually produces 2 million college graduates including approximately 200,000 engineers and 300,000 technically qualified graduates. The government of India has been heavily promoting investment in the telecom sector in recent years with the number of telephones increasing from 55 million in 2003 to 621 million in 2010. During the same period, broadband subscribers grew from .2 million to 8.8 million. Penetration of the internet, however, is comparatively lower at 6.9 percent of the population in 2009 compared to the world average of 26.8 percent (Internet World Stats, 2010), pointing to growth potential in the Indian market. Electronic payment in India is also steadily increasing thanks to a large young population with growing disposable incomes. There is evidence that the current economic crisis encourages online shopping as more and more Indian shoppers are motivated to compare prices among retailers...
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...Konzum mobile application-better way of shopping Overview At the present time, where every minute counts, where everyone is running to take care of their obligations, duties, and families there is little time to spare. For lot of people buying groceries is frustrating because it takes a lot of time and energy. Some people say that what bothers them most is the line at the cash register. Unfortunately, from this it could be concluded that buying fresh food and cooking has become a luxury that few of us can have. However, what many of us are aware that, if we shorten the time when we are purchasing our groceries we will have more time for cooking healthy meals. We are now able to buy products through internet or mobile phones. This way of buying is not so much time consuming as traditional way of shopping, but some customers are thinking that online shopping is unsafe and when you order online groceries, they are not so fresh. If more people would buy through internet or mobile phones, they would have more time for their families and friends, and for all different things that are improving standard of living. They would also spend less money due to buying just what they really meant, and they would experience freshness of products. This is why I propose that instead of old way of shopping we use the new Konzum mobile application, which saves time and energy. This application is improved way for shopping online. It offers wide information about products, special offers...
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...Renting an Apartment is a better option than buying a House (Week 2 Day 7 Assignment) Is renting an apartment a better option than buying a house? My argument is buying a house is a better option than renting an apartment. The point of view will support my topic by including facts, statistics, examples and details. The point of view will include the pros of buying a home versus the cons of renting an apartment, such as buying a house is an investment versus throwing money away, buying a house can be a tax deduction, buying a house is an investment you can live in, having a fixed mortgage rate in buying a house is a better financial option than having to deal with the inflation of rent every lease renewal, last but not least buying a home will allow you to update and upgrade as you wish, inside and outside. My point of view will also include facts and evidence against the opposing position. An argument cannot be one sided. Including evidence such as an apartment is rent and rent is money that is not an investment, you can add up all the rent you have paid in the past twenty –five years and have nothing concrete to show for it versus paying a mortgage for the past twenty-five years and could own the house in another five in most cases. In an apartment you cannot upgrade as you wish, you may risk rent increasing every year upon the lease being renewed and new management can take over and you lose your apartment. With a house, you get a garage, with an apartment you have...
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...are many factors to take into account, though some may vary according to an entrepreneur's personal situation. Poor management is the most frequent cause of small-business failure, according to the Small Business Notes website, but it is closely followed by insufficient financing. Other People Are Reading * The Disadvantages of External Equity * Financing Methods for Capital Purchases 1. Funding Availability * The first thing to do when choosing a method of financing your business is to determine what your range of options are. Small Business Notes lists the most common sources of finding money to start a business: personal savings (72 percent), banks (45 percent), friends/relatives (28 percent), individual investors (10 percent), government-guaranteed loans (7 percent) and venture capital firms (1 percent). Most people will not be able to rely on a single source, since banks expect the business owner to put some of his own money at risk in the venture. Spend some time thinking about what sources you can access. Personal Savings * Choosing to risk personal savings on a business venture requires serious thought, especially if the money is part of your retirement plan or you have others to consider, like a spouse or children. Don't pretend there isn't a chance you could lose it all. A young, single entrepreneur might be willing to risk more personal savings than a middle-aged family man. When drawing on personal savings for investment in a business...
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...A New House - Risks and Benefits XCEO-212 May 13, 2011 A New House - Risks and Benefits A few of the government bodies that influence national fiscal policies that potentially affect the housing market are: Federal Reserve System (FED), Housing and Urban Development (HUD), and the Federal Emergency Management Agency (FEMA). “The Federal Reserve System of the U.S. is the central banking system of the U.S., comprised of the Federal Reserve Board, the 12 Federal Reserve Banks, the Federal Open Market Committee, and the national and state member bank. Its Primary purpose is to regulate the flow of money and credit in the country” (InvesgtorWords.com, 2011). The federal secure interest affects variable interest rates of mortgages by using the interest only loans, which you just pay the interest and no principal, so when the housing price falls, refinancing is impossible. The reason refinancing is impossible, is because there is no equity or profit made and the house value diminishes and there is no way to refinance when the house is worth less than the mortgage amount. When the value of your home goes up, then you can refinance. The HUD Act affects mortgages for “single-family and multifamily dwellings and extending loans for home improvements and for the purchase of mobile homes; channeling funds from investors into the mortgage industry through the Government National Mortgage Association; and making loans for the construction of rehabilitation of housing projects for...
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...direct and indirect strategies available, and provides examples of firms that use export strategies. It also gives the advantages and disadvantages of such strategies. At the end of the report it provides a conclusion and recommendations to what strategies a firm can adopt depending on the situation. 2.0 INTRODUCTION AND BACKGROUND The most conventional forms of international business transactions are international trade and investment. International trade refers to an exchange of products and services across borders. Exchange can be through exporting, importing or countertrade. Exporting is an entry strategy involving the sale of products and services to customers located abroad from the home base or third country. Importing is the buying of products abroad and bringing them to the home market. Countertrade is a business transaction where all or partial payments are made in kind rather than cash. Both finished and intermediate goods, such as raw materials and components are subject to trade. While on the other hand international investment refers to the transfer of assets to another country, or acquisition of assets in that country through foreign direct investment and contractual agreements, Cavusgil (2008). Among the organizations arrangements for exporting are Indirect Exporting, Direct Exporting and the establishment of a Company- Owned Subsidiary. Direct exporting is accomplished by contracting with intermediaries located abroad, and involves using Manufacturing Representatives...
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...retail banking of a nationalised bank compared to a MNC 12. Conspicuous consumption 13. Study of awareness and acceptibility of UPVC windows and door systems 14. Opportunities of Financing the NANO’s in Bangalore 15. Changing trends in FMCG industry in India 16. A study of best HR practices in service industry 17. Fundamental analysis of Indian telecom companies 18. Study of consumer behaviour in automobile industry 19. customer buying behaviour towards insurance products 20. Promotion strategies followed in Insurance sector 21. Study on changing consumer preference towards organised retailing from un-organised retailing 22. study on “impact of advertising in B2B marketing” 23. Distribution network & general insurance industry 24. A study on distribution channels in aluminium industry 25. Study on strategies for promoting retailers’ brands 26. Study of operations & marketing of chemical goods in SSI 27. The impact of tax on electronic goods & products (industrial marketing) 28. Merchandising key account management in apparel exports 29. Effect of marketing in mobilization in BPO segment 30. Marketing in FMCG sector 31. E-marketing of financial services: Relationship approach 32....
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...country in financial turmoil. The Subprime loan market allowed lenders to make loans to non-credit worthy borrowers, which included no-credit or bad credit individuals and those with stated income. These loans were attractive to a vast number of people because it was an offer borrowers couldn’t refuse. The little to no credit requirements and Interest-only and Adjustable-rate loans made borrowers believe they could live the American dream. The failure of risk management in these cases compromised the securitization of loans and debt obligations. The inability and/or lack of accounting principles have contributed to this country’s financial crisis, not to mention the global impact from defaulting on subprime loans. These issues still play an important role of the finance industry today. Now that the government has had to step in, today, the qualifications for new loans or refinances are strict but not impossible to credit-worthy borrowers. Low interest rates as well as personal tax rebates are offered to increase the buying of homes. These offers are not included to investment or commercial properties. Hoping that recovery is soon on the way, the vast number of foreclosures and short sales are still on the horizon....
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...available): http://dealbook.nytimes.com/2012/07/12/dentsu-of-japan-to-buy-aegis-of-britain-for-5-1-billion/ Strategy Article Illustrates: Market Development (Also known as Market Expansion) What leads you to believe this is the strategy illustrated? According to Foundations in Strategic Management, Market Development is accomplished by geographic decentralization, proliferating sales locations, customer bases, or entry into international area. In this case the Japanese advertising powerhouse Dentsu agreed to buy Aegis, an agency company based in London for $4.92 billion in order to expand into more dynamic economies than the sluggish home market, where it books the vast majority of its revenue. This deal is the biggest-ever overseas acquisition by a Japanese advertiser. Due to the saturated ad market in Japan, Dentsu tended to develop globally to find larger market for more profit. As the seventh largest advertising company in the world, Aegis specializes in media buying, a steady source of earnings, and fast-growing digital marketing. Buying Aegis will give Dentsu the opportunity to operating through abroad agencies. (Geographic decentralization) Aegis owns many media buying agencies, digital ad specialists, and variety kinds of global clients. It is strongest in Europe and has a significant presence in North America. By forming the communications group with global reach, the Market Development strategy of both businesses will be enhanced as they provide more scale...
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...different sectors 7. Effectiveness and scope of employee referrals in the process of talent sourcing 8. Study of training needs across different industries 9. Study on creation of luxury brand 10. Strategies used to build successful Internet based customer services 11. Measuring the effectiveness of retail banking of a nationalised bank compared to a MNC 12. Conspicuous consumption 13. Study of awareness and acceptibility of UPVC windows and door systems 14. Opportunities of Financing the NANO's in Bangalore 15. Changing trends in FMCG industry in India 16. A study of best HR practices in service industry 17. Fundamental analysis of Indian telecom companies 18. Study of consumer behaviour in automobile industry 19. customer buying behaviour towards insurance products 20. Promotion strategies followed in Insurance sector 21. Study on changing consumer preference towards organised retailing from un-organised retailing 22. study on "impact of advertising in B2B marketing" 23. Distribution network & general insurance industry 24. A study on distribution channels in aluminium industry 25. Study on strategies for promoting retailers' brands 26. Study of operations & marketing of chemical goods in SSI 27. The impact of tax on electronic goods...
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...A 1- What are the perceived risks in buying and using a service? Any time customers consider purchasing a new product or signing up for a new service, they also face a set of uncertainties about the product or service collectively referred to as perceived risk. As part of the conversion process from potential customer to paying customer, businesses must develop strategies to assuage one or more of the six types of perceived risk: Functional Risk One of the most common types of perceived risk, functional or quality risk refers to the fear that a product or service will fail to deliver promised functions or benefits. A new computer, for example, might fail to run the resource-intensive, audio editing program a sound engineer needs to perform her job. Social Risk Social risk refers to the possibility that buying a product or using a service can reduce a person’s status with friends, family or neighbours. If, for example, someone purchases a pure-bred dog and finds his friends consider adopting animals from shelters the socially responsible behaviour, he suffers a loss of status. Financial Risk Financial risk boils down to a fear that a potential purchase can tax or outstrip a person’s monetary resources, now or in the future. Financial risk operates on both a subjective and objective level. A person with low or variable income can experience a high level of subjective financial risk, even with low-cost items. The purchase of a home, on the other hand, often means an...
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