...years, our banking system underwent rapid development which includes how they handle different risks to survive in their industry. As the financial activity has become a major economic activity in most economies, any interference or imbalance in banking system’s infrastructure will have significant impact on the entire economy. So to avoid any disruption on this, different banks used their own risk handling methods otherwise called a risk management as their key solution on this. Risk is a situation involving exposure to danger. It is the possibility that something unpleasant will happen. It may be also an object (person or thing) that creates or intensifies a risk situation. It may be also a scenario that can be described (qualified, if not quantified) and that may be damaging, in any way, to an organization or institution. It may cause a “loss” directly or indirectly. Any manage and control of potential risks is called risk management. It has a big part in any organization or an institution to have awareness. In the field of banking, it is an industry called as risky business and there is always a management as front-runners when it comes to risks. Risk management approve and monitor risk limits, limit exceptions, new forms of transactions and function as eyes and ears of senior management with regard to risk taking of business. Due to these various uncertainties and risks, bank managers need...
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...LEAN PROJECT MANAGEMENT Assessment of project risk management processes NEUS ALCARAZ BOSCÀ Master of Science Thesis Stockholm, Sweden 2012LEAN PROJECT MANAGEMENT Assessment of project risk management processes by Neus Alcaraz Boscà Master of Science Thesis INDEK 2012:36 KTH Industrial Engineering and Management Industrial Management SE-100 44 STOCKHOLMi ACKNOWLEDGEMENTS Firstly, I would like to thank my supervisor, Johann Packendorff, from the School of Industrial Engineering and Management at the Royal Institute of Technology, for accepting me in his department and for giving me good and useful guide. Secondly, thanks to all my family for being during all this year at the other side of the screen making me much easier the way. Especially, thanks to my sister, Maria, for spending some of her spare time giving me very good advice in the writing of this thesis, and above all, for being such a good example of effort and overcoming during my entire life. Thanks to Marcos, for being always so kind with me, and forsupporting me not only this year but also all these years of study. Finally, I would like to thank all my friends for having always something fun to tell, cheering my day up despite being so far. Thanks especially to Pau and Lidia for coming to visit us and spend wonderful days together, and also to Marta, Patri and Ceci for being always there to me. I would like to dedicate this thesis project to my grandma, for having taken such good...
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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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...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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...换一个你的 School of Management, University of Glamorgan Research on Internal Audit Participate in Risk Management-Based on the ERM Framework of COSO By: Weichen Zhu Candidate no: 学号 September 2012 Supervised by: 你导师的名字 The dissertation is submitted as part of the requirement for the award of Masters of Science: 你专业的名字 Declaration This Dissertation has been prepared on the basis of my own work and that where other published and unpublished source materials have been used, these have been acknowledged. Word Count: Student Name: __________________ Signature: ______________________ Date of Submission:______________ Acknowledgement This is my first time to go aboard for studying. During different campus life in the UK, it is wonderful with deep impression. I learned how to use my internal power to make things happen and how to live my own life. All efforts contribute to my growth, but I cannot forget people who encourage and help me. Probably, I am not happy to study in my whole postgraduate time without support. Firstly, I would like to thank my supervisor 你导师的名字. He helps me develop the ideas and complete this dissertation. Especially, when I make a survey in China, I communicate with him through email. Sometimes, I am afraid that my timetable could have bad effects on him. However, he usually gives me feedback as soon as possible. Therefore, I only use 20 days to finish my survey. This kind of strong professional ethic is worth to learn...
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...research topic in this paper is a security management plan thesis. The paper concentrates on the security management plan of the VANFEST event. This is an event that will gather together a diversity of Australia’s best local personalities, performers and VIPs. It is the first occasion of its kind in Forbes and it is expected that a projected multitude of up to and maybe between 5,000 and 10,000 persons will be in presence, with an all-out Capacity of 15,000. The VANFEST occurrence will be carried out on Saturday the 6th December 2014 from 1:40pm to 12:30am (Twelve midnight) inside the Protected Boundary Area at Forbes Showground. The entire happening has been categorized as a Low Risk Event because of the target spectators and kind of the entertainment. The Police and the security personnel are to handle each happening on its virtues. However, any anti-social conduct should be clogged instantly and unwelcome patrons expelled from the event and the adjacent areas. Will the security personnel and the police handle the any anti-social conduct in the field? Is there enough police and security to patrons’ ratio in the field? The research proposal will use several inductive research methods to give answer to the questions. Some of the methods used are quantitative analysis, carrying out survey, interviews, and developing of hypothesis. Through the use of this methodological approach, a good security plan will be achieved at the end of this thesis. Objective of the topic or research ...
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...CURRICULUM VITAE _______________________________________________________________________ Dinh Thi Thanh Tam No. 60, Hien Vuong Street, Phu Thanh Ward Tan Phu Dist, Ho Chi Minh City, Viet Nam Cell phone: 093.799.9089 Email: dinh.thanhtam146@gmail.com Career Objectives Seeking the positions in Bank and Import/Export Company such as: Trade operations officer Trade product development officer Trade Sales Import/Export officer to utilize my credentials and professional experience in a prestigious organization. Core Professional strengths International settlement, trade finance services and other banking operations experiences Knowledge of treasury, remittance, UCP600, ISBP681 Knowledge in Banking and finance industry Good interpersonal and communication skill Having team spirit and willingness to learn Good planning and organization skill Serious and careful Adopting quickly with new environment Working well under high pressure Problem solving skill Strong integrity and self motivation High sense of responsibility Good command of various computer programs and applications Educational Qualifications and Training Achieved Executive Master of Business Administration in Finance and Banking Diploma, awarded by University of Applied Sciences Northwestern Switzerland, 2009 2011. Grade: Good Achieved Bachelor Degree in Banking and Finance, Banking University of Ho Chi Minh City, 2002 - 2006. Grade: Good Participated in many internal training...
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...organizational, and environmental factors; therefore, measurement of information systems (IS) success is both complex and illusive (Petter, DeLone & McLean, 2008). However the focus of this essay is on the challenges that relate to risk management of the project. Generally risk management is seen as an activity of identifying and controlling undesired project outcomes proactively (Smith & Merritt 2002 as cited in Kieran & Sharon, 2009). However, it is unfortunate that many information systems projects do not follow a formal risk management approach (Jones 1994 as cited in Marchewka, 2003) and the KYC project is one such example. Risk management processes can be an extremely powerful approach to dealing with the intricacies and uncertainties that increasingly surround information systems project and organisation if implemented well; if not risk management processes can consume valuable resources and can constitute a risk to the information system project that must be effectively managed. The level of investment in risk management within projects must be challenged and justified on the level of expected benefit to the overall project (Chapman & Ward, 2003). Two of the key challenges faced with in this this project with regards risk management are lack of organisational commitment and technical constraints. Each of which will be discussed separately. LACK OF ORGANIZATIONAL COMMITMENT The KYC project was borne out of a regulatory requirement and as such it is an information...
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...Service : Hold due to Post Graduate Driving Licence : B - 2007 EDUCATIONAL BACKGROUND : 2014 – 2016 Thesis – Improvement of SME’s technical problem solving capability,Modelling Approach 2012 - 2014 Yeditepe Üniversitesi - MBA 2007 - 2011 Kocaeli Üniversitesi – Bsc. Mechanical Engineering 2003 – 2007 Amasya Anadolu Öğretmen Lisesi – Mathematics & Science WORK EXPERIENCES : Maintenance Engineer Unilever – November 2012, cont. - Lead shift maintenance team in factory - Ensure that the production is done according to Unilever standards and legal requirements with required quality, quantity, time and cost. - Ensure that occupational and food safety standards are implemented consistently. - Participate in new projects and periodic maintenance plans to provide continuous production - Lead new equipment commissioning and start-up stages. - Lead Planned Maintenance activities in production lines to improve performance with TPM and involve in training activities of blue-collar workers. - Involve in kaizen projects to eliminate losses and to increase machine efficiencies - Ensure that all activities in the department are in line with Good Manufacturing Practices, food safety and work place safety requirements - Machinery safety trainer - Safety Pillar facilitator - Follow up Capex projects & implementation - Conduct energy management systems and saving projects - Conduct process improvement works & redesign of processes - Conduct hygenic...
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...1 MINING INDUSTRY - OVERVIEW AND RISKS FACTORS Definition of the Industry The mining industry encompasses a wide range of companies involved in different supply chain positions that represent exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification for this rating follows: a) Higher than average profitability of the industry – related to the need to provide adequate returns on large capital investments b) Threat of competitors is about on the same level as other industries – based on multiple suppliers and buyers and the prevalence of homogenous products (nonbranded) c) Inherent volatility in earnings and underlying cash flows – due to volatile pricing of commodity products and responsiveness to economic cycles d) Above average and increasing prospect of industry regulation e) Above average and uncertain political risk – industry players have to pursue operations where mineral resources are found and in many cases this would include politically unstable regions f) Below average technology risks – due to the basic nature of the materials produced and licensing production technologies and methods among players in the industry 2 The BBB rating is applicable only to industry players...
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...1 MINING INDUSTRY - OVERVIEW AND RISKS FACTORS Definition of the Industry The mining industry encompasses a wide range of companies involved in different supply chain positions that represent exploration, development, extraction, processing, refining and sale of minerals and coal. With respect to the diverse set of business factors that affect the mining process, the business risk rating for the mining industry would be best qualified in terms of a credit rating of BBB (low). The justification for this rating follows: a) Higher than average profitability of the industry – related to the need to provide adequate returns on large capital investments b) Threat of competitors is about on the same level as other industries – based on multiple suppliers and buyers and the prevalence of homogenous products (nonbranded) c) Inherent volatility in earnings and underlying cash flows – due to volatile pricing of commodity products and responsiveness to economic cycles d) Above average and increasing prospect of industry regulation e) Above average and uncertain political risk – industry players have to pursue operations where mineral resources are found and in many cases this would include politically unstable regions f) Below average technology risks – due to the basic nature of the materials produced and licensing production technologies and methods among players in the industry 2 The BBB rating is applicable only to industry players...
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...prevention utilizing a risk prevention paradigm which uses evidence based intervention to control and prevent future risks of offending. Actuarialism was defined by Feeley and Simon (1994) as being a defined approach to crime control and management which dispenses with concerns about the meaning or motives behind offending and replaces these with an emphasis on ‘technologies’ of ‘risk minimization’ and the elimination of potential threats to social order. The Risk Factor Prevention Paradigm (RFPP) uses risk assessment and survey to identify factors in the key domains of a young person’s life that statistically increase the likelihood of offending or decrease its likelihood (Case, 2007. p. 92). Youth justice today is increasingly dominated by risk management however it has been heavily criticized. In this essay an explanation will be given of what the risk factors are, what the RFPP is and how actuarial practices are based on this methodological approach. It concludes that a focus on actuarial principles in the current youth justice system works against the fundamental principles of individualization in the criminal justice system . Society has become increasingly concerned with risk and the management of it. It is defined as being an uncertain prediction of future behaviour with the possibility that the behaviour will be harmful or negative. The National Crime Council’s Document Tackling the Underlying Causes of Crime (2002) provides five categories of risk factors which are quantified...
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...years through acts of cyber espionage and cyber-crime through the virtual space. In this context, the University of Dar es Salaam needs to develop policies towards cyber threats even through this has often be clustered and fragmented. Using theoretical and conceptual models this paper provides an informed understanding and critical assessment of the University of Dar es Salaam cyber security policy through addressing the following research questions: What are the IT risk management policy and systems that can be developed for the University of Dar es salaam? The primary data is collected through surveys, and interviews that are open ended and close ended. The results of the paper demonstrated that colleges and universities have been a target for cyber-attacks due to the fact that of the vast amount of computing power they possess, and they provide open access to their constituents and to the public. The research also showed that University of Dar es Salaam doesn’t have a comprehensive IT security risk management policy or guidelines that will guide the business process in the event of an IT security threat. Therefore the University needs to develop policiesthat provide roadmap for effectively protecting the availability, integrity and confidentiality of University of Dar es Salaam Information Systems. Chapter One Introduction 1. Introduction Cybercrime is one of the fast growing areas of crime. Accordingly, there have been increased...
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...RISK MANAGEMENT – AN AREA OF KNOWLEDGE FOR ALL ENGINEERS A Discussion Paper By: Paul R. Amyotte, P.Eng.1 & Douglas J. McCutcheon, P.Eng.2 Chemical Engineering Program Department of Process Engineering & Applied Science Dalhousie University Halifax, Nova Scotia, Canada B3J 2X4 2 1 Industrial Safety & Loss Management Program Faculty of Engineering University of Alberta Edmonton, Alberta, Canada T6G 2G6 Prepared For: The Research Committee of the Canadian Council of Professional Engineers October 2006 SUMMARY The purpose of this paper is to “seed” the discussion by the Research Committee of the Canadian Council of Professional Engineers (CCPE) on the topic of risk management. The paper is in part a research paper and in its entirety a position paper. As can be inferred from the title, the authors hold the firm opinion that risk management is an area of knowledge with which all engineers should have familiarity and a level of competence according to their scope of practice. The paper first makes the distinction between hazard and risk. The two terms are often used interchangeably when in fact they are quite different. A hazard is a chemical or physical condition that has the potential to cause harm or damage to people, environment, assets or production. Risk, on the other hand, is the possibility or chance of harm arising from a hazard; risk is a function of probability and severity of consequences. A description of the process of risk management is then given....
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...APPROACH TO PROJECT RISK MANAGEMENT Adam Greene; research student, Department of Civil and Building Engineering, Loughborough University ABSTRACT This paper is based on research into project managers’ influence upon the project and team structure, and their ability to manage risks. The individual risk philosophies of the team members are considered in light of the effect they may have upon risk management. This paper briefly reviews project management, risk and risk perception and their interrelated effects upon the construction process. It is suggested that just as risk philosophies of individuals affect the decisions made in their lives away form their professional careers, so their perceptions and experiences of risk can affect their professional decisions. The approaches utilised for the research to explore this theory are also discussed within this paper. Keywords: Process; Project Management; Risk Perception; Risk Philosophy INTRODUCTION This research is being undertaken as part of the Process Protocol II project (Cooper et al, 1998), for which the author is responsible for the mapping of the project and risk management activity zones. There are three related topics covered within this paper: risk propensity, defined as a person’s desire to either avoid or to take risks; risk preference, the perceived level of risk and uncertainty a person is willing to accept in a given situation; and risk perception, the subjective view of the perceived risk associated with...
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