...LDRRMF Accountability Form No. 1 “A” REPORT OF LOCAL DISASTER RISK REDUCTION AND MANAGEMENT FUND UTILIZATION For the Quarter Ending September 30, 2012 GENERAL FUND Province/City/Municipality: CITY OF MATI P 543,188,677.00 p 22,257,663.93 Estimated Revenue from Regular Sources: CALAMITY FUND Less: DISBURSEMENTS Pre-Disaster Preparedness Programs Management/Operational Expenses: Fuel, Oil & Lubricants Travelling Expenses Office Supplies Capital Outlay: Purchase of Office Equipment for OpCen Purchase of Vehicle for (OpCen) Projects and Programs: Construction of Flood Control – Sitio Calasagan, Barangay Sanghay __________________________________________________________________ Post-DisasterPrograms Aid given to Fire Victims in Mati during 3rd quarter of 201 Aid sent to DSWD for the Flood Victims in Manila _____________________________________________ _____________________________________________ Payment of Premiums on Calamity Insurance __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ __________________________________________________________________ SUBTOTAL BALANCE 102,920.00 13,980.00 7,780.00 68,000.00 1,482,000.00 99,530.00 ______________________ 1,095,000.00 500,000.00 _______________ _______________ ______________________ ______________________ ______________________ ______________________ P 3,369...
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...FACULTY OF MANEGEMENT TRIMESTER 3, 2012/2013 BFN 2094 Corporate Risk Management Lecturer: Miss. Kwan Jing Hui Major Assignment Commercial Property Insurance NAME | STUDENT ID | Yap Shoon Eu | 1102700243 | Tan Yi Ling | 1102700899 | Lee Jia Kee | 1102701272 | Kong Yoong Kwang | 1102701903 | Cho Der Hwa | 1102700103 | Loh Jian Li | 1102701693 | Contents 1.0 Overview and Objectives 1 1.1 Objectives ……………………………………………………..1 1.2 Overview………………………………………………………2 2.0 Scope of Coverage and Pricing Policy 3 2.1 Scope of Coverage………………………….…………………3 2.2 Pricing Policy…………………………………………………7 3.0 Relation to Current Practice in Malaysia 11 4.0 The Growth of Individual Health Insurance 15 5.0 References………………………………………………….……….19 1.0 Overview and Objectives 1.1 Overview Commercial Property Insurance (CPI) is an insurance that is used to cover risk of loss to an organization’s properties. Business owners can buy commercial property insurance regardless of whether they own, rent, or lease a building. Commercial Property Insurance provided either replacement cost coverage, actual cash value coverage, or a combination of both. Replacement cost coverage is to cover the payment of replace your property with new property while actual cash value coverage is to pay the replacement cost of the property minus depreciation. Although replacement cost coverage is more expensive than actual cash value coverage, it might better ensure that your business fully...
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...Research Studies–Proposal Requests Risk Management Section Research Topics BACKGROUND and PURPOSE The Joint CAS/CIA/SOA Risk Management Section Research Team was formed in 2005 to pursue research of interest to risk management professionals. Since its founding, the team has initiated and completed several research projects that have helped to propel Risk Management knowledge forward and set the framework for future efforts. In keeping with its desire to add to the risk management body of knowledge, the team is interested this year in receiving proposals for research on a number of specific topics. The specific topics are enumerated in the Research Objective section of this document with the intention to formally initiate projects on 3–4 of the topics this year. RESEARCH OBJECTIVE To advance knowledge in risk management, the Joint CAS/CIA/SOA Risk Management Team would like to receive proposals related to the following topics. The description of each of the topics has deliberately been written to be brief and open-ended in order to give potential proposers sufficient latitude in the development of the proposal: 1. An analysis and/or proposals of methodologies that can be used for validating models and providing effective model risk management. Considerations in addition to model validation may include sound development, implementation, and appropriate use, governance, and control mechanisms, board and senior management oversight, policies, and an appropriate incentive...
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...Reporting Practices and Ethics Paper Linda Flareau HCS/405 12/12/2011 Todd Brown Financial management of a medical care facility includes ethical standards and also reporting practices. The facilities have to report the financial information factually and fairly. With professional financial management and reporting practices, these facilities carry the high expectations to upholding ethical standards and behavior. The financial data helps to aid in the assessment of the timing, amounts, and uncertainties of flows of cash, and as well as furnishing data about the facilities economic resources, claims towards the resources, equity, and changes within the claims and resources. The manager’s most important challenge is to solving problems strategically. As to the development of a variety of academic disciplines, and to aid managers to responding to the challenge of developed problem solving, principles of management are categorized into a system of functions that are summarized as planning, organizing, leading, and controlling. * Planning is the function of which the management that includes setting goals and determines the course of action to achieving these goals. Planning requires that managers be good decision makers and it requires them to be aware of environmental conditions that the organization is facing as well as forecast future conditions. Strategic planning includes competitive threats and opportunities, along with the weaknesses and strengths within the...
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...Running head: RISK MANGEMENT 1 Risk Management CRJ 420 Written by: Bryant S. Green Professor: Dr. Jared Browne April 14, 2013 Running head: RISK MANGEMENT 2 ABSTRACT A High Identication Risk Assessment is tool that can be used to assess which hazards pose the greatest risk in terms of how likely they are to occur and how great their potential impact may be. It is not intended to be used as a prediction tool to determine which hazard will cause the next emergency. Risk hazards can impact your community are separated from those that cannot. This requires a review of all hazards and their causes to determine whether they may be a threat to your community. This may require the consultation of the scientific community, historical records and government agencies. Risk Assessment is the level of risk for each hazard is examined...
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...Introduction To start up a business there are different decision that one has to make, you will have to take into consideration a number of aspects of the business i.e. competition, customers, location. In this assignment I am aiming to formulate a report to show the process of starting a new business and to look at different areas of an existing organisation. I am focusing on a bricks and mortar business. A business plan is usually drafted by start-up businesses a range of information can be found in this document. Task 1 1.1: Discuss a range of decisions to be taken * What source of finance to use to start the business * How to find suppliers * The location * What strategies to put in place to deal with the competition Finance There are different sources of finance available for starting up a new business. The organisation needs to know the range of sources of finance and how it will affect the business in the long and short term. Sources of Finance could be Internal or external. Information on sources of external finances are available in different forms e.g. if it’s a bank loan information can be found on the banks website, leaflets or from a bank personnel. Information includes rates of interest to be paid on bank loan over what period of time. Suppliers The relationship between an organisation and its supplier is very important, as suppliers ensure both the price and quality of the product you sell. The supplier’s price dictates how much you sell...
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...Course Project for this class I would like to prepare my risk management plan based on the topic of “_____________.” I am currently trying to plan my XX Project that will include XXX. A brief overview of my project is XXXXX. This project is driven by the fact XXX. Outline: (Not a WBS) I. INTRODUCTION to the topic II. RISK MANGEMENT PLANNING i. Approach ii. Project charter/goals iii. Roles and Responsibilities iv. Risk Tolerances v. Budget and Timing vi. Reporting and Tracking III. RISK IDENTIFICATION vii. Identify Risks viii. Identify Triggers ix. Categorize Risks x. Assumptions Analysis xi. Diagramming Inputs to Other Processes IV. QUALITATIVE RISK ANALYSIS xii. Risk Ranking for the Wedding xiii. List of Prioritized Risks xiv. List of Risks for Additional Analysis and Management xv. Trend Results V. QUANTITATIVE RISK ANALYSIS xvi. Sensitivity Analysis xvii. Decision Tree Analysis xviii. Prioritized List of Quantified Risks xix. Probabilistic Analysis of Project xx. Probability of Achieving the Cost and Time Objectives xxi. Trend Results VI. RISK RESPONSE PLANNING xxii. Avoidance xxiii. Transference xxiv. Mitigation xxv. Acceptance xxvi. Risk Response Plan xxvii. Residual and Secondary Risks xxviii. Contractual Agreements xxix. Contingency...
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...Project Mangement Institute (PMI) A nonprofit international organization of project managers that promotes the field of project management. Risk Methodology A description of how you will manage overall risk. It includes the approach, required information, and techniques to address each risk. Risk Register A list of identified risks that results from the risk-identification process. Delphi method An information and opinon collection method that empoloys formal anonymous surveys in multiple rounds. Qualitative Risk Analysis A risk analysis method that uses mathematical formulas and numbers to assist in ranking risk severity. Risk Impact- High Very Likely to occur, Average Neither frequent nor rare, Low not very likely to occur, Critical- High Impact requires immediate response, Major- medium impact requires prioritized response, Minor- negligible impact requires an analysis to assess if a response is needed. Quantitative Risk Analysis uses mathematical formulas and numbers to rank risk severity. Exposure Factor (EF) The proportion of value of a particular asset is likely to be destroyed by a given risk, expressed as a percentage. Single loss expectancy (SLE) the loss for a single threat occurence. Annual Rate of occurance(ARO) The estimated annual probabliity that a stated threat will be realized. Annual Loss Expectancy(ALE) the annual estimated loss due to a specific realized threat. Steps Involed in performing a quantitative risk analysis for each item on your risk register ...
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...RESEARCH DESIGN OBJECTIVES OF THE STUDY ➢ Understanding credit risk management conceptually. ➢ Studying the various private banks practicing credit risk management. ➢ To make a depth study of the method in which the private banks in India go about credit risk management. ➢ Studying the difference between retail credit risk management and corporate credit risk management practiced by private banks. ➢ Understanding the importance of the credit risk management and how useful it is to the private banks and how it benefits them in various ways. PURPOSE OF THE STUDY The main reason to select “CREDIT RISK MANAGEMENT” as a topic is to understand the importance of the Role played by credit risk management department and/or practices when the bank lends money to its borrowers. In this project, I have tried to understand the difference between corporate credit risk management and retail credit risk management. The analysis and interviews with industry personnel has given me a practical and real life exposure to the banking scenario as far as the credit risk management goes, whereby I could correlate between the theory and their practical application. RESEARCH METHODOLOGY DATA COLLECTION The data collection i.e. the raw material input for the project has been collected keeping in mind the objectives of the project and accordingly relevant...
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...SCATTERGOOD V/S DAPHNE SCENARIO 1 : Scattergood is a HR of a company .Scattergood is anxious about involving subordinates in decision making of company , fearing a loss of authority and support. Scattergood thinks that because his organisation is constantly under pressure with tight deadlines to meet, he doesn’t have time to let employees join in the decision making process. Scattergood ‘s arguments : 1. He believes that participation would not work in his organisation 2. Scattergood is afraid of losing his authority if he gives his employees a chance to share in the decisions made in his organisation. 3. He believes if he disagreed with their decision he would have to overrule them and his authority and support would be undermined. 4. There is not enough time to let his employees participate in any decision-making. SCENARIO 2 : Daphne is another HR who has same authorities as scattergood & she argues back to scattergood Daphnes’ Arguments 1. If you allow your employees a voice in the decisions that affect them, they are more likely to support the final choice. 2. I feel that the decisions I am making are better since I have included my subordinates in the process. They are often closer to the problem than I am and, as a result, they can raise questions that I have not considered. 3. I have as much authority as I ever had and perhaps even more. In terms of my ability to get things done, I would say it has definitely increased...
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...Japan Julian Diaz III and Alan J. Ziobrowski Georgia State University Nico B. Rottke European Business School Using data from three countries that differ economically, culturally, and geographically, this study examines the role of Prospect Theory’s reflection effect, a psychological factor, in combination with Uncertainty Avoidance (UA), a cultural factor, on the choice of mortgage products. Experiments were conducted using business professionals in the United States, Germany, and Japan. The results suggest that risk-averse people tend to become more risk seeking, leaning more toward adjustable-rate mortgages (ARMs) when choosing a mortgage type, and that this psychological effect may underlie the mortgage choices of people who tend to choose ARMs, even across countries with different cultures. Keywords: Adjustable-rate mortgage, Fixed-rate mortgage, Prospect theory, Uncertainty avoidance, Experiment INTRODUCTION In terms of household risk management, the choice of a residential mortgage is one of the most significant decisions to make. At the end of second-quarter 2005, the value of outstanding U.S. residential mortgages was $8 trillion, 65% of the 2005 GDP (Federal Reserve Board of Governors [2005] In Germany, the residential mortgage debt ratio as a percentage of GDP was 51% at the end of 2006 (European Mortgage Federation). In Japan, the value of outstanding residential mortgages was 190 trillion Yen in 2005, which was 36% of the GDP (The Government Housing...
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...INF 370 – Information Security – Week #4-1 attendance check 1. Read the article “Privacy and Security / Emotion and Security” by Rose McDermott published in Communications of ACM, February 2012: http://dotlrn.aubg.bg/dotlrn/classes/departmentofcomputerscience/sINF370/INF370S12/file-storage/view/Handouts/Privacy_and_Security_-_Emotion_and_Security-Communications_of_ACM-February2012.pdf Make a short resume (about 200 words) of the publication. Responses to presumed threats or attacks are usually emotionally based. People tend to misunderstand or shift their attention to risks that are not very high while forgetting about the not-so-obvious threats. However, these threads are in most cases far more dangerous than the obvious and easy to predict dangers. According to Prospect Theory models individuals tend to weight probability not in the linear fashion advocated by standard normative models of probability theory, but rather the subjective functions that overvalue certain low-probability events. Fear and anger make people anxious and nervous, cause them to make worse decisions and make mistakes. 2. Using AUBG Web find what information security policy, standards, practices and procedures exist. What is the most important for a policy to be effective? http://www.aubg.bg/RapidASPEditor/MyUploadDocs/Information_Security_Guide.pdf For a policy to be effective it needs to be observed and applied. No matter how great a policy is if people do not comply...
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...life as opposed to a part-time movement. Finally the effectiveness of the team is measured by the group’s collective outcomes. Further, weighing the pro’s and cons to involvement of groups in decision making process can be cost effective. Research confirms that groups outperform the average individual by a long run. Therefore, our text mentions five important issues to consider when utilizing groups to making team building decisions. Groups are less effective than any one individual. The concept “two head are better than one” rings very clear in an environment setting. A group who presents the elements of over-confidence can foster “groupthink”. Our text defines some symptoms of groupthink which includes invulnerability where optimism and risk taking is embedded, rationalization- Eventually leadership roles take into account the situation and the members must agree upon something regardless of what others want, illusion of unanimity- silence is interpreted as agreement. These are the individuals who are unsure about a subject and decides...
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...There are many factors such as attitude, perceptions to influence people’s mind while making a decision to go on a holiday. Tourists’ decision-making relates to their behaviours. In this way, in order to share as much market as possible, it is worth to analyzing people’s behaviours. This assay will be evaluated in three sectors namely; psychological, personal, and social. (Marketing-consumer behaviour) First of all, within psychological field, motivation is being considered the most important one. There are dissimilar factors behind complex motivation. To be simplified, it is much understandable to analyze motives by Maslow’s(1970) Hierarchy which in order are physiological, security, social, esteem and the last, self actualisation needs. As soon as people achieve amount of level, they move on to the next stage gradually. For instance, in first stage human have physical needs such as hunger or thirsty; when they achieve the fulfilment, they move on seeking for higher order needs like security. (Cooper, Fletcher, Fyall, Gilbert & Wanhill, 2008) Attitude is another vital key of tourist decision making. Attitude is composed by cognitive, affective and conative. Cognitive, in other word, is called the belief or knowledge which based on previous experiences, individuals’ own opinion to the place or getting the information from other people; the affective describes the feelings and emotions about the destination and assess the experience basing on emotions; the...
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...machine guards shall be inspected by the equipment operator to determine that it is safe condition prior to each use for example defective guards. b) Reporting procedure for workplace safety and health issues Firstly they have to identify for examples unsafe equipment, unsafe condition/environment, injuries, near misses or even illnesses. Report to the immediate supervisor on site. The supervisor will write a report and the management will provides feedbacks on the issues and addressed it quickly. Before that the supervisor and the workers will act on the issues on hand immediately. c) The identification and reporting of potential hazards and resolving risk associated with work The 3 steps that are being used are hazard identification, risk assessment and risk control. Workers that observed and identify the potential hazards will report to the supervisor or manager seen in that area. Supervisor or manager will write a report and sent it to the safety department. All hazards reported are reviewed at the end of the month. Monthly hazard inspections are conducted every month using a hazard checklist. Job safety checks to see potential hazards while the workers are working and safety audits conducted by the safety department would result in written report and recommendations for improvement. d) Activation of emergency services In case of emergency such as illnesses or injuries the person at scene first will call for ambulance...
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