...Risk Management process- Comparison with Individuals and Corporate Entities:Literally speaking, risk management is the process of minimizing or mitigating the risk. It starts with the identification and evaluation of risk followed by optimal use of resources to monitor and minimize the same.Risk generally results from uncertainty. In organizations this risk can come from uncertainty in the market place (demand, supply and Stock market), failure of projects, accidents, natural disasters etc. There are different tools to deal with the same depending upon the kind of risk.Ideally in risk management, a risk prioritization process is followed in which those risks that pose the threat of great loss and have great probability of occurrence are dealt with first. Refer to table below: | | IMPACT | ACTIONS | SIGNIFICANT | Considerable Management Required | Must Manage and Monitor Risks | Extensive Management essential | MODERATE | Risk are bearable to certain extent | Management effort worthwhile | Management effort required | MINOR | Accept Risks | Accept but monitor Risks | Manage and Monitor Risks | | LOW | MEDIUM | HIGH | | LIKELIHOOD | The above chart can be used to strategize in various situations. The two factors that govern the action required are the probability of occurrence and the impact of the risk. For example a condition where the impact is minor and the probability of occurrence is low, it is better to accept the risk without any interventions. A condition...
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...The purpose of risk management is to identify potential problems before they occur so that risk-handling activities may be planned and invoked as needed across the life of the product or project to mitigate adverse impacts on achieving objectives. Risk management is a continuous, forward-looking process that is an important part of business and technical management processes. Risk management should address issues that could endanger achievement of critical objectives. A continuous risk management approach is applied to effectively anticipate and mitigate the risks that have critical impact on the project. Effective risk management includes early and aggressive risk identification through the collaboration and involvement of relevant stakeholders. Strong leadership across all relevant stakeholders is needed to establish an environment for the free and open disclosure and discussion of risk. Although technical issues are a primary concern both early on and throughout all project phases, risk management must consider both internal and external sources for cost, schedule, and technical risk. Early and aggressive detection of risk is important because it is typically easier, less costly, and less disruptive to make changes and correct work efforts during the earlier, rather than the later, phases of the project. Risk management can be divided into three parts: defining a risk management strategy; identifying and analyzing risks; and handling identified risks, including the...
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...Risk Management Project February 15, 2014 CPMGT/302 John Braeger The ever-expanding global market is saturated with obstacles and variables that lead to failure. When an organization decides to expand its global footprint the ability to mitigate risk will help increase the potential for success. This means the organization is going to have clearly defined objectives and goals, roles and responsibilities, and know how to properly employ tools and techniques used in risk analysis. The project team will need different access to different sources that will allow them to correctly identify risks associated with their particular project. All of these risks will need to be recorded and organized. This will allow the team and management to quickly reference and plan for all risks that have been identified. Each plan must be tailored, based on the needs of the project and the risk of the region. Expansion into a new region brings enough challenges in a domestic realm. Breaking into China only compounds the difficulty. Clearly defined objectives and goals are necessary in order to focus the efforts of analysis. The main objective of the project is to expand the company’s supply base to China. Success will allow the company to further expand in other markets and locations. The organization must develop relationships with other organizations, officials, and regulators in China. Furthermore, the company wants to expand its experience and knowledge so it can diversify its supply base...
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...Security Risk Assessment P1. Operational risk assessment is the process of determining what threats and vulnerability’s affect an organizations critical business processes. Operation risk assessment is a life cycle process that needs to be conducted often to determine if there are new threats and vulnerability’s to the organization. Without conducting a routine risk assessment an organization is left with exposure to hazards and accidents which lead to a loss. An operational risk assessment consist of risk identification, risk analysis and risk evaluation. The assessment is used to create a risk management policy which gives the best courses of action to mitigate from any threat and vulnerability’s. A risk is the possibility of a loss from exposure to a hazard by conducting an operational risk assessment the end result is to reduce the amount of risk to a project, equipment and personnel. Management are the ones who use risk management to minimize loss which reduces monetary loss and time for the organization. P4. The information assurance control procedures are the identification of assets, the classification of assets. The goals are to protect the confidentiality, integrity of availability of information by providing control measures. They are important because a company assets need to controlled due to so many exposures. The control procedures are used as a set of process and guidelines to ensure that an asset is classified correctly and given the correct level of protection...
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...1st draft Do Thi Ha Phuong 18249037 RISK MANAGEMENT 641 - ASSIGNMENT NO 1 TOPIC: PROJECT RISK MANAGEMENT PROCESS PART A – APPLICATION About the company and its functions. Joint Stock Company BT20 is established in 28/03/2012. The company operates in road construction areas. The company is implementing a restoration, renovation National Highway 20 project in Vietnam, Required main tasks of company are: clearance and compensation, the basic construction work, mine clearance, leveling, construction of roads, drainage and wastewater treatment systems, trees, power supply system. As well as any other investment, construction investment is likely to encounter risks to be inefficient investment as originally planned. Type of risks | Sub risk | Sub-Sub risk | Financial | Cost increases | Unreasonable Estimated costs.Weak Project Management | Natural | Unfavorable weather | - Raining- Storm | | Disaster | - Blood- Earthquake- Flooding | Safety | Accident in construction site | - Delay the construction- Reducing on reputant of company. | Time | Project duration is extended | - Cost for material increase- Lack of employee’s skills- Wrong estimate on cost- Lack of skill on project management. | 1. RISK IDENTIFICATION The effectiveness of the project is determined by three factors that are quality, cost and time (Saladis and Kerzner 2011). For the before and during the construction of NH20, the cost is considered to be one of the serious issues because...
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...establishing a ML/TF risk assessment process, some countries may choose to establish a more formal inter-agency working group or the like to oversee their risk assessment process. Round-table discussions, working groups of experts and taskforces of relevant agencies and bodies are other examples of how such a process may be organised. It is useful if the process is as inclusive and co-operative as possible. However, ideally there should be a clear determination and designation of the specific agency, organisation or “task force” in charge of leading and coordinating the process. See Annex III which contains examples of national-level assessments for specific ways that countries have organised their assessments. 24. As mentioned in the previous...
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...MET CS 682 – Module 2 Assignment 2 Development Process & Risk Analysis Date of Submission: January 29, 2014 Table of Contents Introduction 3 Scenario 4 Part I. Selection of a Suitable Development Process 5 Waterfall Approach 5 Iterative Approach 5 Agile Approach 6 Development Process for MallKiosk Development 6 Part II. Risk Analysis 8 Identification of Risk 8 Risk Analysis 9 Risk Management 10 Appendices 12 Appendix 1: Waterfall Approach 12 Appendix 2: Agile Approach 12 Appendix 3: Risk Management 13 References 14 Introduction This week’s assignment focus on the processes of system development and risk involved. For someone like me who never was part of the full design phase of the development process, I never knew the full concept of how the projects or applications were built from initiation. This assignment will allow me to have a high level understanding of the processes involved in system development, thereby allowing me to get a full grip of Project Management involved in the entire system development lifecycle. The 1st part of the assignment will allow me to identify and differentiate the 3 different development processes; waterfall, iterative and agile. I am hoping that after completing this part, I will somehow be able to identify the appropriate process for a particular application development. Among the 3 types of development approaches, the only one that I am familiar of is the waterfall approach. The 2nd...
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...Running Head: THE PROCESS AND PREVENTING THE RISK OF A TAX AUDIT 1 The Process and Preventing the Risk of a Tax Audit By Marivic Engquist National American University August 12, 2012 THE PROCESS AND PREVENTING THE RISK OF A TAX AUDIT 2 Abstract This paper illustrates how an Internal Revenue Service (IRS) audit strikes fears in individuals, small businesses and large corporations. By understanding the process of a tax audit and reporting information that is understandable, people can lesson some of the risk. According to Sidney Weisman, an attorney and senior editor with the Research Institute of America, publisher of tax materials for professionals, “the easiest way to survive a tax examination is to prepare for one at the time you fill out the tax return” (Rankin, 1981, p. 2.29). THE PROCESS AND PREVENTING THE RISK OF A TAX AUDIT 3 The Process of Lessoning the Risk of a Tax Audit The tax audit have been feared by many and embraced by the few. Even though there are ways to reduce the likelihood of an audit, one must understand how the audit process works. If selected, a tax audit usually means corresponding with the IRS, searching through files, and producing records. It can also mean paying additional taxes, interest, or a penalty. Reducing the likelihood of an audit...
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...away, it would take longer from him get the next scan started. Quinte needs to hire a new MR Technologist in order to keep up with demand, increase revenue, and increase patient satisfaction. This will add a cost of $38 per hour plus benefits, but will eliminate overtime for Jeff. Hiring a new MR Technologist will have the following benefits: increased productivity, less errors, alleviate workload for Jeff allowing for a backup when Jeff needs a day off, and increase revenues. The only cons of doing this are the new costs that will be added and the risk that this solution may not pay off. Having a back log of 14 days is a huge issue in the medical field. If a patient needs an MRI it is because something is wrong in their body and they need to figure it out ASAP. This is providing terrible quality of service to its patients. Extensive wait times have caused bottlenecks in the MRI process and have placed constraints on the overall process. Patients are going to be upset and bring their business to another clinic. Quinte is going to lose revenue and referrals from the doctor and other patients. I am confident that the scheduling system needs to be revamped. Patients need to be aware of what to wear to the appointment to save time, have a waiting list...
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...run. • How to handle the lease for the van, which has 18 months more to run. • How to handle the lease on for the kitchen equipment, which as six months more to run. Chris and Pat Smith, and Martin and Miller decided it was best to have a termination contact set in place to secure all partakers in their final decisions. They noted it was best for all to have precise, clear explanations all of all essential fundamentals for the termination of their business partnership. An acknowledgement of the effective termination date would need to be set, and all potential risks, if any, should be stated for all parties. The owners and the chefs would meet for a period of 30 minutes and try to dissolve their partnership. The owners and the chefs blame each other for the failure of At Your Service; however, all partakers should act as responsible, mature adults during the meeting. It would speed up the termination process; especially if all partakers can...
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...multiprogrammed operating systems To describe various CPU-scheduling algorithms To discuss evaluation criteria for selecting a CPU-scheduling algorithm for a particular system Operating System Concepts – 8th Edition 5.3 Silberschatz, Galvin and Gagne ©2009 Basic Concepts Maximum CPU utilization obtained with multiprogramming CPU–I/O Burst Cycle – Process execution consists of a cycle of CPU execution and I/O wait CPU burst distribution Operating System Concepts – 8th Edition 5.4 Silberschatz, Galvin and Gagne ©2009 Alternating Sequence of CPU and I/O Bursts Operating System Concepts – 8th Edition 5.5 Silberschatz, Galvin and Gagne ©2009 Histogram of CPU-burst Times Operating System Concepts – 8th Edition 5.6 Silberschatz, Galvin and Gagne ©2009 CPU Scheduler Selects from among the processes in ready queue, and allocates the CPU to one of them Queue may be ordered in various ways Switches from running to waiting state Switches from running to ready state Switches from waiting to ready Terminates CPU scheduling decisions may take place when a process: 1. 2. 3. 4. Scheduling under 1 and 4 is nonpreemptive All other scheduling is preemptive Consider access to shared data Consider preemption while in kernel mode Consider interrupts occurring during crucial OS activities Operating System Concepts – 8th...
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...5 2.1 Purpose 5 2.2 Scope 5 2.2.1 In Scope 5 2.2.2 Out of Scope 5 2.3 Assumptions 6 2.4 Reference 7 2.5 Functional Description – Reversal-Correction Process 8 2.5.1 Functional Overview 8 2.5.1.1 Current State Data Flow Diagrams 8 2.5.1.2 Future State Data Flow Diagrams 12 2.6 Related Application Requirements 19 2.7 Key Considerations 20 2.8 Source System Inputs 21 2.9 FDS/ODS Inputs 21 2.10 FDS/ODS Outputs 22 2.11 Logical Data Model Diagram – N/A 22 2.11.1 Table Definitions 22 2.12 Technical Description 25 2.13 Processing Logic 25 2.13.1 Functional Process Flow 25 2.13.2 Process 01 – Identification 29 2.13.2.1 Inputs 29 2.13.2.2 Outputs 29 2.13.2.3 Potential temporary/staging table definition 30 2.13.2.4 Processing Steps 31 2.13.2.5 Mapping document 31 2.13.3 Process 02 – Reversal 32 2.13.3.1 Inputs 32 2.13.3.2 Outputs 32 2.13.3.3 Potential temporary/staging table definition 34 2.13.3.4 Processing Steps 34 2.13.3.5 Mapping document 35 2.13.4 Process 03 – Delete 35 2.13.4.1 Inputs 35 2.13.4.2 Outputs 36 2.13.4.3 Potential temporary/staging table definition 37 2.13.4.4 Processing Steps 37 2.13.4.5 Mapping document 37 2.13.5 Process 04 – Correction 38 2.13.5.1 Inputs 38 2.13.5.2 Outputs 39 2.13.5.3 Potential temporary/staging table definition 40 2.13.5.4 Processing Steps 40 ...
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...Search/Seizure k) 551-721-4326 Perform Duties as Convoy Commander l) 181-101-2023 Enforce the Uniform Code of Military Justice (UCMJ) m) 181-105-2001 Enforce the Law of War and the Geneva and Hague Conventions n) 181-105-2002 Conduct Combat Operations According to the Law of War o) 224-176-2426 Enforce Compliance with Media Ground Rules p) 805C-PAD-2503 Enforce Compliance with the Army's Equal Opportunity and Sexual Harassment Policies q) 850-001-4001 Integrate Composite Risk Management into Mission Plans r) 805C-PAD-4359 Manage Soldier's Deployment Requirements s) 805C-PAD-4550 Prepare a Standing Operating Procedure (SOP) t) 805C-PAD-4597 Integrate Newly Assigned Soldiers u) 850-001-3001 Employ the CRM Process and Principles and Apply Them to Operations v) 850-001-2000 Employ the CRM Process and Principles and Show How They Apply to Performance of My Job/Assigned Duties 2) Guard detained prisoners of war a) 301-371-1052 Protect Classified Information and Material b) 301-371-1200 Process Captured Materiel c) 191-378-4303 Supervise a Riot/Crowd Control Operation with a Squad-Sized d) 191-410-0078 Supervise a Riot/Crowd Control Operation with a Company-Sized Element e) 191-377-4250 Supervise the Processing of Detainees at the Point of Capture f) 191-377-4252 Supervise the Escort of Detainees g) 191-377-4254 - Search a Detainee h)...
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...Who is the creater of CP/M? [Kildall] Who is the head of the Multics project. [Carbato] Which OS’s process scheduler reduces priority and increases quantum. [CTSS] Which one is the difference between a semaphore and monitor. [Last choice] If a system has 16 drives and each process can have 4 drives. What is the maximum number of n that the system is deadlock free. [5] Given the sequence below which processes will cause a page fault. (for FIFO – LRU) Write a loop that would create 10 child processes. (No more than 10). If a file is shared by two processes, can have read-only and the other read-write access. If yes how, if not what prevent it. What are some of the security features in UNIX or NT. How does NTFS directory system work. How does UNIX directory system work. Pick a Unix UNIX process scheduler and explain how (not why or when) it favors I/O bound processes to CPU bound processes. Explain and compare I/O software (programmed, interrupt, DMA). What is the problem with RAID4 and explain how RAID5 solves the problem. Disk arm scheduling algorithms readuce read time but what does Linux additionally do. How does Workingset Clock algorithm work. If seektime is 8msec and each track is 160KB. What is the access time to read 4KB. Couffman listed four requirements for a deadlock. Describe fourth one and how to prevent it. What are the advantages of inverted page tables. What is a soft link. Implement soft link and hard links...
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...Fall 2011 COMP 3511 Homework Assignment #1 Solution Handout Date: Sept. 22, 2011 Due Date: Oct. 6, 2011 Name: ______________ ID: ___________________ E-Mail: _____________ COMP 3511 L __ Please read the following instructions carefully before answering the questions: You should finish the homework assignment individually. There are a total of 4 questions. When you write your answers, please try to be precise and concise. Fill in your name, student ID, email and Section number at the top of each page. Submissions without this information will be discarded. Please fill in your answers in the space provided, or you can type your answers in a Word file. Homework Collection: the hardcopy is required and the homework is collected at the collection box (#6, #7) or in class. (22 points) Please answer the following question in 2-3 sentences 1) (8 points) What is the benefit of Direct Memory Access (DMA)? Is interrupt still needed when a DMA is used? Can DMA operations possibly interfere with CPU operations? 1. Answer: This frees up the CPU during I/O operation, so the CPU can be better used; Or to improve the CPU utilization (3 points). Interrupt is still needed when the DMA operation is completed in order to inform the CPU (2 points). If a DMA and CPU access memory at the same time, it can interfere with each other (3 points). 2) (4 points) Why is it necessary to separate user mode and kernel mode? Answer: This provides some level of protection so that user programs...
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