...Business and Commercial Awareness ------------------------------------------------- MODULE CODE: 6FBS1261MODULE LEADER: Mr. Neil GodfreyImplementation PlanMember: Jenna Julien ID NUMBER: 13028960Programme Delivered by:CTS College of Business and Computer Science Ltd.Submission Date: 07/01/2013Final Word Count:1302(Excluding, Table of Contents, Tables & References) | Table of Contents Section 1.0 1 OVERVIEW OF INVESTMENT AND IMPACT ON FINANCIAL DEPARTMENT: 1 Section 2.0 2 LINKAGES WITH OTHER DEPARTMENTS: 2 Section 3.0 3 MILESTONES AND TIME PLAN FOR FINANCIAL ACTIVITIES: 3 Section 4.0 4 RISK MANAGEMENT PLAN: 4 TABLE 1: Showing Risk Plan for Implementation Plan 5 TABLE 2: Showing Risk Assessment for Implementation Plan 5 Section 5.0 6 FINANCIAL OVERVIEW OF INVESTMENT: 6 COST-PLAN 6 TABLE 3: SHOWING DETAILED EXPENSE ACCOUNT 7 TABLE 4: SHOWING TOTAL PROJECTED YEARLY INCOME 8 TABLE 5: SHOWING PROJECTED COST-INCOME RATIO 8 TABLE 6: SHOWING TOTAL FORECASTED PROFITS 8 TABLE 7: SHOWING PROJECTED PROFIT-INCOME RATIO 9 TABLE 8: SHOWING PROJECTED BREAK-EVEN PERIOD FOR 9 Section 6.0 10 RESOURCE REQUIREMENTS BY THE FINANCE DEPARTMENT: 10 Section 7.0 11 KEY PERFORMANCE INDICATORS 11 Section 8.0 12 REFERENCES 12 Section 1.0 OVERVIEW OF INVESTMENT AND IMPACT ON FINANCIAL DEPARTMENT: The 3 star new build in Rio de Jainero, Brazil was chosen as the best investment idea by our syndicate...
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...RESULTS-BASED PUBLIC SECTOR MANAGEMENT A Rapid Assessment Guide PLAN EVALUATE BUDGET RESULTS MONITOR IMPLEMENT i RESULTS-BASED PUBLIC SECTOR MANAGEMENT A Rapid Assessment Guide © 2012 Asian Development Bank All rights reserved. Published in 2012. Printed in the Philippines ISBN 978-92-9092-838-6 (Print), 978-92-9092-839-3 (PDF) Publication Stock No. TIM124978 Cataloging-In-Publication Data Asian Development Bank Results-based public sector management: A rapid assessment guide. Mandaluyong City, Philippines: Asian Development Bank, 2012. 1. Managing for development results 2. Results-based management 3. Public sector. I. Asian Development Bank. The views expressed in this publication are those of the authors and do not necessarily reflect the views and policies of the Asian Development Bank (ADB), its Board of Governors, or the governments they represent. ADB does not guarantee the accuracy of the data included in this publication and accepts no responsibility for any consequence of their use. By making any designation of or reference to a particular territory or geographic area, or by using the term “country” in this document, ADB does not intend to make any judgments as to the legal or other status of any territory or area. ADB encourages printing or copying information exclusively for personal and noncommercial use with proper acknowledgment of ADB. Users are restricted from reselling, redistributing, or creating...
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...Risk Plan Recognizing and Minimizing Tort and Regulatory Risk Plan LAW/531 September 29, 2010 Introduction Alumina, Inc. makes aluminum products and has revenues of over $4 Billion Dollars. The company is based in the United States (US) with operations in eight other countries around the world. The US accounts for 70% of Alumina’s market share. Alumina has business interests in automotive components and manufacture packaging materials, bauxite mining, and Alumina refining and smelting. The company falls under the jurisdiction of Region 6 of the Environmental Protection Agency (EPA) (University of Phoenix, 2010). Recognizing and Minimizing Tort and Regulatory Risk Plan Companies and organizations such as Alumina, Inc. have corporate governances that require them to operate their businesses under government rules, regulations and boundaries. The rules and regulations have been authorized and enacted by major legislation, which are enacted by Congress and enforceable by laws. Minimizing the risk of tort liability is the goal of every organization and company. Five years ago Alumina was in violation of environmental discharge norms in a routine EPA compliance evaluation inspection. The EPA ordered a cleaned up and Alumina complied right away. Now, the case of negligence starts. The government places a high level the importance on the preservation of the environment and enforces environmental regulations. Alumina has to come up with a risk management plan...
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...adequate protection of information or have been so restrictive that they have prevented companies from making the maximum use of information to innovate, collaborate, and achieve competitive advantages. The security approach that many organizations have been forced to take in the past have been a reactive approach rather than viewing information security as a business enabler they see it as a inhibitor, designed to prevent bad things from happening. The problem with this is that good efforts in one area can be quickly nullified by failures in another. To help with its security transformation, Global called upon the expertise of CIS, its own security division, CIS’s information risk management strategy brings together, within a global framework, all the components that an organization needs to plan and implement an end-to-end approach for protecting a business’s most critical information assets. Looking a compliance you have to understand that there are certain laws that apply to financial data. The question at hand is looking at reporting from a unsecure network. Bringing in a risk team will first a foremost put that to a stop, finance data should not be reported over unsecured networks, this can a violation of compliance law by letting information out be that either non encrypted or passing it along where it is vulnerable. Assuring the integrity and security of personal information held by banks, insurance...
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...Risk Management Plan for Defense Logistics Information Service 1. PURPOSE This Risk Management Plan is an overall look at how Defense Logistics Information Service can protect it’s data. The implication of lost confidential government data is the primary cause for this plan, and will be treated with the utmost importance. 2. GUIDING PRINCIPLES This plan will be presented through a formal, written, written risk management, and security safety program. The Security Safety and Risk Management Program supports the DLIS philosophy that government safety and risk management is everyone’s responsibility. Teamwork and participation among management, providers, and staff are essential for an efficient and effective patient safety and risk management program. The program will be implemented through the coordination of multiple organizational functions and the activities of multiple departments. DLIS supports the establishment of such clauses and best practices. An in depth look at mistakes made and ways we can learn from them will be at the forefront of out investigation. Constructive feedback will play a large part as well. In a just culture, unsafe conditions and hazards are readily and proactively identified, mistakes are openly dicussed, and suggestions for systematic improvements are welcomed. Individuals are still held accountable for compliance with safety and risk management practives. As such, if evaluation and investigation of an error or even reveal reckless behavior...
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...Talent Management The process of determining staffing levels aims to identify the numbers and types of employees needed to be successful in solidifying the business plans and strategies for an organization. Organizations apply several different techniques to accomplish this task. However, there are ways to implement fundamental building blocks to set a baseline for success; but due to numerous variables, a step-by-step concrete solution for determining staffing levels cannot exist. Consistent within any stage of strategic staffing, it is crucial to understand the overall plans and strategies of the business and what factors are driving staffing. As discussed by Heneman, “organization effectiveness and staffing systems exist, and should be used, to contribute to the attainment of organizational goals such as survival, profitability, and growth. A macro view of staffing like this is often lost or ignored because most of the day-to-day operations of staffing systems involve micro activities that are procedural, transactional, and routine in nature. While these micro activities are essential for staffing systems, they must be viewed within the broader macro context of the positive impacts staffing can have on organization effectiveness” (6). Managers and Human Resources must share a common understanding of the business needs and react through implementing corresponding staffing levels. Only with a common perspective between management and human resources can staffing levels...
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...Strategic Staffing Page 1 Strategic Staffing HRM 600: Human Resource Planning Professor Deroeck Megan Purdy Mpurdy77@gmail.com March 23, 2015 Strategic Staffing Page 2 In today’s business world, there are constant changes taking place that includes the process of staffing. Staffing has often been thought of as a reactive process, in that when an employee quits or is let go, Human Resources must immediately go through the process of filling that position. The hiring process has certainly evolved over time and has become somewhat more complex. To be effective in staffing, the organization needs to offer their support to the Human Resources team to engage in new and innovative methods of strategic staffing. In most organizations, the Human Resources department should be providing information concerning the staffing strategy and then be responsible for developing particular processes to be able to support the strategy. A typical staffing strategy should include the following parts or guidelines to be most effective: Overview, Alignment with the Goals and Strategy of the Organization, Filling Open Positions, Balancing the Staff, Meeting Diversity Goals, Retention of Employees, Development and Training of Employees and Workplace Environment. (Mochal, 2003) The overview will be an area that will define any important trends in the industry or particular factors that will affect staffing. The aligning of goals and strategy of the organization...
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...ORGANIZING Organizing as a management function is concerned with (1) assembling the resources necessary to achieve the organization's objectives, and (2) establishing the activity-authority relationships of the organization. Planning has established the goals of the company and how they are to be achieved; now, organizing develops the structure to reach these goals. ' The activities necessary to achieve the objectives are grouped into working divisions, departments, or other identifiable units primarily by clustering similar and related duties. The result is a network of interdependent units. Each unit (and each person in-the unit) should have clearly defined authority, or a clearly defined list of duties, and one person to whom to report. Organizing is not done once and then forgotten. As the objectives of the company change, * they, will influence the structure of managerial and organizational relationships. One thing is certain in organizing—changes that occur both within and outside the organization will require new approaches, plans, and organizational units. STAFFING Staffing is concerned with locating .prospective employees.to fill the jobs created by. the organizing process. Staffing involves the process of reviewing the credentials of the candidates for the jobs and trying to match job demands with the applicants' abilities/After the employment decision has been made-—the position is offered and accepted— staffing involves orienting- the new employee to the company...
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...Course Project Project Risk Management Contents Introduction 4 Statement of work 5 Statement of Work—Project Description and 6 WBS 8 Risk Analysis and Probability Matrix – Qualitative Analysis 10 Risk Register 11 Decision Tree 11 Decision Tree Analysis 11 Fault Analysis Tree 12 Fault Tree Analysis Summary 12 Conclusions 13 Works Cited 13 Introduction Sherdon and Anissa Webb have been working parents for over 18 years. Both individuals understand the hardship of starting out and making yourself marketable in the corporate world. Now that their eldest son is in college, and they have seen how hard it was for him to get summer jobs and student work studies, they want to make the path a bit easier for their younger children. Their hope is to start a small business that will eventually become a family affair. This business will help the community as well as allow their children to have summer work growing up and instill in them the entrepreneurial spirit. As part of working class America, Sherdon and Anissa do not have a lot of income at their disposal. They will be investing all of their savings into this business, therefore, proper planning is a must. The business that they have decided to open is an employment agency. After researching the industry, both feel as though there is a market for this service and that the time it will take to open the business is reasonable...
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...Iceson Operations Management Dr. Kyle Peacock December 12, 2011 Develop a staffing plan for RWBFC in accordance with the constraints stated in the case. This staffing plan recognizes the significant commitment of human resources necessary to accomplish the job and its requirements. It also recognizes that the Red, White and Blue Fireworks Company (RWBFC) must continue to provide a high level of service and maintain the same level of productivity while this project is underway. The Red, White and Blue Fireworks Company’s staffing strategy is to minimize labor costs by staffing only what is needed for current production due to its inability to expand at the current facility. Staffing levels are rebuilt or contracted as determined by production schedules and as reflected by staffing requirements and constraints. To minimize the potential for over or under staffing, hiring should be based on a review of RWBFC’s production schedule and a review of at least 2 to 3 months forecasting. In order to develop the staffing plan for RWBFC the basis of estimate analysis needs to be used, considering the following constraints: * RWBFC needs to operate ten hours a day * RWBFC needs to operate seven days a week * Employees must have three consecutive days off * The manufacturing process requires a minimum of 20 employees The following table represents a simple schedule that meets all constraints and satisfies minimum daily staffing requirements. # of...
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...Planning and Staffing: How are they connected? We hear the statement: “HR Planning is the foundation of staffing under the new PSEA”. But what does this mean and how do we make it happen? Background HR planning is a generic term that can have many different meanings. For the purposes of this discussion, we mean the following: HR planning is a process that identifies current and future human resources needs for an organization to achieve its goals. It means forecasting an organization’s future demand and supply for employees, based on its business needs; and subsequently developing and employing the strategies required to meet these needs. It involves a gap analysis between current HR supply and future demand. Strategies are then developed to address the gap and may involve recruitment, internal staffing, development, training, contracting and partnering, and activities relating to downsizing. “Forecasting future needs” implies understanding the future business directions of the organization so that the HR needs can be appropriately identified. HR planning can be conducted at the organization level or at any component level but a key to success is always understanding and linking to business direction. HR Planning always starts with understanding the business needs of the organization. There may also be a need to further develop and refine plans for the strategies that are going to be employed and this may result in separate, or integrated, staffing plans, training plans etc. But HR...
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...Bachelor of Secondary Education Major in Social Science Professor: Dr. Gary B. Lapiz THE MANAGEMENT PROCESS Management is defined in different ways. It is the process of designing or maintaining an environment in which individuals, working together in groups, efficiently accomplish selected aims, Weihrich, (1993). According to Mahony (1961), “It is the unifying and coordinating activity which combines the actions of individuals into meaningful and purposeful group endeavor”. Terry (1982) defined management as a “distinct process consisting of planning, or organizing, actuating, and controlling performed to determine and accomplish the objectives by the use of people and resources”. For Massie (1964), it is a “process by which a cooperative group directs action toward common goals”. Drucker views management as a discipline and a field of study that denotes a social position and authority involving people and their functions. Koontz considers management “to accomplish desired objectives by establishing an environment favorable to performance by people operating in organized groups”. Other scholars define management as an act of handling, directing, or exercising control and supervision on the functions of the organization. It is in the process of designing and maintaining an environment in which individuals work together in groups to accomplish selected objectives. Management processes are the methods that aid the structuring, investigation, analysis, decision-making and...
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...Inadequate nursing staffing levels are known to influence on patient’s rate of complications, falls, medication errors and overall patient’s conditions. American Nurse Association found that 54 percent of nurses on medical unit report that nurses are not spending enough time with patients. Because nursing labor cost consumes the largest fraction of budget, many hospitals trying to save money by requiring nurse to work longer hours and care for more number of patients. This short-sight solution not only creates heavier work load to staffs but also threatens patient’s safety. There are no absolute answers to determine nurse to patient ration because it affected by variety situations and acuity of patient as well as units. However, since appropriate nursing staffing affects the patient and nurse mentally, physically and medically but also the financially, this issues must be addressed by Registered Nurses when one encounter with unsafe nurse-to-patient ratio. Nursing Staffs for Patient’s Safety When RN encounters with inadequate staffing, one must notify to direct supervisor because unsafe staffing is an important factor that threatens patient’s well-being. Management becomes accountable to provide adequate staffing for the nurses and the patients. Hospital faces the challenge to reconcile between their own needs and patient’s safety by providing enough nursing staffs. It would be easier if management incorporate collective factors into the staffing plan such as patient...
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...The Management of Human Resources HEINZ WEIHRICH Few managers would deny that people are critical to the success of an enterprise. In fact, most would agree that people are the most important asset of an enterprise. Yet, the development of these human resources is seldom managed in a systematic manner, although much time and money are invested in the recruitment, selection, and training of people. It is true that many companies engage in some human resource planning activities, but it is equally true that many of these companies encounter difficulties with a piecemeal approach to staffing. Usually there is little or no integration between human resource planning and other managerial functions such as enterprise planning, organizing, leading, or controlling. Furthermore, human resource planning activities are often not carried out systematically. The purpose of this article is to introduce ways to overcome these limitations by using a conceptual human resource model that integrates the various aspects of human resource planning and links them with other managerial functions.1 THE SYSTEMS APPROACH Human resource planning should not be considered in isolation; rather, it should be an integral part of the total management system, as shown in Figure I. Specifically, enterprise plans become the basis for organization plans, which are concerned with the structure and activities necessary to achieve enterprise objectives. The present and forecasted organization structure determines...
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...New Health Medical Systems Staffing Strategy HRM/548 Gwendolyn Ford June 2, 2014 Jennifer Familant One of the main issues that needled American today is the provision of a new strategic healthcare system. With Medicare on the rise the prediction is by the year 2019 there will a vast number of people uninsured and depending on Medicare to compensate for medical treatment. The primary issue of healthcare in the United States is a leading part of the health medical system staffing problem because the staffing relies on Americans utilizing physician care. Understanding and developing current strategies will align organizations with new innovative ways to implement business strategic direction, and recommend staffing strategies that will meet the need of the organization’s goals are topics that will be address in this paper. Communicating a guided vision is the key role to planning strategically. Implementing any type of plan for the business should be deliberate strategically in order for the business to operate daily. The involvement of a diverse team of employees at any level in the organization can help to construct a communal vision, and growth all individual's in the organization motivates to understand the success of the plan. Simplicity and constant communication, from planning anticipate consequences that design the measure of performance can be vital to the success. Effective staffing frequently involves groups with simplicity of the shared vision, and extensive...
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