...The Benefits of Risk Management Benefit #1 One potential benefit of implementing risk management is that it enables better informed and more believable plans, schedules and budgets. The FMECA (Failure Modes and Effects Criticality Analysis) risk management technique is a qualitative method that is carried out by a single analyst. This technique is used to analyze the potential failure of equipment or systems. The analyst must have a thorough understanding of the system under investigation. The technique identifies areas of the project that have a high risk for failure so that resources can be used effectively on the problem regions. For a company like Yahoo!, which has a high focus on technology and an expansive database system, the FMECA technique would be extremely beneficial. Isolating the problem areas before implementing new hardware or a new system will provide the information they need to plan out such a project and make informed decisions regarding schedules and budgets. Benefit #2 Risk management discourages the acceptance of financially unsound projects. The use of the probability-impact table technique is an effective method for identifying the potential impact of risks. The risks are mapped out on a table and rated on a scale according to their probability and their impact on the company. Basically, it would identify what the possible risks are and how bad it could be if they happened. The risks being analyzed would depend on the project. If Yahoo! Is considering...
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...Running head: IMMUNIZATION:RISKS VS BENEFITS Immunization: Risks vs Benefits Gail D. Adams G124/ENC1101 Section 07 Abstract As the world population continues to grow, the issue of whether or not to immunize our children is one that needs to be investigated, and resolved. This paper will inform the reader of both the risks, and the benefits associated with immunization, as well as, dispel the rumors and misinformation surrounding the vaccines used. Immunization: Risks vs Benefits In the world we live in today, the incidence of serious or deadly disease still remains, and just because the U.S. has not had a pandemic recently, the possibilities of a disease of epic proportions is basically only a plane ride away. It is very important to be educated and informed about immunization, the risks versus benefits, so that we can be wise and immunize. Immunization Benefits Immunization against deadly diseases has been a hot topic for many years, and the public needs to be informed on both the benefits and risks that are associated with the vaccines, so that all people can make a well informed decision on whether or not to vaccinate. There seems to be many misconceptions about the vaccines, but the cold, hard, truth is that immunization prevents illness, disability, and death from vaccine preventable diseases such as: polio, diphtheria, pneumonia, rubella, tetanus, pertussis, measles, and rotavirus diarrhea. About 22.4 million infants did not receive the diphtheria...
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...Running head: THE RISKS AND BENEFITS OF SUN EXPOSURE 1 The Risks and Benefits of Sun Exposure An Informative Essay THE RISKS AND BENEFITS OF SUN EXPOSURE 2 The Risks and Benefits of Sun Exposure Tanned skin never used to be desirable. To look at people now one would never believe that statement. In the 1900s it was considered a sign of the lower class. Tanned skin was a direct result of manual labor, of having to work to provide either for ones’ family or their own livelihood. It could also be construed as a sign of poverty. Only the wealthy were untanned as they had servants or maids and work hands that did manual labor for them. In the 1920s tanning became popular with the wealthy, when Coco Chanel, the famous fashion designer, took a vacation to the Riviera. She returned with a deep tan. Tanning then became all the rage and became to be known as a symbol of wealth and leisure (Longe, J, 2011 p2160). Today, tanning is still considered fashionable. People pursue it for cosmetic reasons as well as for competitive reasons. Bodybuilders tan, as it defines the cut of muscles and makes them stand out. (All about Suntans and Tanning 2013). In beauty competitions contestants tan to look healthy. Skin is most associated with healthy outdoor activities and vacationing in sunny locations. The reality is that the tan color which results on the skin from exposure to the sun, is actually the skins’ reaction to damage ...
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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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...BONDS: TYPES, RISKS, AND BENEFITS When a corporation wants to borrow money from the public on a long-term basis, it does so by selling securities that are called bonds. There are different types of bonds available, each with different risks and rewards. The different factors associated with each type of bond, determines how it fits into your portfolio. A bond is an interest-only loan, where the borrower will pay the interest every period, and then repay the principal amount at the end of the loan. The value of bonds fluctuates. When the interest rate increases, the bond becomes worth less. When interest rates fall, the bond becomes worth more. A bonds value at a particular point in time, known as its yield to maturity, can be calculated by using information such as: the number of periods to maturity, the face value, the coupon or stated interest payment made on a bond, and the market interest rate for bonds with similar features. With this information we can calculate the bonds yield to maturity (YTM) or “Yield” for short. The US government is the biggest borrower in the world. In early 2009, the total debt of the US Government was approaching $11 Trillion Dollars. When the government wants to borrow money for more than one year, it sells Treasury Notes/Bonds to the public. Most US treasury bonds are just ordinary coupon bonds. Some older issues are callable meaning the government can repurchase the bond at specific price prior to maturity. Treasury issues have...
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...A New House Risks and Benefits * In general terms, national fiscal policy refers to the way in which a government’s spending and taxation policies are able to influence the economy. Governments tend to use fiscal policy to control aggregate demand, price stability, economic growth and employment. Fiscal policy is a contrast to monetary policy, the alternative macroeconomic policy whereby attempts are made to stabilize the economy by controlling the money supply and interest rates The Federal Reserve System is the central banking system of the United States. It was created in 1913 with the enactment of the Federal Reserve Act, and was largely a response to a series of financial panics, particularly a severe panic in 1907. HUD, That is the Housing and Urban Development, FHA, FEMA, DHS, and a bunch of others all affect the housing market. Deductability of mortgage interest and real estate taxes. Anything that the the government does that affects tax receipts/expenditures (aka fiscal policy) changes demand for housing. When the demand for housing changes mortgage rates, prices, etc. all change accordingly. A government could provide tax concessions to encourage builders to develop on greenfield sites rather then brownfield sites, thus increasing the overall supply of housing. This in turn should theoretically have the result of driving housing prices down. From the perspective of homeowners, certain government taxation will have a direct impact on housing prices. Placing a...
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...Two government agencies that can influence national fiscal policies that can affect the housing market are the Federal Open Market Committee and the U.S. Department of Treasury. The Federal Open Market Committee sets monetary policies that affect interest rates, employment, and inflation. These monetary policies are created through the regulation of the amount of currency that is in circulation through the sale or purchase of T-Bills. If the Federal Reserve Banks purchase T-Bills more currency is then released into circulation which will lower interest rates. If the Federal Reserve Banks sell T-Bills currency is taken out of circulation which in turn raises interest rates. Private banks use these base interest rates to then determine the amount of interest to charge its customers when they wish to borrow money in the form of personal loans, construction loans, building loans, and mortgages. If interest rates are high, mortgage rates will also be higher. The higher the rates the less likely consumers will apply for a mortgage to purchase a new home. The Federal Reserve also purchases mortgage-backed securities to provide support to the mortgage and housing markets and to improve conditions in financial markets. These purchases allow entities such as Freddie Mac and Fannie Mae to provide more mortgages to consumers (Burek, 2010). The U.S. Department of Treasury controls the value of the dollar which impacts the economy through inflation. The Treasury can affect the housing market...
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...will determine whether or not a lender may borrow money from the Federal Reserve to finance the mortgages that people are applying for. These loans also include construction loans for new homes, which will affect new home sales, prices, and the market. Higher interest rates will raise wholesale home prices because of the cost of borrowing it however when interest rates are too high people can no longer borrow the money making the prices begin their decline. The government bodies that influence the national fiscal policies that potentially affect the housing market are the Federal Reserve. This body decides the rise and fall of interest rates. The risks in buying a home right now are that if the housing markets continue to decline your homes value may end up being less than what you still owe with your mortgage company. The benefits are that if you purchase a home it is your property, it is part of your estate and is basically an investment as typically housing markets see an overall increase in value over the years and if you maintain the value of your home it will end up being worth more if and when you sell...
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...Allison Hensley English 101 Ruth Bogart 10-10:50 a.m. 16 Nov 2015 Childhood Vaccinations: The benefits and risks By age 6, more than 95 percent of American children have received the recommended dosages of vaccines to protect against the most serious childhood diseases (Jost.) Vaccines can prevent diseases that once killed or seriously injure children can now be prevented. Vaccines are necessary for children, it not only helps them from dying, but they also help prevent a breakout which could kill adults too. Diseases that have killed children in the past now claim only 10 percent of the lives they did before. The opposing side feels children are getting too many shots and parents worry it could be bad for them. Children can also have bad reactions to the shots and some may lead to death. In 1960, children received 19 doses of four different vaccines before they reached school age. Today, an American child receives up to 39 doses of 12 different vaccines most given during the first two years of life (Knoch.) Parent worry their kids might be harmed by these vaccines because they are so young and get them so frequently. However, without immunizations kids are more susceptible to diseases that can now be prevented. Less children have died because they have had the vaccine. 1 in 3,000 chance a child can develop a fever from receiving a vaccine (George.) Vaccines help children more than hurt them. Vaccines for Children is a program that was designed to raise the immunizations...
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...purchasing a home. This is the only way they will be able to save money it to sacrifice other things they like. There are different things an individual purchasing will need the money for such as taxes and mortgage and home owner’s insurance. Also the buyer would have to put in time and effort when searching for the home, not to mention the lender. If that person(s) understand the value of trade-offs and understand the cost that is available they will be able to make some high-quality decision. Cost also plays a big part in purchasing and or shopping for a home. Marginal decision making can help explain some other puzzling economic phenomena (Mankiw, 2007) for an example why is renting sometime cheaper and buying a home cost so much? Marginal benefit is bases on that extra unit of goods and the reason in which a person is willing to pay much more for his or her new...
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...Benefits vs. Risks of Outsourcing IT Services Benefits Vs. Risks Of Outsourcing IT Services The Chron article, “Benefits vs. Risks of Outsourcing IT Services” focuses on the benefits and risks associated with outsourcing information technology (IT) and services. It also suggests that businesses carefully weigh the benefits and risks of outsourcing their IT functions. The article cites four benefits and three risks that are commonly associated with outsourcing IT services. The benefits include: 1) Saving money. This is one of the most important reasons why companies choose to outsource because it frees up capital for business operations that directly produce revenues. 2) Controlling expenses. Outsourcing functions to businesses that specialize in IT services reduces internal operating costs and allows for more competitive pricing of goods and services. 3) Focus on Core Operations. This allows managers to focus on business goals and objectives without splitting time and energies outside of their competencies. 4) IT Resources Near Those of Big Businesses. Outsourcing IT functions allows small businesses to gain more equitable cutting edge technology and services that are comparable to large businesses. Conversely, the author cites the following risks associated with outsourcing IT: 1) ‘Dubious Accessibility’. The company may experience lengthy downtime during caused by system failures, which are likely to result in loss of money and productivity. 2) Loss...
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...Risk and Benefit of a New House The Federal Reserve is one government body that has an effect on the housing market. The Federal Reserve is in charge of monitoring the economy and has the ability to rise and lower interest rates on loans and mortgages to keep the economy balanced. When interest rates are high, the total purchase of a home is higher because more interest is being paid on the mortgage. Interest rates have to be considered because they are included in the mortgage payments which makes payments higher and raises the total investment in a home. Federal banks can affect mortgage rates and housing prices because they have the opportunity to also determine interest rates that will affect mortgage rates. Congress also has the authority to make policies such as the $8,000 tax break for buyers purchasing a home to help assist in the financial burden of a new home purchase. There are also other discounts for first time home buyers and assistance when you buy a home through HUD (Housing and Urban Development) or FHA (Federal Housing Administration.) With the economy the way it stands today, there is a good supply of homes at low prices to be purchased and interest rates are lower and it would be a good time to consider purchasing a home if your employment is stable enough to withstand the time frame for the economy to pull back into shape. A mortgage is a long term commitment and one has to take careful consideration of housing cost and interest rates and making sure the...
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...Huffman Trucking: Benefits Election System Security Lisa M. Gardner CMGT442: Information Systems Risk Management March 19, 2012 Craig McCormick Huffman Trucking: Benefits Election System Huffman Trucking Company has requested a new Benefits Election System to be implemented within the organization. The current benefit packages include medical, dental, and vision plans for employees. For the Benefit Election System, employee information and the benefit package they choose are stored and managed on a database system. This can either be a hardcopy paper file or an electronic file. Regardless of the storage method, security measures need to be implemented to protect employee’s privacy and information as well as preserve company assets from theft and/or litigation. Huffman Trucking Huffman Trucking has implemented such a system called the Benefits Election System, which assists management in tracking and reporting employee benefits (University of Phoenix, 2005). This paper will examine the security risks and requirements of the Benefits Election System of the organization. Security Requirements Ensuring the security of organizational and employee information is vital for any organization. Security misfortune can be damaging to the organization and the affected employees. In the case of Huffman Trucking information stored in the database includes...
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...Work-Related Project Analysis, Parts I and II BSA 376 July 9, 2012 Michele Busby Work-Related Project Analysis, Parts I and II Implementation stages which are continually regarded as dull take substantially longer times and more resources than the rest of the project. Additionally, the stages for implementation are interdependent on each other hence; during the implementation the complexity of the project is at the highest. Throughout this paper I will discuss the development and implementation stages for my project which is for a Private Jet Charter organization known as Exec Jet Club. Included in this paper will be the major activities, coding, testing, installation, and documentation for each activity involved with Exec Jet Clubs project. Major Activities The very basic decision to be made is the order that program development will occur. Several orders are conceivable, and a few of these include: * Bottom-up * Top-down * Input, process, output. Each project is unique in its own way and may take a combination of these, or the addition of constraints. Input, Process, Output (IPO) Development The order of development is determined by how data will flow through new system. Developed first are the modules, or programs that require external input. Next are the modules or programs that will process the input and convert it to output. Last developed are the modules or programs that create the output. The IPO order can be determine by examining the flow chart...
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...Medical Marijuana Should Be Legal, the Benefits Outweigh the Risks Kathleen Shanks Professor Shultz Composition II - 56 March 15, 2015 The cry being heard throughout small-town America, “Medical marijuana should be legal, the benefits outweigh the risks!” Medical marijuana is a very touchy subject. Some people think it should stay illegal because of it being labeled as a non-beneficial street drug. Many states have already decided that the people of their state should have the benefits associated with the use of medical marijuana, Colorado, to name one, has worked it out so that there are laws regulating the growing, sales and consumption of this product. Other states are looking into the possibility of following suite with Colorado. There is a great amount of revenue to be made from growing and legal sales for medicinal use. They are also looking into the medical benefits to people with any number of illnesses. Some people claim that it is a “gateway” drug. Some claim it will ruin the economics of their town or county or even state, by not having the revenue created by those who break the law by selling, buying or using; if it is made legal. There are not enough people looking into the economic factor of being paid to grow so many plants per person being treated. After being a person who lost a loved one to cancer, it is easy to see where the use of medical marijuana could have helped that individual through what must have been the worst period of a life time. My father...
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