...Will Your Workers Sue You? State-By-State Risks and Strategic Responses. Facing lawsuits by employees is something that every company has to be cognoscente of. The human resources department needs to stay on top of the newest and latest information such as any changes in the laws and strategies to avoid lawsuits. By following the three metrics outlined in the article; severity, frequency, and range and applying risk management techniques can help to prepare but may never really avoid lawsuits. Some employees are out to make a quick paycheck and will jump at the chance to sue the company for anything they can say was done wrong by the company. Like most HR strategies, there is no one strategy that works for every employer. Factors that have an impact on frequency or number of losses are geography, racial diversity, and economics. Something I found interesting was that a state’s citizens views; either liberal or conservative may have an impact on loss exposure. In the more liberal states more money was awarded to the plaintiffs than in the more conservative states. One of the other items I found interesting but also surprising was how attorneys could “forum shop” and file in a state where the jury might be more sympathetic to the plaintiff 1. I must admit that I don’t have a lot of experience with lawsuits against companies but it seems like most of the lawsuits I have read about have been or can easily be won by the employee. There was a time when all you heard about was racial...
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...RISK MANAGEMENT ASSESSMENT OF LYDIA BEVINS Risk management Assessment of Lydia Bevins Venkata Pulakanti HSM 542_W5_You Decide Keller Graduate School of Management Risk Management Assessment of Lydia Bevins Director of Risk Management- Felicia Larue, CEO for Little Falls Hospital Has brought the Case of Lydia Bevins to my attention to assess and ensure the rights of the patients and the risks that may be associated with Little Falls Hospital are minimal. Lydia Bevin is a 45 –year-old woman, has been on a ventilator for respiratory assistance for over six months because of an automobile accident. Lydia Bevins is paralyzed and is only able to communicate through head nods. It is uncertain as to whether Lydia Bevin is able and capable of making healthcare decisions on her own. She is married to Harry Bevins for four years. Mr. Bevins requested that the life sustain support keeping Lydia alive to be withdrawn. The Health Care Proxy Law of New York states that Harry Bevins has the “legal right to make decisions on behalf of his wife, since he is her legal guardian and surrogate decision maker.” (Health Care Proxy, 2001). Mr. Bevins states that his decision is made because, he and his wife had discussed this prior to the accident and what she would want to happen. There is an advanced directive: however, Mr. Bevins does not know the whereabouts as Lydia has the advance d directives prior to their marriage. Eileen Redfield, Lydia’s mother wants to give her child every...
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...You Decide Week 6 Little Falls Hospital Risk Management HSM 542 Health Rights and Responsibilities Purpose A risk management plan is created so as to support Little Falls Hospitals mission and vision statements as it pertains to the clinical risk of the hospital, patients, visitors, volunteers, and employee safety, and any possible operational, business, and property risks. Culture Principles The Patient Safety and Risk Management program will support Little Falls Hospitals philosophy; everyone is responsible for patient safety and risk management. It is essential to have participation and teamwork among providers, management, staff and volunteers. The Patient Safety and Risk Management program will be implemented with the coordination of multiple organizational and department functions and activities. Little Falls Hospital will support the introduction of a just culture with emphasis on evidence based best practices, learning from errors, and providing feedback instead of punishment and blame. In a just culture any unsafe conditions or hazards will be identified quickly, medical or patient care errors will be reported and analysed, open discussions of mistakes and suggestions for improvements are welcome with patient safety and risk management practices. Individuals will still be held accountable for compliance. When evaluation and investigation into errors reveals there has been reckless behaviour or there has been wilful violation of policies then disciplinary...
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...INTERVENTION STRATEGIES 2. What intervention strategies would you suggest to minimize the risk of teenage committing suicide? Preventing suicide is a serious public health problem, there are lasting effects on the individual, families and the community. Suicide prevention can be simple ways to reduce the risk and promote resilience and coping. The prevention of suicide can happen within society, the individual, family and the social environment. The most “effective prevention strategy would be the need to promote the awareness of suicide, and to promote prevention, resilience and the commitment to social changes” (Anonymous, 2016). A suicide death has a profound effect on anyone, but when the death is a teenager there are physical and mental effects. Individuals react to the types of death. When these deaths happen, we as a...
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...Week 5 You Decide Little Falls Hospital Risk Manageme June 7, 2013 HSM 542 Health Rights and Responsibilities Professor Julie Dennis Problem In the case of Lydia Bevin and Little Falls Hospital I have been asked by Felicia Larue, the hospital CEO, to give a briefing on the patients situation and alternative actions that could be taken by the hospital to ensure that the rights of the patient are preserved and the risks to the hospital are minimized (University, 2013). Summary and Recommendations Lydia Bevin is receiving support that is sustaining her life and has been receiving this support for over six-months after she was in an automobile accident. Lydia is paralyzed and unable to communicate due to the accident. It has not been confirmed whether Lydia is incapacitated, as she is unable to talk and can only nod her head. The hospital staff is not even sure that Lydia is capable of understanding information that will allow her to make health care decisions for herself. According to the New York Health Care Proxy Law, her husband has the “legal right to make decisions on behalf of his wife, since he is her legal guardian and surrogate decision maker” (New York State, ). Mr Bevin has asked that life sustaining support be withdrawn per his wife’s wishes. Lydia's mother does not support the decision to withdraw active treatment because she believes that Lydia has a chance of recovering. Lydia had prepared an advance directive but at this time the advance directive...
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...Evaluate the role of practitioners and others in supporting and safeguarding Helena. You should refer to risks and legislations as well as LQFs (10 marks). A counsellor is somebody Helena can talk to about her problems and will provide her with emotional support. They can do this by providing strategies to help her come to terms with her feelings. She will be able to release stress and feelings of unhappiness to the counsellor in which they are willing to hear so they may be able to give help. A counsellor may refer Helena to other practitioners, such as GPs, social services if they believe that she isn’t safe or needs help that they cannot provide her with, such as medication. GPs may provide Helena with treatment for any health issues she may have/risk getting, such as depression, anxiety, anger, anorexia etc. Many young carers are prone to developing health issues due to stress, unhappiness etc. If the GP believes that the Helena cannot cope with the stress of being a young carer and is in serious danger for many reasons they may refer Helena to social services. Social services can provide Helena’s mother with another carer that will help Helena by relieving stress and anxiety when she is at school (so she doesn’t think her mother will not be able to cope without her and feel guilty for leaving her on her own) and will also be able to give Helena more time to concentrate on school work and have some social/free time. Social services can also provide Helena’s mother with...
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...3. Investment Climate POLITICAL AND ECONOMIC STABILITY The Czech Republic is a fully-fledged parliamentary democracy, and is one of the faster growing economies as well as one of the ten countries that entered the European Union on 1 May 2004. The country’s economic policy is consistent and predictable. A strong and independent central bank (the Czech National Bank) has maintained an extraordinary degree of currency stability since 1991. The Czech Republic was the first CEE country to be admitted into the OECD. The country is a member of NATO and is fully integrated into other international organisations such as the WTO, IMF and EBRD. EU legislation was adopted in preparation for EU accession. Czech commercial, accounting and bankruptcy laws are compatible with Western standards. The Czech koruna is fully convertible. All international transfers (e.g. profits and royalties) related to an investment can be carried out freely and without delay. NON-DISCRIMINATION Under Czech law foreign and domestic entities are treated identically in all areas, from protection of property rights to investment incentives. The government does not screen any foreign investment projects with the exception of those in the defence and banking sectors. As an OECD member the Czech Republic is committed not to discriminate against foreign investors in privatisation sales, with the same exception as that mentioned above. INVESTMENT PROTECTION The Czech Republic is a member of the Multilateral Investment...
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...or Czech Republic the risk considerations have become critically important in choosing the best option. The risk considerations include evaluation of each nation’s political, economic and legal systems along with the cultural practices, education and skill levels and each countries stage of economic development. The political systems of a country shapes both the economic and legal systems (Hill, 45). These systems are interconnected and play a vital role in making a decision of which country to make an investment in. In evaluating the risks of making the investment in Russia, the most widely discussed risk that is found is the corruption in the country; this remains a major barrier success for businesses in the nation. There is a complex business environment in Russia along with known issues involving bribery. The corruption in the nation leads to a number of problems including non-transparent and inconsistent application of laws and regulations with the weak enforcement of laws and court decisions (Business Anti-Corruption Portal). This isn’t the only area where corruption is a problem in Russia, there is corruption in the area of licensing and permits with multiple inspections and red tape. Intentional and lengthy delays in the procedures for starting a business, getting required permits and licensing are additional risks along with the corruption. It does seem as though the worst corruption lies within the public procurement sector. Political risks in Russia are still very...
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...CRISIS | 5 | 5 | RISK MANAGEMENT | 6 | 6 | VARIOUS FORMS OF RISKS | 7 | 7 | MANAGING RISKS | 9 | 8 | CONCLUSION | 11 | INTRODUCTION This Project Report is based on the topic of “The Global Economic Crisis Challenges Management of Business Risks”. With view to the economic crisis in 2008 up till today, many businesses and major world economies are still reeling from the effects of the global downturn. This is primarily due to the onset of the subprime credit crisis. The subprime crisis is characterized by a rise in mortgage delinquencies and foreclosures backed by housing loans to individuals who face difficulty maintaining the repayment schedule. However, those who turn out better from the crisis have been seemingly those with greater awareness of their risks of doing business and practice more effective management of these risks. OBJECTIVE The objective of this Project Report is to identify the various risks that a business in Singapore needs to be aware of and to manage. EXECUTIVE SUMMARY The importance of risk management cannot be overstated. This is a fundamental part of doing business that must be addressed appropriately for the company to be successful. Risks are just part of doing business and by having a procedure in place to deal with them does make a difference on their impact. This is especially significant when dealing with business uncertainties. In this Project Report, we will analyze and discuss on Risk Management, with...
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...11 Project risk management Planning for the unknown Gee whiz, Bobby! What if these ropes break? Don’t worry, Sally! I took care of it with risk planning. You can swing away without a care in the world! Even the most carefully planned project can run into trouble. No matter how well you plan, your project can always run into unexpected problems. Team members get sick or quit, resources that you were depending on turn out to be unavailable—even the weather can throw you for a loop. So does that mean that you’re helpless against unknown problems? No! You can use risk planning to identify potential problems that could cause trouble for your project, analyze how likely they’ll be to occur, take action to prevent the risks you can avoid, and minimize the ones that you can’t. this is a new chapter 543 risks might occur What’s a risk? There are no guarantees on any project! Even the simplest activity can run into unexpected problems. Any time there’s anything that might occur on your project and change the outcome of a project activity, we call that a risk. A risk can be an event (like a fire), or it can be a condition (like an important part being unavailable). Either way, it’s something that may or may not happen... but if it does, then it will force you to change the way you and your team will work on the project. If your project requires that you stand on the edge of a cliff, then there’s a risk that you could fall. If it’s very windy out or the ground is...
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...Developing a Risk Register What is a risk register? The risk register lists all the risks identified at the beginning and during the life of a project or undertaking, their grading in likelihood of occurring and seriousness of impact on the project, initial plans for mitigating each high level risk, and subsequence results. It usually includes: • A unique identifier for each risk • A description of each risk and how it will affect the project • An assessment of the likelihood it will occur and the possible seriousness/impact if it does occur (low, medium, high) • A grading of each risk according to a risk assessment table (refer to table 1) • Who is responsible for managing the risk • An outline of proposed mitigation actions (preventative and contingency). The Register should be maintained throughout the project and will change regularly as existing risks are re-graded in the light of the effectiveness of the mitigation strategy, and new risks are identified. In smaller projects the risk register is often used as the risk management plan. Why would you develop a risk register? A risk register is developed to: • Provide a useful tool for managing and reducing the risks identified before and during the project • Document risk reduction and management strategies • Provide those involved with or supporting the activity with a documented framework from which risk status can be reported • Ensure the communication of risk management...
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...Taking Risks There come times in everyone's life when you're faced with a choice that involves risk. Perhaps you want to change careers, move to a different place, quit your job and start a business, begin a new relationship, have a child. Creatively, you may be faced with a choice of doing what you know is marketable or going out on a limb with your own vision, or giving up a steady job to follow your creative pursuits full-time. Risk is, by nature, scary. It's uncertain and unpredictable. You're heading off into uncharted territory. You may lose your life savings or lose face. You risk criticism and humiliation, or having to pick up the pieces and start all over again. You're giving up what you know for what might be. The rewards can be great, but so can the cost. So, why would anybody want to take a risk? ~ Risk gives you an opportunity to open up to your talents, interests, abilities and dreams. ~ Risk teaches you to set clear goals and follow through. ~ Risk allows you to feel powerful and proactive, making things happen rather than waiting for them to happen *to* you. ~ Risk opens you up to new ideas, skills, opportunities and experiences. ~ Risk allows you to grow and discover new things about yourself and the world, to develop your strengths and talents. ~ Risk allows you to conquer your fears. ~ Risk is exhilarating. It makes you come alive. When it comes to risk-taking, there are two extremes. Some people are afraid to take even reasonable risks, wanting...
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...Manage risk Every business faces risks that could present threats to its success. Risk is defined as the probability of an event and its consequences. Risk management is the practice of using processes, methods and tools for managing these risks. Risk management focuses on identifying what could go wrong, evaluating which risks should be dealt with and implementing strategies to deal with those risks. Businesses that have identified the risks will be better prepared and have a more cost-effective way of dealing with them. This guide sets out how to identify the risks your business may face. It also looks at how to implement an effective risk management policy and program which can increase your business' chances of success and reduce the possibility of failure. * The risk management process * The types of risk your business faces * Strategic and compliance risks * Financial and operational risks * How to evaluate risks * Use preventative measures for business continuity * How to manage risks * Choose the right insurance to protect against losses The risk management process Businesses face many risks, therefore risk management should be a central part of any business' strategic management. Risk management helps you to identify and address the risks facing your business and in doing so increase the likelihood of successfully achieving your businesses objectives. A risk management process involves: * methodically identifying the risks surrounding your business...
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...010914 Webinar Risk Management-Assessing Risks Thank you for standing by. At this time all lines are in a “listen only” mode. Today’s call is being recorded; if you have any objections you may disconnect. I would now like to turn the call over to Danny Jennings. Thank you sir you may begin. Danny: Alright thank you ma’am. Before we get started, please be aware that the video portion of this webinar is being recorded. Once we receive the red light to begin, we will. And they’re telling me that we can go ahead and get started right now. Good Afternoon! My name is Danny Jennings; I am the Physical & General Security Curriculum Manager here at CDSE and I will be your host for today’s webinar. First, I want to thank you for taking time out of your busy schedules to join us today. As a Curriculum Manager, some of my responsibilities include Curriculum Development, Course Instruction, and Course Review. The topic for today’s webinar is Risk Management-Assessing Risks. My producers for today are Rachel Mojo and Roy Ringrose. At this time, Rachel will provide you some instructions on how to navigate the webinar room. Rachel! Rachel: Thank you Danny! If you take a look at your screen in the lower left hand corner, you will find a notes box. This gives you the call-in number and other announcements as necessary. It will be on the screen for the duration of the webinar. Over on the right, there’s a Q&A box. If you have any questions or comments please enter them in this box. Your phones...
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...James Bach on Risk-Based Testing by James Bach This is risk-based testing: 1. Make a prioritized list of risks. 2. Perform testing that explores each risk. 3. As risks evaporate and new ones emerge, adjust your test effort to stay focused on the current crop. Any questions? Well, now that you know what risk-based testing is, I can devote the rest of the article to explaining why you might want to do it, and how to do it well. Why Do Risk-Based Testing? As a tester, there are certain things you must do. Those things vary depending on the kind of project you’re on, your industry niche, and so on. But no matter what else you do, your job includes finding important problems in the product. Risk is a problem that might happen. The magnitude of a risk is a joint function of the likelihood and impact of the problem—the more likely the problem is to happen, and the more impact it will have if it happens, the higher the risk associated with that problem. Thus, testing is motivated by risk. If you accept this premise, you might well wonder how the term "risk-based testing" is not merely redundant. Isn’t all testing risk-based? To answer that, look at food. We all have to eat to live. But it would seem odd to say that we do "food-based living." Under normal circumstances, we don’t think of ourselves as living from meal to meal. Many of us don’t keep records of the food we eat, or carefully associate our food with our daily activities. However, when we are...
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