Monday, May 25, 2020

Plan Risk And Risk Management Plan - 1708 Words

To begin with, as it is mentioned in the PMBOK (PMI, 2013, p. 342), Plan risk response â€Å"†¦ is the process of developing options and actions to enhance opportunities and to reduce threats to project objectives.† This is a link of project risk management during which the PM and the project team can use the analysis result from prior assessments and choose the effective risk management strategy. By planning risk response, the project’s risks can be addressed with their priority, insert resources, and activities, and put into the triple constrains plans if needed (PMI, 2013, p. 342). The inputs for this risk management process is quite simple, based on our textbook, it only needs the risk management plan and the risk register for applying the risk respond planning process (PMI, 2013, p. 342). Since identifying risk responsibilities is a crucial section within planning the risk responds; and the risk thresholds can help to identify specific risk responses of project risks, the Risk management plan is therefore the crucial element for the planning of risk response process. Moreover, the updated Risk register can provide required risks’ information for developing risk responses, so it becomes another main input for risk response planning process (PMI, 2013, p. 343). Furthermore, the output from this risk management process is also simple but crucial. As the prior analysis processes, project documents and the project management plan would be updated after the planning of riskShow MoreRelatedRisks And Risk Management Plan1240 Words   |  5 PagesRisk Management Plan Introduction An important part any project is to identify risks and to determine how to address said risks. In this paper, I will identify 10 risks that could occur during the making of Coleman Covenant Studios. I will also assess and address each risk in detail. Although I am hopeful the completion of this project will happen with minimal negative risks, I do realize hope is not a plan. For this reason, this risk management plan is in place to acknowledge and prepare forRead MoreRisk Management Plan1021 Words   |  5 Pages MANAGE RISK BSBRSK501B RISK REVIEW PROJECT ASSESSMENT 3 Introduction According to data analyzed and evaluated from Hurley’s cafà © risk review to create a monitoring plan for risks. The audit investigated the status of the planned actions on the risks identified below. Plan No. Risk Plan implemented 1 Manager`s travel risk Install the teleconferencing system Planned. The weekly management meetings finish at about 3:00pm as planned. 2 Banking risk Out 5000Read MoreThe Risk Management Plan659 Words   |  3 PagesRisk Management In order to maximize the risks of security for the information system, there are five pillars: protection, detection, reaction, documentation, and prevention. Each pillar has its own function in the risk management plan. It takes all five pillars for a successful risk management plan to work. Protection is the first and most crucial step. (Ameri, 2004) Protection is the plan to clearly define and precisely know what is being protected, how to plan for protection, and the overallRead MoreRisk Management Plan2518 Words   |  11 PagesRISK MANAGEMENT PLAN FOR Australian Open 2009 ESTABLISHING CONTEXT The Australian Open tennis began in 1905, when The Australasian Tennis Championships were first staged at the Warehouseman s Cricket Ground in St Kilda Rd, Melbourne. Until tennis Open era began in 1968, the Australian Championships were held in many different states, and at many different venues around Australia. With the ushering in of Open tennis, the name was changed to the Australian Open, and by 1972, the NationalRead MoreRisk Management Plan617 Words   |  2 PagesRISK MANAGEMENT PLAN E-SOLUTIONS TABLE OF CONTENTS INTRODUCTION 2 TOP THREE RISKS 2 RISK MANAGEMENT APPROACH 2 RISK IDENTIFICATION 3 RISK QUALIFICATION 3 RISK MONITORING 3 INTRODUCTION Risk management is the process of identifying analyzing and developing appropriate steps to take in dealing with them. The process is primarily left to the project manager but it was decided during planning that risk managers will be appointed. Negative risk that may result in project failureRead MoreRisk Management Plan2105 Words   |  9 PagesU03a1 Risk Management Best Practices Derrick Evans Capella University BMGT8434 Advanced Risk Management Systems and Research January 24, 2013 Professor Schneider Project Risk Plan Executive Summary HESU Global’s (pseudo named) PMO in conjunction with the Business Continuity Department will develop and implement the risk management approach. Organizational assets and support for the project will be directed and managed by business continuity. An exampleRead MoreRisk Management Plan For A Risk Assessment879 Words   |  4 PagesThe goal of a risk assessment is to figure out all of the risks and vulnerabilities there are, or could possibly be within a business. The goal of a risk management plan is to then figure out how to mitigate those risks and vulnerabilities to lessen the impact on the business if ever one should arise. Creating a plan helps not only to identify any risks, but also helps to choose the best solutions available to mitigate those risks. If a risk management plan is not created and implemented, thereRead MoreRisk Management And Management Plan977 Words   |  4 PagesRisk management and need for a risk management plan. Risk is a threat of destruction, injury, liability loss or any other negative incident caused by external or internal environments. Risk is unpredicted and nobody can guess it might happen in the near future. All of the projects exist risk and the project manager is responsible to identify those risk, which is a part of risk management planning process. Risk management is the procedure of distinguishing risk and reduce risk level. The risk managementRead MoreManagement Plan For Risk Management810 Words   |  4 PagesRisk Management Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and impact of unfortunate events or to maximize the realization of opportunities. Risk management’s objective is to assure uncertainty does not deflect the endeavor from the business goals. Risks can come from various sources: e.g., uncertainty in financial markets, threats from project failuresRead MoreProject Risk Management Plan1382 Words   |  6 Pagesï » ¿ Project Risk Management Plan PM/584 July 14, 2014 Project Risk Management Plan The purpose of the risk management plan is to identify any event or condition that may occur which could have a positive or negative affect on the project. Risks management is the process of identifying, assessing, responding to, monitoring, and reporting risks. The Risks Management Plan will define how risks associated with the Baderman Island Casino Hotel project will be identified, analyzed

Thursday, May 14, 2020

Enron The Smartest Guys - 1384 Words

Enron: The Smartest Guys in the Room Organizational Movie Paper Enron Corporation’s failure in the year of 2001 has become a depiction of unethical corporate behavior for years to come. After having watched Enron: The Smartest Guys in the Room; I found many organizational communications course concepts could be brought to our attention within the documentary. To further our understanding, I will offer my insight as to how class-related concepts connect with the documentary by discussing how Enron developed strong organizational values by identifying certain heroes and their stories that developed their sense of strong risk taking as well as discussing Enron’s â€Å"rank and yank† system that can be asserted with F.W. Taylor’s work within†¦show more content†¦Although Miller (2014) includes all four key components, I am going to focus attention on the first two, 1. Values are the beliefs and visions that members hold for an organization. 2. Heroes are the individuals who come to exemplify an organization’s values. These heroes become known through the stories and myths of an organization. This theory can be described as a way in which organizational members collectively interpret the organizational world around them in order to define the importance of the organizational happenings. Upon watching the documentary, one could conclude that Enron’s bosses created a culture of pushing limits and taking risks. From the movie, we understand that Jeff Skilling was known to be a nerd as well as others within Enron. It seemed as though Jeff had woken up one day and decided to change himself by wearing contacts instead of glasses, changing is wardrobe, and doing some modeling. As he changed, so did others who worked under him for the fact that they saw Skilling as their hero. With time, it has been noted that Jeff became some sort of tragic figure. He became a man who was radically different than how he portrays himself. It was known that Skilling was a huge risk taker and he often talked about, and then started to manifest in trips that he began to lead with small group s and customers that were often times dangerous. TheseShow MoreRelatedEnron : The Smartest Guy Essay799 Words   |  4 Pagescome to mind would be the bankruptcy of Enron Corporation. If we apply and analyze the skills of a negotiator like Founder and Chairman Kenneth Lay, CEO Jeffery Skilling, and CFO Andrew Fastow it becomes clear how and why the actives of Enron were perpetuated for as long as they were. â€Å"This wasn’t about the numbers Enron was publishing, but rather it was about the people. This was a human tragedy† (Gibney). As expressed in the documentary, â€Å"Enron: The Smartest Guy’s in the Room,† the core issue ofRead MoreEnron, the Smartest Guys in the Room.1229 Words   |  5 PagesEnron, the Smartest Guys in the Room. Enron was involved in American’s largest corporate bankruptcy. It is a story about people, and in reality it is a tragedy. Enron made their stock sky rocket through unethical means, and in reality this company kept losing money. The primary value operating among the traders was greed, money, and how to make profits under any circumstance. The traders thought that a good trader is a creative trader and the creative trader can find any arbitrage opportunityRead MoreEnron Smartest Guys On The Room1573 Words   |  7 PagesThe movie ENRON smartest guys in the room is about one of the biggest corporation corruptions in the United States. In 1985, ENRON Corporation, was a company that delivers pipeline for natural gas and electricity, while mergering with Houston Natural Gas and Internorth. ENRON quickly grew into a reputable company that generated enormous profits. In a short period of time ENRON was considered one of the top global trading company for natural gas, commodities, and electricity. According to the statistic;Read MoreEnron : The Smartest Guys Of The Room Essay1549 Words   |  7 PagesIntroduction Enron was a Houston based energy, commodities and services company. When people hear the name Enron they automatically associate their name with one of the biggest accounting and ethical scandals known to date. The documentary, â€Å"Enron: The Smartest Guys in the Room,† provides an in depth examination of Enron and the Enron scandal. The film does a wonderful job of depicting the downfall of Enron and how the corporate culture and ethics were key to Enron’s fall. As the movie suggests, Enron is â€Å"notRead MoreEnron: the Smartest Guys in the Room1989 Words   |  8 Pages it took Enron 16 years to go from about $10 billion of assets to $65 billion of assets, and 24 days to go bankruptcy. Enron is also one of the most celebrated business ethics cases in the century. There are so many things that went wrong within the organization, from all personal (prescriptive and psychological approaches), managerial (group norms, reward system, etc.), and organizational (worl d-class culture) perspectives. This paper will focus on the business ethics issues at Enron that wereRead MoreEnron Case : The Smartest Guys Of The Room1149 Words   |  5 Pages In review of the Enron case, executives higher up exploited their privileges and power, participated in unreliable treatment of external and internal communities. These executives placed their own agendas over the employees and public, and neglected to accept responsibility for ethical downfalls or use appropriate management. As a result, employees followed their unethical behavior (Johnson, 2015). Leaders have great influence in an organization, but policies will not be effectiveRead MoreEnron: The Smartest Guys in the Room Essay1889 Words   |  8 PagesThe thing I liked most about this documentary was the fact that it focused on the guys at the top, the self-proclaimed smartest men in the room, the so-called geniuses who knew the energy business so much better than the rest of the indus try. And what a piece of work these men were. Enron: The Smartest Guys in the Room shows us how basic human nature does not change, whether its in the easy fall into killing as a means to resolve disputes, or in the incessant human obsession to acquire forRead MoreEnron: the Smartest Guys in the Room Essay1834 Words   |  8 Pagesthis paper is consider three possible rationales for why Enron collapsed—that key individuals were flawed, that the organization was flawed, and that some factors larger than the organization (e.g., a trend toward deregulation) led to Enron’s collapse. In viewing â€Å"Enron: The Smartest Guys in the Room† it was clear that all three of these flaws contributed to the demise of Enron, but it was the synergy of their combination that truly let Enron to its ultimate path of destruction. As in any organizationRead MoreEssay on Enron: the Smartest Guys in the Room5209 Words   |  21 Pagesï » ¿Enron: The Smartest Guys in the Room The  Enron scandal, revealed in October 2001, eventually led to the  bankruptcy  of the  Enron Corporation, an American  energy company based in  Houston, Texas, and the de facto dissolution of  Arthur Andersen, which was one of the  five largest  audit  and accountancy  partnerships  in the world. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure. Enron was formed in 1985 by  KennethRead MoreA Film Review of Enron: The Smartest Guys in the Room666 Words   |  3 PagesAbstract This is a review of the movie, Enron: The Smart Guys in the Room. The paper analyses the themes that contributed to the downfall of Enron. It also considers steps that Human Resources would have taken given the chance, in addressing the issues that contributed to the collapse of the Company. Factor That Led To Enrons Downfall According to the documentary Enron: The Smartest Guys in the Room, it seems that one major reasons that led to Enrons down fall was; unethical corporate behavior

Wednesday, May 6, 2020

Supporting The Original Victim After A Wrongful Conviction...

Supporting the Original Victim After a Wrongful Conviction Decision Continual support to victims of crime is a necessary service in any just society; this support is especially needed in the event that a convicted offender is exonerated. In the United States when a crime is committed the state, not the victim, owns and prosecutes the case so historically the victims’ rights have been neglected. In the modern era victims’ rights are being improved during the trial and sentencing phases of the criminal justice process; however in the event of an exoneration the victim is routinely revictimized and this problem needs to be corrected. In the American criminal justice system wrongful convictions are not common; a study funded by the National Institute of Justice found that nationally 265 wrongful major crimes convictions occurred from 2004 to 2010, the yearly total of exonerations has remained relatively steady ranging from 35 to 54 per year (Irazola, Williamson, Stricker, Niedzwiecki. 2013, p 20). Compared to the hundreds of thousands of major crimes convictions that take place every year this is a small number; however wrongful convictions do take place, and when they do the original victim of a crime does not receive adequate support. The victim is often racked by guilt over having contributed to the incarceration of an innocent person. One crime victim participated in the NIJ study, but whose identity was withheld, said â€Å"I was a mess. I was absolutely hysterical [and]Show MoreRelatedPolice Corruption And Justice2796 Words   |  12 Pagesan attempted action or omission that are committed by police offic ers who misuse their official position in order for personal gain. â€Å"The Knapp commission report explicit attacks the term rotten apple theory of isolated individual corruption, supporting instead a concept that is called systemic corruption. The rotten apple theory claims that corruption involves only a few officers who are guilty of moral failure, while the organisational barrel remains sound. Many police chiefs, politicians andRead MoreEssay Paper84499 Words   |  338 Pages7–9, page 66 Chapter 8 Sexual Assault Prevention and Response Program, page 66 Purpose and goals of the program †¢ 8–1, page 66 Sexual assault policy †¢ 8–2, page 66 Victim Advocacy Program †¢ 8–3, page 66 Definitions †¢ 8–4, page 67 Responsibilities †¢ 8–5, page 67 Deployable sexual assault response coordinator and unit victim advocate selection criteria †¢ 8–6, page 77 Training †¢ 8–7, page 77 Appendixes A. References, page 79 B. Political Activities, page 88 C. Deleted, pageRead MoreCommercial Liens - a Potent Weapon Essay32374 Words   |  130 Pagesthe Commercial Lien Strategy. It does not pretend to be the final word on the subject. The authors and editors have synthesized material from several sources. We have organized it into a form that should be comprehensible to the average reader. After reading this manual, you will know the fundamental principles of this strategy. This understanding, plus the Bibliography in Appendix A, will allow you to do further research on your own. Some Notes on the Sample Briefs Included with this manualRead MoreEthics of Information Communication Technology (Ict)27618 Words   |  111 Pagesrelated to child pornography, and violations of intellectual property rights (IPRs). Further, threats to critical infrastructure and national interests arising from the use of the internet for criminal and terrorist activities are of growing concern after the September 11 incident. The harm incurred to businesses, governments and individuals in those countries in which the internet is used widely, is gaining in scope and importance, while in other countries, cybercrime threatens the application of informationRead MoreHbr When Your Core Business Is Dying74686 Words   |  299 Pagesother ï ¬ rms. But the success of most deals hinges on people, not dollars. Here’s how to diagnose potential people problems before a deal is completed. 45 33 HBR CASE STUDY Why Didn’t We Know? Ralph Hasson A whistle-blower sues Galvatrens for wrongful termination. The lawsuit triggers a much larger discussion about the company’s system for uncovering misconduct. How should the company strengthen that system – and what roles should the board and management play? Commentators include Stephen R.Read MoreOverview of Hrm93778 Words   |  376 PagesHuman Resource Management (MGT501) VU MGT - 501 T his subject/course is designed to teach the basic principles of Human Resource Management (HRM) to diverse audience/students, including those who are studying this as a supporting subject for their bachelor degree program. This course is designed to provide you the foundations of HRM whether you intend to work in HRM or not, most of these elements will affect you at some point in your career. Either you will be working with some organizationsRead MoreHuman Resources Management150900 Words   |  604 PagesCHAPTER 1 Changing Nature of Human Resource Management After you have read this chapter, you should be able to: ââ€"  Identify four major HR challenges currently facing organizations and managers. List and define each of the seven major categories of HR activities. Identify the three different roles of HR management. Discuss the three dimensions associated with HR management as a strategic business contributor. Explain why HR professionals and operating managers must view HR management as anRead MoreFundamentals of Hrm263904 Words   |  1056 PagesReaches Out to Young Workers 76 HRM in a Global Environment 78 Summary 79 Linking Concepts to Practice: Discussion Questions 52 Developing Diagnostic and Analytical Skills 52 Case 2: Nine-to-Five No More 52 Working with a Team: Making a Layoff Decision 52 Learning an HRM Skill: HR Certification 53 Enhancing Your Communication Skills 54 PART 2 THE LEGAL AND ETHICAL CONTEXT OF HRM Chapter 3 Equal Employment Opportunity 56 Learning Outcomes 56 Introduction 58 Laws Affecting Discriminatory PracticesRead MoreDeveloping Management Skills404131 Words   |  1617 PagesSensitive Line 58 Understanding and Appreciating Individual Differences Important Areas of Self-Awareness 61 Emotional Intelligence 62 Values 65 Ethical Decision Making and Values 72 Cognitive Style 74 Attitudes Toward Change 76 Core Self-Evaluation 79 SKILL ANALYSIS 84 Cases Involving Self-Awareness 84 Communist Prison Camp 84 Computerized Exam 85 Decision Dilemmas 86 SKILL PRACTICE 89 Exercises for Improving Self-Awareness Through Self-Disclosure 89 Through the Looking Glass 89 Diagnosing ManagerialRead MoreMarketing Mistakes and Successes175322 Words   |  702 Pagesstudent interest, and may even inspire another generation of entrepreneurs. A fair number of the older cases have faced significant changes in the last few years, for better or for worse, and these we have captured to add to learning insights. After so many years of investigating mistakes, and more recently successes also, it might seem a challenge to keep these new editions fresh and interesting. The joy of the chase has made this an intriguing endeavor through the decades. Still, it is always

Tuesday, May 5, 2020

Project Management for Large Assets

Question: In this course you are required to complete a weekly portfolio. A portfolio provides evidence of previous experience and presents a dynamic record of your growth and professional learning over the duration of this course. Your portfolio provides an account of your learning based on your prior and current learnings and your critical reflection. A portfolio is increasingly being used in Universities as a means of: Being able to tell much more about you than exam results; As a means of reflecting your development through the course; To reflect your attitude and values as well as your skills and knowledge. (Race 2010, p. 58) Timmins states that A portfolio is a cohesive account of work based learning that contains relevant evidence from practice and critical reflection on this evidence. Its primary purpose is to display achievement of professional competence or learning outcomes and knowledge development (Timmins 2008: p. 115). Youll find much more information about the use and application of portfolios on the Internet. However, it will need you to take some time to think through how you are going to complete the portfolio on a weekly basis. It is very easy to trivialise the portfolio and write nearly the same thing each week. But that wont gain you many marks. Instead you should try to focus on the topic and learning outcome for the week and your reflections regarding them. Task Your task is to write a weekly portfolio reflecting upon your learnings from the prior week. In your portfolio you will identify: The learning outcomes and module/topic of the course; A description of your experience, including reading samples or records; Your learning from your experiences; Answer: Weekly Portfolio Learning Reflection Particulars Description Learning experiences Topic of the Discussion- Project Management of Large assets 1. Assets are physical, human, financial or intangible. Project management of larger assets include system integrated manufacturing process, equipments and many others. The approach to the larger assets management has been specifically designed in this course to put one in the position to proactively manage and reduced the risks, while cost optimization activities and managing the performance improvement activities associated with each asset. By going through the underlying concepts, the practical implications and business benefits, this main elements of these assets are as follows: Leadership- The asset management objectives suppose to be tied with the strategies of the organization. It is not just about to provide all the important resources for the management of larger assets but I need to be dedicated one within the associated business. Planning: Planning for a good asset management policy by defining, designing, building and maintaining large assets, I can efficiently manage assets management information Support: Having the right support in place can help in defining the resources for accomplishing the objective of large asset project management. Furthermore, the management must identifying the changes and associated risks which impacts the achievement of the assets management objectives. Additionally, the operation needs to incorporate organizational performance monitoring process and outsource the management activities. Operation: Here the common feature should enable the direction, implementation and control of the entire asset management. Evaluation: Another common feature of the large asset management is to monitor and review the performance. Improvement: The pro-actively promote and continual improvements for ensuring the end results to the stakeholders is last element of the large asset management. Being participated in this course, I have learned how to define, build and maintain large assets of the organizations while associated with the key project process related to the identification, justification, and selection of projects. This content of the course is indeed useful for exploring the means by which assets can ensure its profitability. While undergoing the course module, I understand that organizations generally followed five processes to design the framework of project management. For instance, I would initiate a budget considering the market demand. The course gives me the idea that in the project planning process I need to know the organizational objectives for implementing an effective asset management policy. During the process of project execution, the operational effectiveness, the most vital part of the asset management is to identify the risks and thus early and appropriate decision needs to be taken by myself. Moreover, the evaluation of the project is another responsible part for plan, establish, implement and maintain the audit programs. 2. The things that owners of large assets needs to do are: i) Determination of assets to be monitored and evaluated on frequent basis. ii) Monitor and ensure that assets are in good considered and function properly. iii) Record the assets performances 3. The problem with assets is that they: a. improper operation: organizations may suffer from lack of understanding of inherent design capabilities of their larger assets b. ineffective risk management: default in identification of assets performance and ineffective management and control often create risks c. over or under maintenance: Maintenance is often considered as the expense of the business and thus results ineffective assets management system. References: Hastings, N.A.J., 2015. Asset Management Personnel. In Physical Asset Management (pp. 43-57). Springer International Publishing. Turner, R., 2016. Gower handbook of project management. Routledge.