Essay on Risk Management Process - 1603 Words

Purpose The purpose of this Risk Management Process document is: †¢ To provide a framework to track and monitor project risks throughout the project lifecycle †¢ Establish roles and responsibilities of all participants in the process Scope This process will be used by the entire project team. As such, this document defines the Risk Management process and flow for a project. Description A risk is any factor that may potentially interfere with a successful completion of a project by having a negative impact to scope, cost, quality, or timeline/ schedule. A risk is not an issue – an issue has already occurred; a risk is the possibility that an issue might occur. By recognizing project risks, or potential issues, the Project†¦show more content†¦Risk monitoring will be managed by the project manager or designee and supported by all project team members. Risk Management Flow Roles and Responsibilities The following table represents the roles and responsibilities associated with tracking risks on a project: Role Responsibility Project Leadership †¢ Analyze and assess risks identified †¢ Attend risk meetings as scheduled †¢ Participate in: - Identifying, discussing, and clarifying new risks - Re-evaluating and updating current risks - Defining and modifying mitigation/contingency strategies for each risk - Present project point of view in developing risk mitigation strategies - Perform actions that reduce the exposure for a risk, focusing on probability, risk impact, or both - Assess risk mitigation activities, program and effectiveness; help refine these as necessary †¢ Final validation of risk owners †¢ Serve as risk owner, as assigned Project Manager or designee †¢ Facilitate the risk assessment processes of identification, assessment, mitigation †¢ Prompt risk owners as necessary for updates to assigned risks †¢ Manage and update the Risk Management Log †¢ Coordinate risk meetings †¢ Monitor overall status of project risks †¢ Escalate risks as appropriate †¢ Provide initial input to and assignment of risk owner as appropriate Risk Owner †¢ Perform research required to clarify and analyze risks †¢ Develop mitigation strategies and contingency plans †¢ Monitor status of individual riskShow MoreRelatedRisk Management Process Is Risk1436 Words   |  6 PagesRisk management is developed in order to reduce the likelihood of possible events that have negative effects for patients, staffs and the organization; to reduce the risk of death and injury or disease for patients, staffs, and others as result of services provided; to improve patient outcomes; to manage resources effectively; and to support legislative compliance and to ensure organizational viability and development. In order to achieve these goals, risk management teams should follow the fourRead MoreRisks Of A Risk Management Process1208 Words   |  5 PagesEvery day businesses face the challenge of being exposed to potential risks. Whether these risks are internal to the company financially, damaged caused to the interior or exterior of the building itself, or lawsuits due to liability losses, businesses have a responsibility to be prepared. There are numerous way s for businesses to protect themselves from possible risks resulting from a loss. Risks may also vary depending on the type of business and operations it conducts. Not all companies will beRead MoreRisk Management Process1617 Words   |  7 Pages4 DESCRIPTION 4 RISK MANAGEMENT FLOW 5 ROLES AND RESPONSIBILITIES 6 RISK TRACKING PROCESS 7 Identify Risks 7 Assess and Prioritize Risks 7 Determine Course of Action 8 Review and Monitor Risks 8 RISK MANAGEMENT LOG ENTRY DEFINITIONS 9 PROCESS ASSISTANCE, QUESTIONS, OR RECOMMENDATIONS 10 APPENDIX A: RISK MANAGEMENT LOG 11 Document Overview Purpose The purpose of this Risk Management Process document is: †¢ To provide a framework to track and monitor project risks throughout the projectRead MoreThe Risk Management Process1424 Words   |  6 PagesTHE METHODS OF RISK ASSESSMENT: Risk management process: This process is known as risk management and involves the four steps set out in this code: †¢ Identify Hazards – find out what could cause harm †¢ Assess Risks – understand the nature of the harm that could be caused by the hazard, how serious the harm could be and the likelihood of it happening †¢ Control Risks – implement the most effective control measure that is reasonably practicable in the circumstances †¢ Review Control Measures – toRead MoreRisk Management Process : Identifying The Risk1234 Words   |  5 PagesThere are five steps of the risk management process: identifying the risk, analyzing the risk, evaluate the risk, treat the risk, and monitor or review the risk (â€Å"What Are the 5 Risk Management Process Steps?†). Step one would be to identify the risk. This step involves finding all the possible potential losses. There are some major issues that can cause a risk in risk management, such as, worker compensation, climate change, and increasing cost. A risk manager can use a variety of information toRead MoreSecurity Risks And Risk Management Process1263 Words   |  6 Pagesand hazards periodically. In order to provide security, the information has to adapt to certain risk analysis and management techniques which has to be done dynamically with the changes in environment. This paper briefly describes about analyzing the security risks and risk managem ent processes to be followed for electronic health records to ensure privacy and security. Overview of Security Risk Management: Security is being free from threats. The term can be used with reference to crime, accidentsRead MoreEssay on The Risk Management Process1896 Words   |  8 PagesRisk Management Process Identify Risk Risk identification, focuses on identifying which risks will affect a project, by looking at the project plan, the work breakdown structure, the project charter and other project related documents (PMBOK, 2008). Broad risk categories are human resources, technology changes, quality and performance issues, customers, vendors, management, funding, political, legal, market forces and environmental issues (PMBOK, 2008). Risk identification involves forward andRead MoreRisk Management Process Section Of Management2300 Words   |  10 Pagesof the Risk Management Process section of the Risk Management Plan based on the facts presented in the case study Risk management process is an important aspect of the organization. There are various threats that may impede the organization’s success. For example, the scenario in the case study may make the company lose a number of loyal customers; hence, reduction in sales revenue. The scope and objectives of the risk management process should be in line with the overall risk management plan. TheyRead MoreRisk Management Is The Process Of Information System Management Essay942 Words   |  4 Pages Risk Management: Risk management is the process of information system managers applies to balance the operational and economic costs of protective measures for their information and information systems. As a part risk management process, organizations (Stoneburner, 2002) select and apply security controls for their information and information systems. The System development life cycle is the overall process of developing, implementing and retiring information systems through a multiple process fromRead MoreRisk Assessment : An Essential Part Of A Risk Management Process1046 Words   |  5 PagesIntroduction The risk assessment is an essential part of a risk management process designed to provide appropriate levels of security for information systems. The assessment approach analyzes the relationships among assets, threats, vulnerabilities and other elements. Security risk assessment should be a continuous activity. Thus, a comprehensive enterprise security risk assessment should be conducted at least once every two years to explore the risks associated with the organization’s information

A Good Man Is Hard For Find By Flannery O Connor

Maddie Maurer Hour:1 A Good Man is Hard to Find â€Å"Do you ever pray,† (9) In Flannery O’Connor’s short story, â€Å"A Good Man is Hard to Find,† two unlikely characters find themselves on an unexpected journey to find God. Christianity, the grace of God, and redemption are all used throughout the story. Religion is the underlying theme of the story through the title, the characters, and the details. The main purpose of â€Å"A Good Man is Hard to Find† is to convert others to Christianity. The title, â€Å"A Good Man is Hard to Find†, is related to the theme of the story. The story describes all male characters to be rude and arrogant. For example, when the grandmother exclaimed she knew who the Misfit was, Bailey reacted by showing his true colors in this passage, â€Å"Bailey turned his head sharply and said something to his mother that shocked even the children. The old lady began to cry and the Misfit reddened† (8). Bailey lacked compassion throughout the entire story, especially when he made his mother cry moments before they would die. Unlike Bailey, the Misfit kills for the thrill. He says, â€Å"...it’s nothing for you to do but enjoy the few minutes you got left the best way you can by killing somebody or burning down his house or doing some other meanness to him† (11). In the short time Red Sammy is mentioned, he gives the reader the impression of a disrespectful husband. He tells his wife to quit lounging around, to hurry up with the food, and to stop talking about theShow MoreRelatedA Good Man Is Hard And Find By Flannery O Connor824 Words   |  4 PagesInstead, you should focus on the moral dilemma the character experiences and analyze how he/she wrestles with this dilemma beyond what is obvious in the plot. What literary elements draw out this conflict? When reading, A good man is hard to find by Flannery O Connor, the question intrigues the reader to read further, about the infamous Villian, The Misfit. The grandmother is the other key character in this short story. The older woman is overpowered by temptation, regardless of what her familyRead MoreA Good Man Is Hard And Find By Flannery O Connor1190 Words   |  5 PagesIn Flannery O’Connor’s short story â€Å"A Good Man Is Hard to Find†, O’Connor tells the story mainly on the emphasis of the grandmothers prospective. The grandmother was never named in the short story, only leaving the reader to guess if this story was how O’Connor portrayed a feeling toward society and religion. In order for the reader to understand the point of view of the story, the reader must look at the back ground of the author. Born in Georgia, where the story takes place, O’Connor was raisedRead MoreA Good Man is Hard to Find by Flannery O ´Connor766 Words   |  4 PagesFlannery O’Connor: â€Å"A Good Man is Hard to Find† Flannery o Connor. Known as the southern United States, the second after Faulkner writer. A good man is hard to find the religious fable story, the story is very simple, an elderly woman with her son a family trip to Florida, due to the old woman wanted to see a supposed to be on the way but somehow thought in Tennessee plantation in Georgia, and the way for the old woman with a bad idea to turn over a car, then the escaped from prison thatRead MoreA Good Man Is Hard For Find By Flannery O Connor972 Words   |  4 Pagesâ€Å"A Good Man Is Hard to Find,† by Flannery O’ Connor, is about a family going on a trip from Georgia to Florida. The grandmother, who is old-fashion in her beliefs, tells her grandchildren stories on the road trip; one story leads them down a dirt road to find a house on an old plantation, which produces an unpleasant outcome. The author uses the grandmother’s voice and language to give an old southern appeal to the story, which causes the impression that those who live like her are considered moreRead MoreA Good Man Is Hard For Find By Flannery O Connor898 Words   |  4 PagesOne can imagine an old lady with a cat, who appreciates respect towards herself, is stylish and likes to take care of herself. She s elegant, yet a bit talkative and dramatic at the same time. In the story A Good Man Is Hard to Find Flannery O Connor introduces to a similar character, The grandmother who is sophisticated and conservative in some ways. The short story begins with how the grandmother wants to take a road trip to Tennessee while the rest of the family wants to visit FloridaRead MoreA Good Man Is Hard For Find By Flannery O Connor1356 Words   |  6 Pagesâ€Å"A Good Man is Hard to Find† was written by Flannery O Connor in the early 1950’s. The abnormal story of sudden viciousness in the provincial South opens discreetly, with a family arranging a get-away. The spouse, Bailey, his significant other, and their kids, John Wesley and June Star, all need to go to Florida. The grandma, Bailey s mom, in any case, needs to go to east Tennessee, where she has relatives, and she strongly endeavors to convince them to go there. Unfit to persuade them that theRead MoreA Good Man Is Hard For Find By Flannery O Connor1837 Words   |  8 Pages In the short story â€Å"A Good Man Is Hard To Find† Flannery O Connor uses the grandmother as a main character. Baileys mother in this story views herself as a truthful, wise and righteous lady throughout. She uses her manipulation, lies, and persuasiveness to her advantage but soon the reader learns how honest those views are. She quickly reveals herself as a different person when those traits she usually uses to get what she wants fails her. She can easily persuade someone to get her way, but howRead MoreSummary Of A Good Man Is Hard And Find By Flannery O Connor1114 Words   |  5 Pages Man is Hard to Find Theme Essay: Religion ENG1300/ Literature Anthony Copeland December 16, 2014 In the short story, â€Å"A Good Man is Hard to Find† by Flannery O’ Connor, the major theme in this story to me is how religion plays such a larger role in some lives more than others. The grandmother, a prime example for this, shows throughout the story that having â€Å"faith† isn’t a saving grace and misplaced faith could possibly get you killed. The major confrontationRead MoreA Good Man Is Hard to Find by Flannery O ´Connor698 Words   |  3 Pagesdown the embankment. The misfit says it would have been better for the family if the grandmother hadn’t â€Å"recognized† him. It seems like the misfit was pleased to be recognized by the grandma. The misfit recognizes himself not as a good man. He says he would be a different man if he were there to see whether if Jesus resurrects the dead or not. It seems as if even though the misfit says his father’s heart was made of gold, he did not like his father due to his father’s kna ck of handling authorities orRead MoreA Good Man Is Hard For Find By Flannery O Connor1655 Words   |  7 Pages In the short story A Good Man Is Hard to Find, written by Flannery O’Connor, the theme that the definition of a ‘good man’ is mysterious and flawed is apparent. The reader must realize that it is difficult to universalize the definition of a good man because every person goes through different experiences. Thus, these experiences affect his or her viewpoint and in turn flaw ones view on a good man. O’Connor conveys this theme through her excellent use of diction, imagery, foreshadowing, and symbolism A Good Man Is Hard For Find By Flannery O Connor â€Å"A Good Man is Hard to Find† is a short story written by Flannery O’Connor in 1953 during the period of the Southern Renaissance. Around the time of 1900, the American South was beginning to recover from the economic depression it had been immersed in since the Civil War had ended. After an improvement in economic conditions, there followed a flourishing of culture which produced some very successful literature, and this phenomenon became known as the Southern Renaissance. In the early to mid-twentieth century American writers living in the South began to explore gothic themes, leading to the formation of the term Southern Gothic or Southern grotesque literary tradition. Gothic literature focuses on human terror, is typically set in old, isolated areas or architecture like abandoned buildings, haunted houses or threatening landscapes, and centres on characters who are challenged by mysterious forces. Southern literature often combines with social realism to create strange and unique characters with qualities that force the reader to look closely at the world fashioned in the novel, and the human experience more thoroughly. Flannery O’Connor’s work is well known for including the gothic component, where it includes anything strange, freakish, or perversely weird. ‘A Good Man is Hard to Find’ features the grotesque as a way of representing humanity by showing how it can cause people to act in a certain way, but also how it can change a person. Right from the beginning of theShow MoreRelatedA Good Man Is Hard And Find By Flannery O Connor824 Words   |  4 PagesInstead, you should focus on the moral dilemma the character experiences and analyze how he/she wrestles with this dilemma beyond what is obvious in the plot. What literary elements draw out this conflict? When reading, A good man is hard to find by Flannery O Connor, the question intrigues the reader to read further, about the infamous Villian, The Misfit. The grandmother is the other key character in this short story. The older woman is overpowered by temptation, regardless of what her familyRead MoreA Good Man Is Hard And Find By Flannery O Connor1190 Words   |  5 PagesIn Flannery O’Connor’s short story â€Å"A Good Man Is Hard to Find†, O’Connor tells the story mainly on the emphasis of the grandmothers prospective. The grandmother was never named in the short story, only leaving the reader to guess if this story was how O’Connor portrayed a feeling toward society and religion. In order for the reader to understand the point of view of the story, the reader must look at the back ground of the author. Born in Georgia, where the story takes place, O’Connor was raisedRead MoreA Good Man is Hard to Find by Flannery O ´Connor766 Words   |  4 PagesFlannery O’Connor: â€Å"A Good Man is Hard to Find† Flannery o Connor. Known as the southern United States, the second after Faulkner writer. A good man is hard to find the religious fable story, the story is very simple, an elderly woman with her son a family trip to Florida, due to the old woman wanted to see a supposed to be on the way but somehow thought in Tennessee plantation in Georgia, and the way for the old woman with a bad idea to turn over a car, then the escaped from prison thatRead MoreA Good Man Is Hard For Find By Flannery O Connor972 Words   |  4 Pagesâ€Å"A Good Man Is Hard to Find,† by Flannery O’ Connor, is about a family going on a trip from Georgia to Florida. The grandmother, who is old-fashion in her beliefs, tells her grandchildren stories on the road trip; one story leads them down a dirt road to find a house on an old plantation, which produces an unpleasant outcome. The author uses the grandmother’s voice and language to give an old southern appeal to the story, which causes the impression that those who live like her are considered moreRead MoreA Good Man Is Hard For Find By Flannery O Connor898 Words   |  4 PagesOne can imagine an old lady with a cat, who appreciates respect towards herself, is stylish and likes to take care of herself. She s elegant, yet a bit talkative and dramatic at the same time. In the story A Good Man Is Hard to Find Flannery O Connor introduces to a similar character, The grandmother who is sophisticated and conservative in some ways. The short story begins with how the grandmother wants to take a road trip to Tennessee while the rest of the family wants to visit FloridaRead MoreA Good Man Is Hard For Find By Flannery O Connor1356 Words   |  6 Pagesâ€Å"A Good Man is Hard to Find† was written by Flannery O Connor in the early 1950’s. The abnormal story of sudden viciousness in the provincial South opens discreetly, with a family arranging a get-away. The spouse, Bailey, his significant other, and their kids, John Wesley and June Star, all need to go to Florida. The grandma, Bailey s mom, in any case, needs to go to east Tennessee, where she has relatives, and she strongly endeavors to convince them to go there. Unfit to persuade them that theRead MoreA Good Man Is Hard For Find By Flannery O Connor1837 Words   |  8 Pages In the short story â€Å"A Good Man Is Hard To Find† Flannery O Connor uses the grandmother as a main character. Baileys mother in this story views herself as a truthful, wise and righteous lady throughout. She uses her manipulation, lies, and persuasiveness to her advantage but soon the reader learns how honest those views are. She quickly reveals herself as a different person when those traits she usually uses to get what she wants fails her. She can easily persuade someone to get her way, but howRead MoreSummary Of A Good Man Is Hard And Find By Flannery O Connor1114 Words   |  5 Pages Man is Hard to Find Theme Essay: Religion ENG1300/ Literature Anthony Copeland December 16, 2014 In the short story, â€Å"A Good Man is Hard to Find† by Flannery O’ Connor, the major theme in this story to me is how religion plays such a larger role in some lives more than others. The grandmother, a prime example for this, shows throughout the story that having â€Å"faith† isn’t a saving grace and misplaced faith could possibly get you killed. The major confrontationRead MoreA Good Man Is Hard to Find by Flannery O ´Connor698 Words   |  3 Pagesdown the embankment. The misfit says it would have been better for the family if the grandmother hadn’t â€Å"recognized† him. It seems like the misfit was pleased to be recognized by the grandma. The misfit recognizes himself not as a good man. He says he would be a different man if he were there to see whether if Jesus resurrects the dead or not. It seems as if even though the misfit says his father’s heart was made of gold, he did not like his father due to his father’s kna ck of handling authorities orRead MoreA Good Man Is Hard For Find By Flannery O Connor1230 Words   |  5 PagesHour:1 A Good Man is Hard to Find â€Å"Do you ever pray,† (9) In Flannery O’Connor’s short story, â€Å"A Good Man is Hard to Find,† two unlikely characters find themselves on an unexpected journey to find God. Christianity, the grace of God, and redemption are all used throughout the story. Religion is the underlying theme of the story through the title, the characters, and the details. The main purpose of â€Å"A Good Man is Hard to Find† is to convert others to Christianity. The title, â€Å"A Good Man is Hard

Portfolio Risks and Returns

Question: Discuss about thePortfolio Risks and Returns. Answer: Introduction Portfolio investment deals with investing in the securities such as shares, bonds and debentures. In every investment there is a high chances of getting high returns, however, it also includes high risks to earn such high returns. The risk in investment is the probability of deviation of returns from that of standard return and it could be measured with the help of standard deviation of rate of return. In one of the video, it was mention that the risk associated with the portfolio securities is classified as the systematic risk and unsystematic risk. Harry Markowitz, The Father of modern Portfolio Theory, has mentioned in an interview with Eric Schurenberg, Editor Director of Moneywatch.com that portfolio diversification will help reducing the unsystematic risk, as the negative return on one security will be nullified by the positive return of the other security. Markowitz has won himself a Nobel Prize for economics in 1990 for providing the portfolio diversification model. He has explained that there should be precise portfolio management with efficient set of stocks that are often termed as the efficient frontier of risky assets. In the video where William F. Sharpe and Paul Costello are discussing about investment in Stanford University, it has been said in order to gain high gain, it is important to take big risks in financial investment as there are no short cuts to achieve high gains even if such high risks does not guarantee high returns. However, Paul Costello agreed that ignoring the risk versus return by people had led to the meltdown in banking community. They explained that diversification in portfolio using various assets such as shares and bonds may increase the chances that one of them will yield highest return. In mutual fund, the mutual fund team analyze the market, trends, and thus after a thorough study they make a portfolio of different stocks that would result is overall good performance of the portfolio. On contrary, an Index fund though is well-diversified fails to eliminate the volatility. As per the Markowitz model, investors should focus more on what to do rather predicting what they a ctually would do. Based on the theory Sharpes dissertation has provided an important concept of Capital Asset Pricing Model (CAPM). The portfolio management is the most crucial thing and must be dealt with care and complete understanding of the securities or the risk involved in the same. Any negligence could affect the return of the investors. It is not just important to understand the present scenario of the market but to analyse the future growth or fall of the market is also very important. As shown in one of the video, the case of Bear Stearns clearly shows how they claimed that the company is sound and the investors do not require withdrawing their investment, however, within next 6 days the market collapsed and caused huge loss to the investors. It becomes very important to analyse all the risk in order to be safe and get the estimated return.

The Role Of The Media (In Australia) Essays - News Media, Media Bias

The Role Of The Media (In Australia) Select one of the three major themes in Australian thinking about media,communication and information identified by Osborne & Lewis (1995) and explore the ideas that underpin it. Explain when and where these ideas emerged in history and say something about why they have had an ongoing influence in this country. Osborne and Lewis state that [a] preeminent theme in Australian thinking about the use of communication is the extent to which it has been viewed as a form of control . There has been concern in recent times of the enormous power communication holds as an agent of societal control. This is due to a number of factors, such the media mogul dominated media, which promotes a very conservative view and does not allow for alternate opinions to be voiced. The wide-reaching capabilities of the media, particularly electronic media via the Internet allows for the influence to spread across the entire country to remote areas and therefore heightens a sense of societal control. Although there have also been calls for harsher and more defined regulations to be set down on the media industry in light of its influence, the concepts of free speech and censorship have existed ever since the introduction of the mass media. With the current trends in Australia moving towards an essentially corporatised system of public communication , concerns about the extent to which media and communication controls society will continue to be of relevance in Australia. The very basis for Australia, that is colonialism and settling a new land, formed the foundation for the media of the nation. In 1803, The Sydney Gazette, a government publication, became the first Australian newspaper to be circulated in the colony. It dealt with legal news, farming news and other areas of interest for the colonisers. Of course, it was aimed only at educated white colonials and not indigenous people or convicts. Despite starting as a government controlled newspaper, by 1824, the year that The Australian was started, all government ownership of the press has ceased and private owners were involved. This was a sign of things to come and is the root of current problems with dominant ownership of the press. Although by 1923 there were twenty-six metropolitan dailies owned by twenty-one proprietors, this balanced industry was not to remain and by 1983 there were only three major owners in the press industry. In 2001, two major media companies dominate the Australian pres s NewsLtd, and Fairfax. A government controlled media is not possible in a democratic society, however a media industry controlled by media moguls with widespread influence is hardly a better option, and results in a greater and more centralised control over society. The media-mogul dominated industry presents enormous problems and certainly contributes to the fear of controlling power held by the media. The fact that one person, family or company could control the majority of newspaper media that is being fed to society is consistent with the growing fear of social control. Rupert Murdoch, and his company NewsCorp, currently owns more than half of the newspaper industry in Australia, as well as about one-third of British newspapers. He also has film, TV, newspaper and publishing interests in the USA and owns Star Television in Asia. NewsLtd, the Australian subsidiary of NewsCorp, publishes 67.8 per cent of the capital city and national newspaper market; 76.1 per cent of the Sunday newspaper market; 46.6 per cent of the suburban newspaper market; and 23.4 per cent of the regional newspaper market. Fairfax owns and controls 21.4 per cent of the capital city and national newspaper market; 22.8 per cent of the Sunday newspaper market; 18.1 per cent of the suburban newspaper market; 15.4 per cent of the regional newspaper market. This total domination by two companies over what information is provided to Australians via the press is disturbing and further enhances the notion of the powerful control of the media over society. Although the situation is not uncommon in other nations, particularly the USA where Murdoch owns controlling interests in a variety of media formats, the concentration of media ownership is more pronounced in Australia than in any other modern Western society. Therefore, this form of communication