Which of the following is conducted as a follow up to a system's recent implementation?…
After the risks have been evaluated in terms of likelihood of occurrence and consequences, and when options for risk management have been reviewed, that’s when I will rank the risks and inform the program manager of the assign priorities.…
The consideration of costs and benefits in the evaluation of an upcoming city project is a rather logical process. In fact, it is important for city managers to take into account the project costs and benefits prior to implementation of said project. The process of developing the project idea is essential and thus consideration for the best course of action becomes essential to the process. Once these measures have been weighed out it is critical to compare the costs associated with implementing the courses of action addressed in the development phase.…
The problem of risk assessment is an extremely complex one. When a risk assessment process is started, this process has to analyze several aspects in parallel.…
The identification of appropriate risk mitigation measures requires a good understanding of the hazard and the factors contributing to its occurrence. For this reason, a risk matrix needs to be completed. Risk mitigation measures may work by reducing the probability of occurrence, or the severity of the consequences, or both. Achieving the desired level of risk reduction may require the implementation of more than one mitigation measure.…
To identify and assess all of the hazards that has the ability or potential to cause harm.…
Disadvantages: It will require extensive resources to conduct it properly, especially if the scope of the risk management is large and covers a wide range of activities across the divisions; very large number of policies and procedures; and is taking into account differences in each state, territory, country.…
The answer is likely to include reference to the importance of completing a risk assessment to minimise risk before undertaking work in the field. Types of risk assessment documentation and how risk is assessed could be covered; this may be before the investigation is undertaken and also in the field. The value of a preparatory visit to the area and/or testing any equipment to be used as a part of risk assessment could be discussed. The use of group data and the security it provides may also feature; this might include the composition of a group in some cases.…
When carrying out a risk assessment you need to adapt it to where the activity is going to be, so if you are doing something…
It is important to note; resilience is a process rather than a linear occurrence. As shown through the ABC-X and Double ABC-X models, resilience is triggered by stress which in effect causes the process of restructuring to begin. The most important aspect of these models is adaption; how well affected populations overcome the stress process. The adaption of course is affected by other elements including resources and event…
Risk assessment and management includes: planning how risk management will be dealt with, assigning a champion, maintaining a live project data base, and summarize the planned risks and mitigation techniques needed.…
About 80% people in the world live in less economically developed areas (LEDCS) and the rest of the people live in more economically developed areas (MEDCS). And evidence shows that LEDCS suffer from the effects of more natural hazards than MEDCS. LEDCS donot have enough money and resources so they can not prepare to tackle these hazards and because of that they cannot help the economyafter natural disaster. So every year it causes a great economic, social,health and other damage in LEDCS. Now I want to discuss this issue from different perspcetives.…
et al, 2001). This method differs from a financial appraisal or evaluation as it considers all the gains and losses, regardless to whom they accrue. It provides a supporting tool for collective decision making, whilst making more transparent procedures for project selection and financing decision. Some Cost-Benefit Analysis studies, such as the one being conducted in this essay, are however performed during the course of the life of a project, based on observation rather than prediction of some costs and…
• Benefits and costs may be difficult to calculate and, as a result, there may be widely…
The principles of cost benefit analysis are based on three principles. The first is the appraisal of any specific project: This is an economic technique which is used by organizations as well as projects being handled by the government. For instance, if an organization invests in upgrading their new information system then it is known as appraisal of the project. Cost benefit analysis can include the economics of time. This is called discounting and takes into account environmental factors which can affect the project in the years to come. If needed, this type of analysis can include social and environmental impacts and private economic costs and benefits. Therefore, cost benefit analysis takes into account social welfare effects of an investment.…