Task 4 BSBRSK501A Manage risk Prompt questions 1. What are three ways that research can be conducted for risk-related issues‚ and for each way‚ briefly describe how it may be done. Qualitative analysis may be useful as an initial screening to identify if further analyse of risk is required‚ when the analysis is appropriate for decisions‚ when numerical data or resources are inadequate. Semi-quantitative analysis sets values to the risks in order to produce a more expanded ranking
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Company 1. In the context of the above case study‚ what do you understand by project management? In context of the above case study I understood that project management at Williams Machine toll Company were extremely traditional management they had no new products to introduce to the market and the marketplace was changing and they didn’t change there strategy. However this week management led to a decrease in sales and revenue was down. Also I believe that managers manage and staff
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Explain in details the risk factor approach to intervention/ prevention effort. What are the pros to using the risk factor approach? What are the cons to using the risk factors approach? Risk factors is a particular factor that‚ when present‚ increases the odds of developing a certain outcome. Risk factors are not deterministic‚ nor they necessary or sufficient conditions for out come to surface (Beaver‚ 2015). In risk factor approach intervention its very important to distinguish between
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The Contributions of Management Theory and Practice to Emergency Management John C. Pine is the Director of the Disaster Science and Management‚ Professor-Research with the Department of Environmental Studies and Interim Chair of the Department of Geography and Anthropology at Louisiana State University in Baton Rouge‚ LA. (225) 578-1075 Email: jpine@lsu.edu httt://www.risk.lsu.edu Abstract This chapter takes a look at the impact that management theory and how the basic functions
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• Differentiate between hazard and a risk. Hazard- makes us sick and makes our life expectancy shorter. - Is something that can cause you to become injured or get a disease and could eventually kill you. (Ex: people working with asbestos for a certain amount of time can develop cancer) - Anything that can cause damage to your personal property or public property (ex a flood damaging your home) - Things that would cause the environment to become polluted‚ anything that would be mistreatment
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Ulrich beck :world risk society What is "risk society" and how did it emerge? "Risk society" means that we live in a world out of control. There is nothing certain but uncertainty. But let’s go into details. The term "risk" has two radically different meanings. It applies in the first place to a world governed entirely by the laws of probability‚ in which everything is measurable and calculable. But the word is also commonly used to refer to non-quantitative uncertainties‚ to "risks that cannot be
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Option 3: Risk and Protective Factors Risk factors are defined as the conditions or events that increase the chance of unwanted negative mental health outcomes. Protective factors are assets or resources that help to offset or prevent a negative mental health outcome. Throughout my life thus far‚ I have experienced several risk factors as well as several protective factors that shaped who I am today in terms of my mental health and well-being. The textbook also explains four mechanisms that help
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Assessing Materiality and Risk Simulation Debbie Griffis‚ Christie Maday‚ Ashley Ralph‚ Tonya Reinholdt‚ Tony Rauda ACC 490 February 6‚ 2012 Kelly O’Leary Assessing Materiality and Risk Simulation In this paper we are going to look at four questions that deal with the assessing materiality and risk simulation. The first question that we will be looking at is why certain accounts have to be audited 100%. Then after that we will look at why materiality is only allocated to those accounts
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University of Phoenix Material Risk Identification Scenarios Review each of the following scenarios and identify the risk events‚ the probability of those risks‚ and the impact of the risk events. Some scenarios may have more risks than others. Scenario One A retail firm has a project that is focused on expansion into third-world countries to sell pharmaceutical products. The project timeline is‚ as always‚ aggressive. The scope is well documented and understood by the project team and key members
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Name Tutor Course Date Risk Analysis Risk averters are those people who will prefer to have the tendency of carrying out their professional tasks using crude methods that potentially protect their material well-being. On the other hand‚ the risk neutrals are the individuals that do not prefer their personal interests or that of others in a certain venture. Lastly‚ the risk seekers are those persons that will always take a decision that do not harm or present negative effects on others‚ although
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