The Five Step Risk Management Process Essay - 1473 Words

Establishing Facts Step 2 in the five step risk management process involves analyzing the risk events and impacts identified in Step 1. This step is designed to help identify which risks are significant enough to the monorail project to require active risk management. To ensure action plans implemented in Step 4 are effective, it is essential to gain a better understanding of why a risk event or impact may occur, as well as its effect on the total loss with respect to the project’s total cost. The goal of Step 2 is to develop a list of drivers for each risk event and impact, identify the probability of occurrence for each risk event or impact, estimate the total loss associated with each risk event, and determine the risk likelihood and expected loss for each risk event. In order to employ effective risk mitigation techniques in later steps of the risk management process, Step 2 must consider the facts associated with the risks identified for the project. Facts which lead one to believe that a r isk event or impact will occur are called drivers. Drivers identify something existing in the project environment that may influence the likelihood of experiencing a loss (Smith and Merritt, 2002, 63). A workshop similar to the one held in Step 1 was conducted to develop the drivers and to analyze the risks. With the same participants present and the use of the same products such as the large printed schedule, the team developed risk event and impact drivers. The workshop opened withShow MoreRelatedRisk 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 MoreAudit Methodology For A Audit Essay1135 Words   |  5 PagesAudit methodology The audit methodology will be used as a step by step guideline that will be used by the auditors to keep track of their progress and enable them to ensure that quality standards are maintained during the auditing phase. To audit the International Bank of Africa information system we will go through five phases or steps. Step one: Planning The first phase will determine the sort of audit team that will be assembled. The team selected will be best placed to handle all obstacles andRead MoreOutsourcing at Office Supply1540 Words   |  7 Pagesat OSI 2 Business Strategy Costs/Benefits Implementation Change Management Risks †¢ Decrease infrastructure costs by utilizing a more specialized, third-party staff. †¢ Experience cost-savings during the 2nd year, but face increased expenditures during 1st year. †¢ Maintain availability and performance through SLAs with the vendor. †¢ Ensure a smooth transition through a formalized change-management program. †¢ Mitigate risks by documenting procedures and improving employee awareness. Strategy Read MoreFinancing And The Development And Implementation Of Strategies1190 Words   |  5 PagesSUMMARY The role of finance within the strategic planning process has become more relevant than ever. With the introduction of the balanced scorecard the financial performance of a firm has been emphasized has a key indicator of success and links strategic goals to performance and provide timely, useful information in order to facilitate strategic decisions. The article, The Role of Finance in the Strategic-Planning and Decision-Making Process, by Pedro M. Kono and Barry Barnes discusses how financialRead MoreUnrealistic Schedules And The Toc With Project Management1423 Words   |  6 PagesUnrealistic schedules and the TOC with project management. Using the TOC in conjunction with the best practices of project management (TOC PM) is a methodical holistic systems approach to integrating stakeholders, products, and processes that must be completed to meet project objectives (Goldratt Cox, 2004). The TOC PM was introduced in the late 1970’s and later adopted into project management as a methodology in 1997 (Goldratt Cox, 2004; Leach, 2005). The TOC PM is viewed as a method thatRead MoreThe Fair Risk Management Methodology783 Words   |  4 Pagesused by risk assessment professionals is the FAIR risk management methodology FAIR stands for Factor Analysis of Information Risk and was first introduced in 2005 by Jack Jones with the goal of being able to provide an answer to two common questions asked by management in relation to risk management which are â€Å"how much risk does the organization have† and â€Å"how much less risk will there be if we spend the money you propose on mitigation.† The fair risk management methodology is comprised of five stepsRead MoreRisk Management Plays a Vital Role in Healthcare Organizations606 Words   |  3 Pages Risk managers are a vital lifeline in the healthcare organization. If this organization had an active risk manager in place, many of the events leading up to the infant losing its life could have been prevented. There are many steps that a risk manager must take once a risk is identified, this paper will walk through the steps that are required after the risk happened. A risk manager plays an important role with the events in this infant case study. Risk managers hold a wide varietyRead MoreRisk Management : Term Project1616 Words   |  7 Pages Risk Management Term Project - CE 592 Dr. Jaselskis Spring 2015 Colby Meador Erik Messina â€Æ' Table of Contents 1. Introduction 2. Five Step Process 2.1. Risk Management Plan 2.2. Identifying Risks 2.3. Analyze Project Risks 2.4. Plan Responses for Project Risks 2.5. Monitor Risks 3. Significant Risks 4. Pros/Cons of Risk Managment 5. Triple Contrain 6. Topic Specific vs. All Inclusive 7. Conclusion 8. References 1. Introduction Risks are an inherent partRead MoreHardware and Project Considerations When Implementing a New CRM System1638 Words   |  7 PagesHardware and Project Considerations When Implementing A New CRM System The most effective Customer Relationship Management (CRM) systems are deliberately designed to align and enhance the strategic initiatives and programs of a given business or enterprise. They must take into account customer preferences, needs and wants as well, and strive to create a foundation of shared information and insight over time There are a myriad of studies that show how effective CRM systems are in transforming businessesRead MoreThe Policy Manual At Work1705 Words   |  7 Pageshe can still walk. Because of this thought process, he has had multiple falls. Policy Per Dallas Care and Rehab, their policy is as follows: POLICY: To apply regularly assessments and implementations as needed to reduce falls as far as possible, without infringing upon residents rights in the choice of life activities. PROCEDURE: Fall risk assessment will be completed upon admission and quarterly with care planning. If a score of ten or above fall risk interventions will be put into place. Care conferences

The Essay The Consequential Concerto - 1206 Words

The Consequential Concerto â€Å"Without Freedom of Thought, there can be no such Thing as Wisdom; and no such Thing as publick Liberty, without Freedom of Speech†¦ And this is the only Check it ought to suffer, and the only Bounds it ought to know,† Benjamin Franklin (Benjamin Franklin, Silence Dogwood, No. 8). Throughout the course of human history, clans of people have turned against another from a mere bigoted belief. This usually constitutes physical abuse, humiliation, death, and perhaps most importantly, denying self expression. Two instances of these groups being denied self expression would be the Jews of the Holocaust and the LGBTQ+ community. Although though LGBTQ+ members today do not suffer even a fraction of what Holocaust victims†¦show more content†¦This was a direct contradiction to article 19 as the Nazi’s forced the Jews into a tranced state of internal affliction . In the same light, Elie yet again questioned his own mental and emotional foundation when he stated , â€Å"Blessed be God s name? Why†¦ would I bless Him? Every fiber in me rebelled†¦ Because in His great might, He had created†¦ factories of death? How could I say to Him: Blessed be Thou†¦ who chose us among all nations to be tortured day and night, to end up in the furnaces?†(Wiesel 33). This excerpt illustrates how the Nazi’s use of death camps indirectly smothered Elie’s humanity and moral psyche. By eradicating so many people of his affiliation and restricting his religious practice, the Nazi’s destroyed all humanity left in Elie Wiesel. Equally important would not only be Elie’s experiences during Night, but also a minor character’s experiences, Juliek. Juliek was a magnificent violin player as well as Elie’s friend during his incarceration in the music block of Buna. Juliek was fond of playing an unnamed concerto by Beethoven however, during his imprisonment in Buna, he was punished for performing this because the Nazi’s proclaimed Jews were below people of German descent (Wiesel 49). Beethoven was German. Juliek’s emotional outlet and form of expression was music, so by restricting what he could play, the Nazi’s took his morale while simultaneously breaking article 19. This was depicted in Night: The darkness

Creon As A Tragic Hero In SophoclesAntigone - 1509 Words

In Poetics, Aristotle describes a tragic character as someone who experiences an error in judgement, experiences a reversal of fortune due to the error, has an excessive pride, and receives a fate much greater than what is deserved. In Sophocles’ Antigone, many would argue that Creon is the tragic hero of the play. However, he is not alone as the recipient of tragedy. A young woman by the name of Antigone also fits the characteristics for being considered a tragic heroine. A key element in the tragedy of any character is their error in judgement, what Aristotle referred to as â€Å"hamartia†. Antigone’s tragic flaw is, most obviously, her love for her brother, Polynices, and the stubborn loyalty that she has for him. This love, as it seems,†¦show more content†¦When warned by her sister that she should not go against the decree, she says, â€Å"He is my brother and—deny it as you will—your brother too. No one will ever convict me for a traitor.† (2) This statement shows her pride in the fact that as long as she is doing right by the gods, by giving him a proper burial, the polis will not be able to find her guilty of a crime. Not only does she believe that she will not be convicted, but she does not care if she is convicted and put to death. This can be seen when Antigone says, â€Å"I have longer to please the dead than please the living here: in the kingdom down below I’ll lie forever.† Using this statement, Antigone makes her case for holding the laws of the gods in higher honor and clearly defines the place of her loyalty. Unfortunately for Antigone, Creon has a view that is exactly the opposite. Creon believed that honor within the polis was more important than honor among the gods. This led to the onset of what Aristotle would refer to as Antigone’s â€Å"peripeteia†, or reversal of fate. If Antigone falls short of being a tragic character in any way, it is the reversal of fate. Antigone’s reversal of fate appears when she is brought before the king and sentenced to death, having been found guilty of disobeying the decree of the king— a crime she may not have committed. The fact that the first time the body was â€Å"buried† it was only covered by a thin layer of roadShow MoreRelatedCreon : The Tragic Hero In SophoclesAntigone886 Words   |  4 Pagesit presents a certain type of hero or heroine who is neither completely good nor completely bad† (â€Å"What is† 739). He or she must also be â€Å"highly renowned and prosperous,† have a tragic fla w, learn a lesson, and suffer greatly (â€Å"What is† 739). Therefore, in Antigone by Sophocles, Creon is the tragic hero because he is a king who has the tragic flaw of pride, learns to respect god’s law, and suffers more than he deserves. The first thing that makes Creon a tragic hero is his pride. When the Choragos

Csa Concentration Varied Between Rounds ( Table 1 )

CsA concentration varied between rounds (Table 1). Library was ordered from Integrated DNA Technologies (IDT). N30 library (30 unknown nucleotide bases): 5 -GGA GGC TCT CGG GAC GAC NNN NNN NNN NNN NNN NNN NNN NNN NNN NNN GTC GTC CCG ATG CTG CAA TCG TAA-3 . Capture Sequence: GTC GTC CCG AGA GCC ATA/3BioTEG/. Primer_P1: GGAGGCTCTCGGGACGAC. Primer_P2: TTACGATTGCAGCATCGGGACG. P2_biotin: /5BiosG/TTACGATTGCAGCATCGGGACG. All oligo’s (primers, library, and capture-strand) were ordered from IDT . Bio-capture used: 5’ biotin from IDT. Two SELEX buffers were used: SELEX 1 buffer (10 mM HEPES, 150mM NaCl, 5mM KCl, and 2mM MgCl2) and SELEX 2 buffer (10mM HEPES, 150mM NaCl, 5mM KCl). The composition of the PCR mix was as follows: 10% 10X buffer, .5% Taq, 1% P1, 1% P2, 2% dTNP, and 80.5% water. All gels were run in .5X TBE buffer and 3% agarose gel. Columns used: Micro Bio-Spinâ„ ¢ Chromatography Columns. PCR polymerase used was Choice Taq from Denville Scientific. DNTP is also fro m Denville Scientific. Streptavidin Beads are from Sigma Aldrich. 4.2 The SELEX Process The general steps of the SELEX process are; the binding reaction between the aptamers and the target, washing steps to remove the unbound DNA, PCR amplification of the bound DNA, and strand separation of the DNA back into ssDNA [3]. The Capture-SELEX cycle consists of three main sections: Elution profile, Library Amplification, and Strand Separation. The elution profile section includes the adding of biotin to the library

Ethical Implications About Global Tax Avoidance †Free Samples

Question: Discuss about the Ethical Implications Global Tax Avoidance. Answer: Introduction The issue of ethics is topical in that it impacts on the operations of almost all businesses. Basically, ethics refers to the rules or principles that define right and wrong conduct (Robbins, 2010). In the same vein, it can be observed that enlightened firms encourage their managers to look beyond the expectations of the regulatory system and do the right thing (Kotler and Armstrong, 2010). These socially responsible firms seek to protect the long-run interests of their stakeholders and the environment. However, ethical issues usually involve conflicting interests and people can disagree about the right course of action to take in a given scenario (Kotler and Armstrong, 2010). As such, this paper seeks to discuss the ethical implications of global tax avoidance especially by multinational corporations (MNCs). There are mixed reactions to the aspect of tax avoidance since other people encourage it while others view it as morally wrong. Tax avoidance According to Investopedia (2017), tax avoidance involves the legal use of a tax regime in one territory. In other words, large corporations in particular register their businesses in a single territory where they are liable to pay taxes instead of paying to the respective countries in which they are operating. Tax havens are utilised in this case and these are recognised jurisdictions that are specifically meant to facilitate a reduction of taxes to the advantage of the party involved. The major notable aspect about tax avoidance is that the practice is legal but the only difference is that the tax regimes are administered in different jurisdictions apart from where the company is actually operating. In other words, the host country benefits in the form of employment creation through foreign direct investment but it loses a great deal in terms of revenue collection through tax avoidance. Though legal, tax avoidance has various implications on the government of the host country. Significance of corporate tax According to Cobham and Jansk (2017), international corporate tax is a very important source of government revenue particularly in developing countries such as Latin America, Sub Saharan Africa, Caribbean and South Asia. This notion has also been supported by Myers (2017) who state that developing countries mainly generate revenue from the taxes they charge corporations operating within their jurisdiction. However, it can be observed that these developing countries often lose revenue due to tax avoidance. When MNCs invest in developing countries, they should pay taxes but this is not usually the case. Corporate taxes are also very important since they play a significant role in the development of infrastructure. In most cases, the activities of MNCs in developing countries cause damage to the environment hence the need for them to pay taxes that can in turn be used to develop the infrastructure. Implications of tax avoidance Large multinational companies operating in developing countries are usually registered through offshore tax havens in particular not in the country in which they operate (Bearak, 2016). This action deprives the local governments large sums of tax revenue they are supposed to get from the operations of these MNCs in their countries. For example, it has been observed that Tullow, an organization that is viewed as Africas leading Independent Oil Company derives 84 % of its sales revenue from Africa yet only four of its 81 subsidiary companies are registered in Africa while 47 are registered in Tax havens (Bearak, 2016). This implies that only four registered subsidiary companies pay taxes in the countries in which they are registered in Africa. The rest of the subsidiaries pay their taxes through tax havens which illustrates a perfect example of tax avoidance. The majority of African governments in which the organization operates do not benefit a lot since they do not get corporate taxe s from these companies. The other example can be drawn from the case of Panama Papers where large sums of money were moved through tax havens and this money could have been taxed by the worlds poorest governments desperately in need of money (Bearak, 2016). The developing countries were compromised a great deal since they lost large sums of money through tax avoidance. In the same vein, it can be seen that the United Nations Economic Commission for Africa has estimated that between $30 billion and $60 billion is lost by African governments through tax avoidance annually (Bearak, 2016). Surprisingly, this money is siphoned legally from developing countries by the MNCs from the rich western countries in particular. The major notable aspect here is that tax avoidance is legal since it is not criminal in any way. The only difference is that tax regimes are administered in different jurisdictions apart from the host country where the MNCs operate as illustrated in the example explained above. Ethical implications of the practice of tax avoidance Whilst the aspect of tax avoidance is legal as noted above, the morality of the practice has been questioned and often criticised by people from different sectors of the society. Ethically, companies should strive to do the right thing in their operations. In some cases, actions that are legal can be immoral somehow since they impact negatively on the welfare of the majority of the people in the environment in which they operate. The companys action should benefit the majority of people in the environment in which it is operating. This view is supported by the utilitarian theory of ethics. According to Robbins (2000), the utilitarian theory of ethics mainly focuses on the outcomes of a certain action on the other people. In other words, it focuses on the interests of the other people since it clearly states that the majority of the people should benefit from a course of action especially by a company. This ethical theory equates pleasure with good while pain is equated with wrong doi ng (Cavalier, 2002). Therefore, the action that brings the greatest happiness to the greatest number of people should be given prominence over the action that is likely to cause suffering to the majority of people. In as far as the issue of tax avoidance is concerned, it can be seen that its morality is questionable though the action is viewed as legal. Legally, there is nothing wrong with this practice by quite a number of MNCs that operate in different countries but paying their taxes through tax havens. In the end, the host countries lose on corporate taxes which are much needed for various developmental purposes. The MNCs should consider the interests of the majority of people in the host countries who should benefit from the taxes they are supposed to pay instead of evading them through the use of tax havens. Many developing countries are often at the receiving end since they mainly rely on foreign aid. Ironically, these countries have vast natural resources that are expropriated by the developed countries that do not pay taxes that should benefit the local people. Ethically, this practice should be condemned since it undermines the interests of the other people who should benefit from the ir resources. MNCs should be cognisant of the fact that their actions are detrimental to the host country therefore they should compensate the local governments through paying taxes directly to them instead of relying on tax havens that are administered in offshore jurisdictions. This will help to address the anomaly where the local governments are at the receiving end instead of enjoying their own wealth. Conclusion It can be concluded that ethical issues impact on the operations of organisations in various ways since they are supposed to look beyond written laws and regulations. In other words, companies are expected to do the right thing in their work. As discussed above, the issue of ethics is controversial since it is comprised of conflicting interests and there is no universal agreement about what is right. As illustrated in the case of multinationals operating in poor countries, it can be seen that the issue of global tax avoidance is a cause for concern since these nations are losing billions of dollars annually through tax havens where the large corporations are registered. However, the aspect of tax havens is legal and it does not violate any law. The taxes are properly administered in offshore jurisdictions and the law recognises this practice as legal. However, the morality of the practice has often been criticised by many people since it undermines the interests of the local governme nts. They lose large sums of money which should benefit the local citizens. This comes against the background of many developing countries being at the receiving end of foreign aid instead of benefitting from their natural resources plundered by rich MNCs that do not pay corporate taxes. Ethically, this practice can be viewed as wrong since it does not benefit the majority of people. References Bearak, M 2016. How global tax evasion keeps poor countries poor. Washington Post. Available at: https://www.washingtonpost.com/news/worldviews/wp/2016/04/08/how-global-tax-evasion-keeps-poor-countries-poor/ . Accessed 13 May 2017. Cobham, A and Jansk, P (2017). Global distribution of revenue loss from tax Avoidance. WIDER Working Paper 2017/55. Available at: https://www.wider.unu.edu/sites/default/files/wp2017-55.pdf. Accessed 13 May 2017. Cobham, A, and L Gibson 2016. Ending the Era of Tax Havens. Why the UK Government Must Lead the Way. Oxfam Briefing Paper. Oxford: Oxfam. Retrieved from: https://oxfamilibrary.openrepository.com/oxfam/bitstream/10546/601121/4/bp-ending-era-tax-havens-uk-140316-en.pdf Investopedia 2017. What is tax avoidance? Available at: https://www.investopedia.com/terms/t/tax_avoidance.asp. Kotler, P Armstrong, G 2010. Principles of marketing. Cape Town, CT: Pearson. Robbins, SP 2000. Organizational Behavior, 9th Edition. Upper Saddle River, New Jersey: Prentice Hall. Werner, J 2007. Organizational Behavior. Cape Town: JUTA.

Business Plan for Sandwich Shop free essay sample

Where do you operate ? What is the company size ? For example, we are a small restaurant in Miami and we are preparing these kind of foods, or Mexican specific. 2) Company Background [Information about your company, also is good to specify your website here. ] The kind of services you provide. You have been successful in the following field and have a list of accomplishments. 3) Current Operations and processes [Describe here the current process of your company so the customer will know with what you are dealing in the present time] You currently serves 4) Market Analysis [Make here an analysis of your costs and profits estimates. For example put a graphic for it] Also target your market. For example as a restaurant you will target people who live in the restaurant neighborhood and inside driving distance. Also describe what kind of people will buy a product. How old they are ? What gender they are ? What occupation they have ? Where do they live ? 5) Service offered [Make a description of the service you are offering or the kind of business relationship you are proposing] For example here you can make a list of your products : ?product name ?product description ?product image Explain how the customer will benefit from your services. We will write a custom essay sample on Business Plan for Sandwich Shop or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page 6) Management describe in detail how you will accomplish the clients needs and make results with your products] Put also here the phases of your project : ?starting ?how long it will take ?the milestones of your project ?success ?payment 7) References [Name one or more companies that can make testimonials about you and your business that will put in favor as a candidate for the client] For example another client of your company which used your services and now he declare himself as a satisfied customer. 8) Contracts and Prices [Name your prices and conditions] Setup a contract between you and the customer so all the important matters will be clarified.