...Managing Risks in Curriculum Activities Information Sheet Managing Risks in Curriculum Activities This document aims to assist staff undertake an effective risk assessment. The information presented here should be seen as the ‘minimum expected standard’ to manage risk, rather than the definitive list of requirements. All the information presented should be carefully considered in respect to specific context, such as: 1. Which students will be involved? (age, maturity, experience, specific needs, number) 2. What will students be doing? (jumping, swimming, cutting, cooking, throwing, etc) 3. What will students be using? (hazardous materials, sporting equipment, tools, stove, etc) 4. Where will students be? (classroom, outdoors, pool, creek, at height, etc) 5. Who will be leading the activity? (experience, qualifications, etc). THE RISK MANAGEMENT PROCESS The workplace health and safety risk management process involves the following steps: 1. Identify the potential hazards 2. Assess the risk 3. Decide on the control measures 4. Implement the control measures 5. Monitor and review. Ideally, this risk management process should be integrated into routine lesson planning. Risk assessments are best completed by more than one person thinking about the hazards and controls. Therefore, you are encouraged to involve those planning and delivering the activity in the risk assessment process...
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...The importance of internal control systems is to provide an effective risk management system as well as corporate control. Every organization is subject to some kind of risks depending upon its products and services it sell, the market in which it functions, its financial sources, and the way it operates its resources. It is important to coordinate every aspect of a business organization in an effective way. A good internal control has now become an essential part of risk management. Internal controls are designed to protect companies from fraud and inaccurate data recording. By incorporating the fundamentals of internal control such as risk assessment and employees' role assignments, companies can set up an effective system to monitor, analyze and protect their reports. Businesses need to maintain track of essential financial activities and with internal control protection a company can set well-defined goals and make accurate projections. The primary purpose of internal control is to promote efficient operations that go with the objectives of an organization and to ensure whether the company's activities are in accordance with laws and regulations. The procedure in the operation of a good internal control system would be the supervision of activities in connection with authorizations and reconciliations, reviewing of employee performance, security of assets, and segregation of duties. Internal controls prevent errors and loopholes by detecting them in a timely manner, therefore...
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...Community Health Needs Assessment Trinity Community Hospital AMT Task 2 Community Health Needs Assessment Trinity Community Hospital conducted a community health needs assessment (CHNA) to identify the needs of the local population. The assessment focused on oncology, orthopedic, and cardiovascular services. The following report will analyze the community health needs assessment by identifying the major risk factors in the community, and discussing if the needs defined in the evaluation are being addressed. The report will also outline recommendations for any outstanding community needs. Major Risk Factors Oncology Services The community health needs assessment identified that new cancer cases are expected to increase by 34% due to the aging population that will be over 65 within the next five years and a rise in expectation of men and women developing cancer. The assessment also identified that the current services are already stressed.; physician practices are at capacity, facilities and equipment are not keeping pace with the patient volume, services are fragmented, and there is little emphasis on prevention education and control. Orthopedic Services Another risk factor for the community is the sharp increase in the need for orthopedic services forecasted over the next five years. The need for orthopedic procedures in the next five years are expected to increase by 46%, inpatient joint and spine cases will increase by 30%, and outpatient spine and joint...
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...Internal Control and Risk Evaluation – Kudler Fine Foods Lisa Cook University of Phoenix ACC/542 August 15, 2011 Internal Control and Risk Evaluation Internal controls and risk assessments are an integral part for a company to be successful. Management at Kudler Fine Foods has reviewed the flowcharts prepared and is requesting information on controls that will be required. Risks are none to be a negative event occurring in a company’s productivity. Internal controls are the policies and procedures put in place to reduce unforeseen occurrences associated with the risks. This brief will discuss the risks of Kudler Fine Food’s current Accounting Information System (AIS) evaluated by Team B and incorporate the controls into the flowcharts, design internal controls to mitigate risks to the systems, evaluate the application of internal controls to the systems, and discuss other controls, outside the system, that Kudler Fine Foods may need. Risks in the Systems According to Hunton, Bryant, & Bagranoff (2004), “business enterprises face a variety of risks, including business, audit, security, and continuity risks” (pg. 48). When analyzing Kudler Fine Foods current information system the team found that Kudler lacked internal controls and risk evaluations required to run their information system. Several concerns were brought up as major potential risks. The three risks focused on are those of business, security, and continuity. Several of Kudler’s risks within the system...
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...Chapter 1: Measuring and Weighing Risk Risk Assessment Risks to which the organization is exposed Allows you to develop scenarios that can help evaluate how to deal with risks Ex. An OS, server, or application may have known risks in certain environments Create a plan for your organization. Risks that need addressing Risk assessment components allows the organization to provide a reality check on real risks and unlikely risks. Ex. Industrial espionage and theft are likely, but a risk of a pack of dogs stealing contents of payroll files is low, therefore resources should be allocated to prevent espionage. * Computing Risk Assessment Prioritize Measurements of risk assessment Annualized rate of Occurrence (ARO) This is the likelihood, often drawn from historical data, of an event occurring within a year. Used in conjunction with monetary value assigned to compute Single Loss Expectancy (SLE) and Annual Loss Expectancy (ALE). Risk Assessment formula SLE x ARO = ALE You can expect that every SLE, which is equal to Asset Valve (AV) times Exposure factor (EF), will equivalent to $1000 and that there will be seven occurrences in a year (ARO), the ALE is $7000. Conversely if there is only a 1- % chance of an event occurring in a year (ARO=0.1) then the ALE Drops to 100. Examples: You are the administrator of a web server that generates $25,000 per hour in revenue. The probablility of the web server failing is estimated to be 25 percent, and a failure would lead...
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...Security Management RISK ASSESMENT Information systems have long been at some risk from malicious actions or inadvertent user errors and from natural and man-made disasters. In recent years, systems have become more susceptible to these threats because computers have become more interconnected and, thus, more interdependent and accessible to a larger number of individuals. In addition, the number of individuals with computer skills is increasing, and intrusion, or “hacking,” techniques are becoming more widely known via the Internet and other media. Arisk assessment is not about creating huge amounts of paperwork , but rather about identifying sensible measures to control the risks in your workplace. You are probably already taking steps to protect your employees, but your risk assessment will help you decide whether you have covered all you need to. Think about how accidents and ill health could happen and concentrate on real risks – those that are most likely and which will cause the most harm. For some risks, other regulations require particular control measures. Your assessment can help you identify where you need to look at certain risks and these particular control measures in more detail. These control measures do not have to be assessed separately but can be considered as part of, or an extension of, your overall risk assessment. Although all elements of the risk management cycle are important, risk assessments provide the foundation for other elements...
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...Learning Outcomes The learning outcomes of the Unit can be clarified as follows: • Understand How to Plan Resource Needs with the Team • Understand the Need for Change to Resource Requirements • Be Able to Monitor, Record and Control Resources Within the Work Area Task 1 A.C. 1.1 - Identify the links between organizational objectives and personal development objectives Company objectives I work for the Gibraltar Electrical Authority. It was established on the 28th March 2003, when an Act was passed in the Gibraltar House of Assembly. The company objectives are, to supply electricity in an efficient and economical manner and to maintain and develop the network and generating system. To employ and train professional, well-mannered staff, that offer safe professional installations to British and IET regulation standards, keeping up with the latest technology. The Division I work for is the Electrical Building Services Division. It is responsible for the following: - • Electrical installations and maintenance works in all Government buildings such as schools, offices, workshops, depots, • All government housing and various estates. • The installation and maintenance of any lighting system within St Michael’s cave. The Gibraltar Electrical Authority is owned and subsidized by the government, its objectives differ from private companies whose main objectives are to increase the company profit and cut its costs and losses. My personal development...
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...planning (OSRPP); yet it took nearly three months to seal the Macondo well. This paper is accordingly concerned with the reasons for the apparent failure of the BP oil spill response plan. This failure will be considered in light of current international environmental regulations on OSRPP and applicable United States legislation, whilst assessing the BP oil spill response plan’s compliance therewith. The study will also consider some theory in the development of OSRPP by looking specifically at risk assessment tools and applying key criteria to the BP oil spill response plan to determine its adequacy and appropriateness for its operations in the GOM. What the research will show is that the ill preparedness of BP and the U.S. Government to effectively respond to the blow out is symptomatic of the significant gaps in both industry and government’s existing response capacity in dealing with deep-water drilling environments primarily as a result of insufficient risk assessment, lax regulation and enforcement, and a lack of coordination in...
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...FAO FOOD AND NUTRITION PAPER NUMBER 65 RISK MANAGEMENT AND FOOD SAFETY Report of a Joint FAO/WHO Consultation Rome, Italy, 27 to 31 January 1997 ISSUED BY THE FOOD AND AGRICULTURE ORGANIZATION OF THE UNITED NATIONS IN COLLABORATION WITH THE WORLD HEALTH ORGANIZATION ROME, 1997 The designation employed and the presentation of material in this publication do not imply the expression of any opinion whatsoever on the part of the Food and Agriculture Organization of the United Nations concerning the legal status of any country, territory, city or area or of its authorities, or concerning the delimitation of its frontiers or boundaries. First issued in March 1997 in PDF format: reissued in April 1997 with corrections. The copyright in this document is vested in the Food and Agriculture Organization of the United Nations. Application for permission to reproduce this book, in whole or in part, by any method or process, should be addressed, with a statement of the purpose and extent of the reproduction desired, to the Director, Publications Division, Food and Agriculture Organization of the United Nations, Via delle Terme di Caracalla, 00100 Rome, Italy. FAO, Rome, 1997 CONTENTS CONTENTS ................................................................................................................................... iii LIST OF ACRONYMS....................................................................................................................v 1...
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...Climate Change Impacts & Risk Management A Guide for Business and Government Published by the Australian Greenhouse Office, in the Department of the Environment and Heritage. ISBN: 1 921120 56 8 © Commonwealth of Australia 2006 This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth, available from the Department of the Environment and Heritage. Requests and inquiries concerning reproduction and rights should be addressed to: The Communications Director Australian Greenhouse Office Department of the Environment and Heritage GPO Box 787 CANBERRA ACT 2601 Email: communications@greenhouse.gov.au This publication is available electronically at www.greenhouse.gov.au IMPORTANT NOTICE - PLEASE READ While reasonable efforts have been made to ensure that the contents of this publication are factually correct, the Commonwealth does not accept responsibility for the accuracy or completeness of the contents, and shall not be liable for any loss or damage that may be occasioned directly or indirectly through the use of, or reliance on, the contents of this publication. Climate Change Impacts & Risk Management A Guide for Business and Government Prepared for the Australian Greenhouse Office, Department of Environment and Heritage by: Broadleaf Capital International Marsden Jacob Associates CONTENTS A What This Guide Is About 1 Introduction 1.1 Purpose...
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...SACHS.DOCX (DO NOT DELETE) 8/1/2011 2:07 PM RESCUING THE STRONG PRECAUTIONARY PRINCIPLE FROM ITS CRITICS Noah M. Sachs* The Strong Precautionary Principle, an approach to risk regulation that shifts the burden of proof on safety, can provide a valuable framework for preventing harm to human health and the environment. Cass Sunstein and other scholars, however, have consistently criticized the Principle, rejecting it as paralyzing, inflexible, and extreme. In this reassessment of the Strong Precautionary Principle, I highlight the significant benefits of the Principle for risk decision making, with the aim of rescuing the Principle from its dismissive critics. The Principle sends a clear message that firms must research the health and environmental risks of their products, before harm occurs. It does not call for the elimination of all risk, nor does it ignore tradeoffs, as Sunstein has alleged. Rather, through burden shifting, the Principle legitimately requires risk creators to research and justify the risks they impose on society. By exploring where the Principle already operates successfully in U.S. law—examples often overlooked by the critics—I highlight the Principle’s flexibility and utility in regulatory law. This Article uses chemical regulation as a case study in how the Principle can guide Congress in an ongoing controversy. Congress is considering a major overhaul of the flawed Toxic Substances Control Act of 1976 (TSCA), and this change could be one of the most significant...
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...Laboratory biosafety manual Third edition World Health Organization Geneva 2004 WHO Library Cataloguing-in-Publication Data World Health Organization. Laboratory biosafety manual. – 3rd ed. 1.Containment of biohazards - methods 2.Laboratories - standards 3.Laboratory infection - prevention and control 4.Manuals I.Title. ISBN 92 4 154650 6 (LC/NLM classification: QY 25) WHO/CDS/CSR/LYO/2004.11 This publication was supported by Grant/Cooperative Agreement Number U50/CCU012445-08 from the Centers for Disease Control and Prevention (CDC), Atlanta, GA, USA. Its contents are solely the responsibility of the authors and do not necessarily represent the official views of the CDC. © World Health Organization 2004 All rights reserved. Publications of the World Health Organization can be obtained from Marketing and Dissemination, World Health Organization, 20 Avenue Appia, 1211 Geneva 27, Switzerland (tel: +41 22 791 2476; fax: +41 22 791 4857; email: bookorders@who.int). Requests for permission to reproduce or translate WHO publications – whether for sale or for noncommercial distribution – should be addressed to Publications, at the above address (fax: +41 22 791 4806; email: permissions@who.int). The designations employed and the presentation of the material in this publication do not imply the expression of any opinion whatsoever on the part of the World Health Organization concerning the legal status of any country, territory, city or area or of its authorities, or concerning...
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...Management Fall 2009 Non-financial risk assessment in mergers, acquisitions and investments Identifying sources of business risk in the ICT industry Bachelors thesis Erik Allenstr¨m, 1984-11-26 o Fredrik Njurell, 1984-01-30 ¨ Tutor: Osten Ohlsson January 14, 2010 Abstract The number of company mergers and acquisition activities has increased dramatically the last two decades. The reasons for conducting these activities are many and the uncertainties of their results are high. To reduce the uncertainties when making an investment, merger or acquisition it is vital to do a thorough assessment of the risks involved with the activity. This thesis focuses on a specific part of this risk assessment, namely the non-financial risks. Mergers and acquisitions are done in almost all industries around the world and the reasons for and benefits of these activities can vary between industries. We have chosen to investigate the risk assessment of non-financial risks in the Information and Communication Technology (ICT) industry. The thesis aims at investigating what business characteristics, for companies in the ICT industry, that give rise to non-financial risks that must be assessed when doing investments, mergers or acquisitions. Further on we present a risk pattern that points out what business characteristics that are the most important when conducting a risk assessment of non-financial risks on companies in the ICT industry. From a literature study we find evidence that ten different...
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...Running head: PURCHASING A HOUSE RISK PAPER Purchasing a House Risk Paper Keller Graduate School of Management Project Risk Management PROJ 595 Dr. Susan Orr August 04, 2013 Purchasing a House Risk Paper INTRODUCTION The many advantages to owning a home have been well publicized. However, the above satistics make it clear that owning a home is not without risk. To form a complete picture, you, the prospective buyer, need to consider the potential risks and disadvantages of home ownership as well. Understanding these disadvantages beforehand will give you a better chance of minimizing their impact and avoiding the fate suffered by these homeowners. RISKS IDENTIFICATION There are many risks in buying a new house such as: • The opportunity cost of investing in an alternative investment is very high because the entire cash and future income stream is tied up into one asset a home, which may or may not appreciate. • The house is an undiversified investment, so if the market tanks as it has, game over. • Knowing that we do not own our home, the bank does. • A lot of cost connected to home ownership, such as repairs and insurance and fees and potential hazards I have not considered. • If I lose my job, game over, this will put a lot of stress on me. • There is a chance that your new home will lose value. Luckily, in general, the longer you own your home, the less likely a loss becomes. Loss of value is typically a short-term problem, possibly due to the local...
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...Risk Management Overview February 21, 2011 FIN/415 Risk Management Overview Paper Risk management is a systematic process of managing the exposure of the organization to a variety of risks. This process has become increasingly important for the success of any organization in current competitive markets. The successful identification of threats and opportunities is crucial in risk management as it allows to create the processes and procedures allowing the company to maximize opportunities and minimize threats. Many organizations treat risk management seriously and create separate department responsible solely for risk management. Royal Caribbean Cruise Line incorporated risk management department into its structure. This step allowed this organization to improve the risk assessment procedures and introduce the necessary processes to minimize the impact of threats. The organizational risk relates to the organizational governance, operations, and information systems. The organizational risk management “provides assurance for reliable and accurate financial and operational information and reporting, effectiveness and efficiency of operations, and safeguarding of assets, as well as compliance with regulations, contracts, and the organization’s code of ethics” (Aghili, 2010, p. 23). Organizational risk management treats the relates to the organization as one entity and...
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