...Name Professor’s / Tutor’s Name The Course Number 29 October 2015 Risk Register According to (Hulett, 123), is a master document prepared after drafting a risk management plan. A risk register is essential as it enables one to highlight certain risks, their severity, and the action to take to prevent the occurrence of the risk or even minimize its impact. In a risk management plan, various countermeasures are outlined in case the risk happens. These countermeasures are put in reducing the severity of the threat when it happens. A risk register is part of the risk management plan. In this paper, my interest is to prepare a risk register given then activities of my project. Date | 29th October 2015 | | Description of the risk | The problem may not be completed due to the scarcity of time and resources. Also different activities within the project might take long | | Risk Type | The risk we are facing is a project risk | This type is because we are undertaking to implement a project | Chances of occurrence | The likelihood of the risk to occur is medium | The percentage chance of happening is between thirty to seventy percent. | Severity of the risk | The risk will not be severe. Its effect will be moderate | This action will depend on measures adopted to minimize the impact of this risk. | Counter Measures | Contingency planning and adequate allocation of resources and time | Contingency planning will involve short-term plans as opposed to long-term plans. |...
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...Developing a Risk Register What is a risk register? The risk register lists all the risks identified at the beginning and during the life of a project or undertaking, their grading in likelihood of occurring and seriousness of impact on the project, initial plans for mitigating each high level risk, and subsequence results. It usually includes: • A unique identifier for each risk • A description of each risk and how it will affect the project • An assessment of the likelihood it will occur and the possible seriousness/impact if it does occur (low, medium, high) • A grading of each risk according to a risk assessment table (refer to table 1) • Who is responsible for managing the risk • An outline of proposed mitigation actions (preventative and contingency). The Register should be maintained throughout the project and will change regularly as existing risks are re-graded in the light of the effectiveness of the mitigation strategy, and new risks are identified. In smaller projects the risk register is often used as the risk management plan. Why would you develop a risk register? A risk register is developed to: • Provide a useful tool for managing and reducing the risks identified before and during the project • Document risk reduction and management strategies • Provide those involved with or supporting the activity with a documented framework from which risk status can be reported • Ensure the communication of risk management...
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...RISK REGISTER | Risk Identification | Qualitative Risk Assessment | Risk Response Plan | Ref. | Description of Risk | Consequences | Primary Objective | Likelihood(H-M-L) | Seriousness(H-M-L) | Managing or Mitigating Actions | Responsible Officer | 1. | Inspection happens at the construction site for checking permits or quality check | Any problem might cause delay in project. | Time | L | M | Take proper permits related with set up of building | Project Manager | 2. | Insufficient Material available | Insufficiency means additional time and raw material cost | Time | M | H | Quantity of the raw material required should be duly checked before and also at regular intervals so that at least delay can be avoided. | Project Manager | 3. | Shortage of labourers | This might increase the cost in two ways:-Introduce machinery-training cost of remaining working laborers | Cost | H | H | Try retaining labourers back by a nominal increase in wages or through productivity based incentives | Consultant | 4. | Difficulty in managing the overall cost | The financial differences would eventually increase the time as arrangement of remaining funds would stop the project for a while | Cost | H | H | Should Ensure that proper financial planning is done, and excess fund should be reserved for unforeseen contingencies | Project Manager | 5. | Maintaining the...
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...Management VoIP Implementation-Risk Management Introduction: Risk is for all intents and purposes anything that debilitates or limits the capacity of a group or philanthropic association to accomplish its main goal. It can be startling and erratic occasions, for example, devastation of a building, the wiping of all our PC records, loss of stores through robbery or harm to a part then again guest who stumbles on a tricky floor and chooses to sue. Any of these or a million different things can happen, and on the off chance that they do they can possibly harm our association, money loss, or in a most dire outcome imaginable, cause your association to close. [1] Risk Management: Risk management is the procedure of distinguishing risk, surveying risk, and making moves to diminish risk to a worthy level. The risk management methodology decides the procedures, strategies, instruments, and group parts and obligations regarding a particular task. The risk management plan portrays how chance administration will be organized and performed on the venture. As an administration procedure, risk management is utilized to recognize and maintain a strategic distance from the potential cost, timetable, and execution/specialized dangers to a framework, take a proactive and organized way to deal with oversee negative results, react to them on the off chance that they happen, and distinguish potential open doors that may be covered up in the circumstance. The risk management approach and arrangement...
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...General OHS Inspection Checklist This checklist is included as a guide only and may be modified to suit specific contract requirements |Contract Name: | |Contract Description: | |Works Manager: Date: | |Contractor: | |Indicate in the following manner: (Acceptable (Not Acceptable N/A Not Applicable | |Health and Safety Systems | |OH&S policy displayed | | |Accident report book | | |Induction records | | |Rehabilitation policy available ...
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...A REPORT ON THE ENTERPRISE RISK MANAGEMENT PLAN OF MH GROUP HOLDINGS A risk is an event or condition that, if it occurs, may produce positive or negative effects on a company’s objectives. The risk management process therefore identifies, assesses, controls, monitors and reports the exposures that an entity faces. This report defines the exposures associated with MH group; how they will be identified, assessed and managed and also outlines how the risk management activities will be performed, recorded and monitored on a regular basis. This report is presented by the Risk Manager to the Board of directors on the risk management analysis of the following entities of the group; MHA, USA-based professional baseball team and the Canadian textile manufacturing and distributing entity. The steps for accomplishing this are outlined in the following sections. The focus has been to identify pure risks rather than speculative risks. Government regulations and natural catastrophes?? 1) Risk Identification and assessment for MHA The risk identification process entails the evaluation of environmental and operational factors as well as the organisational structure. Information is gotten from the financial reports, audit report, industry reports, site visits, employee questionnaires and contracts/agreements with contractors and suppliers. The holding’s revenue has tripled since 2001; a detail examination of loss histories would add valuable information to risk management analysis. The assessment...
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...BUS 519 Assignment 3: Risk Workshop and Risk Register ( EQI in SIWA ) https://homeworklance.com/downloads/bus-519-assignment-3-risk-workshop-risk-register-eqi-siwa/ Due Week 6 and worth 240 points Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another. Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you: 1. Identify the required pre-workshop activities. 2. Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case. 3. Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat. 4. Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. 5. Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each opportunity. 6. Justify the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment...
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...BUS 519 Assignment 3: Risk Workshop and Risk Register ( EQI in SIWA ) Follow Below Link to Download Tutorial https://homeworklance.com/downloads/bus-519-assignment-3-risk-workshop-risk-register-eqi-siwa/ For More Information Visit Our Website ( https://homeworklance.com/ ) Email us At: Support@homeworklance.com or lancehomework@gmail.com Due Week 6 and worth 240 points Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another. Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you: 1. Identify the required pre-workshop activities. 2. Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case. 3. Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat. 4. Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. 5. Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon...
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...BUS 519 Assignment 3: Risk Workshop and Risk Register ( EQI in SIWA ) https://homeworklance.com/downloads/bus-519-assignment-3-risk-workshop-risk-register-eqi-siwa/ Due Week 6 and worth 240 points Note: The assignments are a series of papers that are based on the same case, which is located in the Student Center of the course shell. The assignments are dependent upon one another. Write an eight to ten (8-10) Risk Workshop and Risk Register Component paper in which you: 1. Identify the required pre-workshop activities. 2. Prepare a risk workshop agenda based on Figure B-8, Sample Agenda for a First Risk Assessment / Two – Day Risk Workshop (Appendix B of the Hillson and Simon text). Include suggested time intervals for each activity and justify why each agenda item is relevant for this case. 3. Determine the top five (5) threats in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each threat. 4. Justify the assignment of probability and impacts for each threat identified in criterion number 3 of this assignment. 5. Document the top three (3) opportunities in a risk register following Figure B-11, Sample Simplified Risk Register Format (Appendix B of the Hillson and Simon text). Include information from the case for each opportunity. 6. Justify the assignment of probability and impacts for each opportunity identified in criterion number 5 of this assignment...
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...------------------------------------------------- TASK 1A. RISK REGISTER OF TARRANT COUNTY HOSPITAL OF NORTH TEXAS Risk | Description | Owner | Source | Likelihood of Occurrence* | Severity of Impact* | Controllability* | Typhoon*global risk | Typhoon strikes Japanese supplier of latex gloves. The hospital gets ¾ of its latex gloves from this Japanese company because of cost efficiency. The typhoon floods Japanese supplier thus halting production of gloves which can cause hospital to run low on latex gloves | Japanese supplier’s CEO | Natural Disaster | Low to medium; will most likely occur during typhoon season; on average typhoons, historically, in Japan are not severe enough to cause this type of delay because supplier is located far enough inland | Low to medium; will depend on the size of the typhoon as well as direct or indirect impact | Low; hospital has low control over this situation because it is a natural disaster; hospital can suggest ideas to supplier to help prevent a total shut down due to typhoon | Patient Slip/Falls | Patients slip and fall while in the care of the hospital staff | Chief Medical Officer of hospital | Hospital nurses and patient technicians | Medium as patient needs to get up for bathroom or required exercise | High; if there is a slip/fall in the hospital, there is potential for injuries and legal ramifications | High; written policy in place to handle patients and their needs as well as staff training on patient safety | Infection...
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...Title: Basics of Estimation and Building a Risk Register in Project Management Office Authors Name: 1. Dr. Balbir Singh 2. Dr. Lakshmi B. Affiliation: Administrative Staff College of India Mailing Address: balbirahs@gmail.com Mobile: 9059350790 Key Words: Project Management Office, Cost Estimation, Risk, Benchmark, Strategy. Basics of Estimation and Building a Risk Register in Project Management Office Abstract: Analysis of measurement data from multiple projects allows the organization to formulate new estimating models and also to set certain benchmarks. Hence it is important to make measurement an integral part of the estimating process. Later, when we get ready to identify a risk, one thing that we must ask our self is what could greatly block the team or project from being able to achieve its objectives? When we take the time to figure out what may have an impact on our ability to reach our goals, this will give us the foundation which is necessary to properly construct the risk register. Key Words: Project Management Office, Cost Estimation, Risk, Benchmark, Strategy. Introduction: The success of software projects depends largely on the Effort and Cost Estimation. Consequentially, a lot of work is done proposing good estimation procedure but without any convincing results. In this article we will see some ways on improving the accuracy of estimation. What are estimates? The word “estimate” is to produce a statement of the approximate value of some quantity. Note...
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...Registration System the online registrar version 0.1 Specifications Document by Emma Boroson Introduction This Course Registration System is a web-based program aimed to make easier and more convenient the class registration process, a hassle through which students go every semester. As it stands, here at Brown University, in order to officially register for classes, each student must fill out a course registration form manually, bring it to the Registrar’s Office at University Hall, stand in line (often for upwards of twenty to thirty minutes), and finally have the form officially approved and stamped. In order to change anything about one’s current schedule, such as dropping or adding a class, changing grade option, or showing official permission from a professor, the student must go through the same tedious process. Course Registration System (CRS) attempts to alleviate these hassles by providing several services to students through the internet. CRS provides a way to search for classes without having to open a course catalog, a way to “shop” around and view various possible schedules, and finally, officially register for the chosen classes. All this can be done in the privacy of the students’ own rooms and without the stress and time it takes to stand in line in University Hall. The System Basical sketch of the system model Network Login GUI search keys GUI DB Course Pages GUI The various parts of the system are: ● Login/Security – Login using NetID and password...
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...public company; or is a barrister, advocate or solicitor; or is a member of any of the following bodies: the Institute of Chartered Accountants; the Association of Certified Accountants; the Institute of Chartered Secretaries and Administrators; the Chartered Institute of Cost and Management Accountants; the Chartered Institute of Public Finance and Accountancy; or is a person who, by virtue of having held any other position or being a member of any other body, appear to the directors to be capable of discharging the functions of secretary. The duties of company secretary include the following: ensuring that the company’s documentation is in order, that the requisite returns are made to the companies Registry, and that the company’s registers are maintained; taking minutes of meetings; sending notices to members; and countersigning documents. Powers of company secretary, the secretary is the chief administrative officer of the company and no matters of administration he has ostensible authority to make contracts on...
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...If this is your first visit, be sure to check out the FAQ by clicking the link above. You may have to register before you can post: click the register link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. Results 1 to 6 of 6 Thread: suffer of or suffer from Thread Tools Search Thread 7th March 2013, 4:48 AM #1 gothicpartner's Avatar gothicpartner gothicpartner is offline Senior Member Join Date Dec 2005 Location Bruges Native language Spanish Posts 1,175 Hi all I've always used "suffer from something" , but today, I heard someone say "if you're a suffer OF allergies...". The question is: Are there any difference between Suffer of and suffer from?. I've googled and also I've come across suffer of love, suffer of depression, suffer from anxiety, etc. Could you clarify this for me, please? Regards Reply With Quote Reply With Quote Ads by Google English Grammar Checker Correct All Grammar Errors And Enhance Your English. Try Now! www.grammarly.com/Grammar_Checker 7th March 2013, 4:53 AM #2 kayokid's Avatar kayokid kayokid is online now Senior Member Join Date Mar 2006 Location Chicago Native language English, USA Posts 6,775 Hello. I have never heard 'to suffer of.' In my opinion this is incorrect. You suffer from something/a disease. Ex. I suffer from hay fever and many other allergies. (Also: I have hay fever and other allergies.) She suffers from depression/severe...
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...occasionally hold a small conversation with them. This was easy for me because I am a nice person, I smile a lot, and I can talk to just about anybody. On my first day working for Kmart was pretty good, I came right on in and they assigned and girl name Morgan to help me learn how to work the register. She just moved out the way and came to my side to tell me what to do as I was doing a transaction. I am going to be honest I was scared because I didn’t know what I was doing, but then again it was just my first day. After a couple of transactions I started to get the hang of checking people out and it wasn’t as hard as I thought it was going to be, then again I was just pushing a couple of buttons. During the slow times while we didn’t have any customers I talked with the other cashiers and got to know them. All of them seem to be pretty cool and we all got along very easily. About an hour went by then it was time for me to leave, but another girl came in, her name was Shanikka. I just worked with her then until it was time for me to go home. A few more hours went by, then she left me on the register by myself to go fold clothes. I didn’t want her to leave because I did not want to be alone on the register by myself. She came back and ask me if I had any problems with anything; I didn’t have any problems at all. Honestly, I think I did pretty well for my first day. In conclusion, you shouldn’t be scared for your...
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