...student union DeVry University / Keller Graduate School of Management PROJ-595-63126: Project Risk Management March 25th, 2016 Professor: Dr. Jayaram Madireddy Contents 1. Introduction 3 2. Risk Managment 4 3. RISK ACCESSMENT…….……………………………………………………..10 4. Conclusion 12 5. References 13 1. Introduction “This project is to introduce a new construction facility to house a state-of-the-art student union for MSOE, focusing on sustainability, green technologies, and renewable energy”. The Campus Center, or “CC” at Milwaukee School of Engineering (MSOE) is currently home to the student bookstore, administrative offices, a small café, a variety of classrooms for different disciplines, and a third-floor lounge area for students to gather to study or relax (Milwaukee School of Engineering, 2016). This aging building has served MSOE well for many years, but the growing school requires a proper student union to remain competitive with other top ranked schools in the Midwest. This project will provide a new construction facility to house a state-of-the-art student union for MSOE, focusing on sustainability, green technologies, and renewable energy sources to showcase the commitment of MSOE to the future health and well being of the Milwaukee area. 2. Risk Management Planning When analyzing the risks that takes place during the project planning phase. what is sometimes dificult to access is how the risk analysis should...
Words: 1718 - Pages: 7
...PROJ 595 | Table of Contents Introduction 2 Scope 2 Risk Identification 3 Negative Risk Analysis 4 Positive Risk Analysis 10 Decision and Fault Tree Introduction 17 Decision Tree 18 Decision Tree Discussion 18 Fault Tree 19 Fault Tree Discussion 20 Conclusion 20 Works Cited 22 Introduction I will be conducting a risk management plan for the construction of a large scale Ashley furniture store. This plan will identify both positive and negative risks, and will include their probability, impact, risk ranking number and color code and proactive ad reactive response plans. The process of how these risks were identified will be discussed as well as how they were ranked. With any large scale commercial project comes many risks. There can also be multiple strategies to mitigate or avoid certain risks for example and these plans will also be discussed in individual detail. Scope The project will consist of the construction of a 100k sq. ft. facility to house a new Ashley Furniture Store. The facility will be laid out into the following departments; master bedrooms, kids bedrooms, dining rooms, living rooms, entertainment rooms, kitchens, bedding, and foyer with a designated amount of space for each. Each section will have up to five ceiling lights and five receptacles. Two male, two female and two handicap restrooms will be located in the rear western corner, the front door will face south, and the storage area will be adjacent to...
Words: 6546 - Pages: 27
...FOREIGN INVESTMENTS AND TRADE No change in custom duty, excise duty reduced and EXIM policy modified Custom duty on two-wheelers has remained unchanged at 10.3 per cent from last few years. However, in the recent Interim Union Budget 2014-15, excise duty on twowheelers was reduced by 4 per cent from 12 per cent in 2013-14 to 8 per cent. Also, CKD definition changed in the Union Budget 2012-13 continued to affect only premium bike category which are priced above Rs 1 lakh. Various measures has been taken under new EXIM policy to in order to promote exports. Investment policy The Auto Policy (formulated in 2002) allows 100 per cent foreign direct investment (FDI) in the automobile industry through the automatic approval route. (The policy is in line with the commitments made by India to the WTO). Minimum capitalisation requirements have been abolished, in line with India's commitments to the World Trade Organisation (WTO). International companies can invest in India either by picking up a 100 per cent equity stake or by acquiring a share jointly with a domestic company, in the auto and auto ancillary segments. The policy aims to promote a globallycompetitive auto industry in India and develop the country as an international centre for sourcing auto components for manufacturing small cars, tractors and two-wheelers. Removal of quantitative restrictions In order to comply with the WTO agreement, quantitative restrictions on the import of new and used two-wheelers have been...
Words: 1544 - Pages: 7
...Ryanair Strategic Analysis And Recommendations For The Future Ryanair is the first budget airline in Europe. Based on the case study of Ryanair by Eleanor O’Higgins, a role of a management consultant is assumed to conduct a strategic analysis on the company. The report consists of the initial Environment Analysis conducted on Ryanair prior to the detailed strategic analysis that will be conducted in the future in order to provide the company with strategic recommendations for the future. The Environmental Analysis conducted consists of both an extensive analysis on the external environment and the internal environment. The external environment analysis is conducted in order to identify the nature of the environment Ryanair operates in and its impact on the strategic situation of the company. Through PESTEL, External factor and Industry analysis conducted, rejection of Aerlingus offer and rules and regulations imposed by governments etc. are recognized as the critical external environmental factor affecting Ryanair’s strategy. An analysis of the internal environment through Value Chain model and SWOT analysis reveals the key issues hindering the strategic success of the firm; poor customer service and human resource problems. While this initial environmental analysis is used to assist the strategic analysis that is to be conducted on Ryanair, the importance of taking necessary actions regarding the critical issues is highlighted, CONTENT EXECUTIVE SUMMARY 1 CONTENT 2 1INTRODUCTION...
Words: 2334 - Pages: 10
...Union Budget 2014-15 10th July, 2014 Union Budget 2014-15 Budget 2014-15 Holistic Plan of Action In comparison to the less than ordinary and unimaginative budgetary proposals of yester years, Modi’s maiden budget comes as a welcome change from the norm. The proposals and reforms suggested in the Union Budget 2014-15 are ground breaking, specific with a good measure of thought & common sense and vastly catered for holistic growth of the economy. The challenging circumstances of a slowing economy, soaring energy prices, inflation, fiscal and current account deficits do not provide adequate leeway to maneuver and hit the path of high growth. Yet the Budget provides a comprehensive plan and directional footprint towards overcoming these hurdles to sustainable growth of 7-8% over the next few years along with providing macro economic stability, lowered inflation, realistic fiscal health targeting and a manageable current account deficit. Country is in no mood to suffer unemployment & apathetic governance 10th July, 2014 Union Budget 2014-15 Budget 2014-15 Holistic Plan of Action The Finance Minister while presenting the budget takes cognizance of the fact that decisive action to fuel growth without populism is the need of the hour. And that resources for developmental expenditure cannot be raised at the cost of burdening the future generations with the legacy of debt. He goes on to emphasize the need to mobilize resources through both tax and non-tax...
Words: 6597 - Pages: 27
...AN ANALYSIS OF BUDGET AIRLINE- ‘RYANAIR’ Module Name: Management and Strategy (MBA INTERNATIONAL) Module Reader: Claire Devlin Student Name: Varghese Jacob Student Number: 8202730 Date: 16/03/2007 Introduction Air line Industry can be called as one of the biggest industry in the world. In that huge industry European Airline industries part is very high. European Airline industry consists of two sectors mainly Main stream and Budget Airlines. The budget airline sector is becoming a great threat to the main stream airlines in these days. Among the Budget Sector Airlines Ryanair is the most established one. Here the essay is mainly dealing with the reviewing of the management strategy of the budget airline giant RYANAIR. Essay includes not only the management strategies but also the main problems that Ryanair have to face in their entire business period. And also includes the analyses of European Airline Industry in relation to Ryanair. ANALYSIS OF EUROPEAN AIRLINE INDUSTRY European Airline industry can be called as the world’s biggest airline industry. Europe’s main stream airlines industry includes British airways, Lufthansa, Scandinavian Airlines and BMI. Before the establishment of the budget airlines they were the kings of European airline industry. The Budget Airline or the Low frae airline includes Easyjet, Virgin Express, Aer Lingus, bimbay My TravelLite and last but not the least Ryanair. Among these...
Words: 3709 - Pages: 15
...apparent that there is not enough money available to fund necessary programs, and the funding is not forthcoming, local governments have been forced to reexamine themselves to find new ways to provide the essential services that they are obligated to provide. In the age of budget cuts that we live in today, performance management is being used more and more to help organizations effectively meet their objectives in an economically responsible manner. 1.) The impact of a recession on a law enforcement agency’s ability to plan a budget Parlow, Matthew J., "The Great Recession and Its Implications for Community Policing" (2012). Faculty Publications. Paper 607. http://scholarship.law.marquette.edu/facpub/607 When the economy was flourishing, local governments were able to pay for services to any jurisdiction. The Great Recession has forced localities to think critically about whether they can sustain these practices given budget cuts. Sweeping reductions put law enforcement on pace for its first job decline in 25 years. The effects of the economic downturn on law enforcement agencies may be felt for the next five to 10 years, or worse, permanently. The days when local governments allocating up to 50% of their budgets for public safety are no longer a fiscal possibility in this economic climate. Law enforcement agencies are freezing new hires, cancelling recruit training classes, forcing officers to take unpaid days off, reducing their salaries as much as...
Words: 2763 - Pages: 12
...The Fiscal Compact: A Pillar of Understanding: In this project we will look at the Fiscal Compact Treaty which came into effect on the 1st of January 2013. Firstly, we will briefly outline the various factors that led to the signing of the Treaty. Following this we will assess the rules established under the Treaty and how the Treaty will impact future fiscal policy. Furthermore, we will compare and contrast which method of ratification, public referendum or a vote in parliament is more suitable for Ireland when it comes to deciding on EU matters, such as the Fiscal Compact. In addition to that we will interview a person who has strong convictions regarding the Fiscal Compact. To conclude, we will present our opinions and recommendations based upon our research and findings. We will seek to predict whether the Treaty will solve the Eurozone Crisis or plunge the EMU into greater financial instability. Background and Contributing Factors A number of factors contributed to the signing of the Fiscal Compact Treaty on 2 March 2012 (European Council, 2013). Although the Eurozone crisis was the main driving force behind the signing of the Fiscal Compact, a number of flaws existed before the collapse of the Eurozone (McArdle, 2012). McArdle (2012) notes that a major drawback was the fact that the Eurozone didn’t have a common fiscal policy. A “Stability and Growth Pact” (SGP) was passed and came into effect on the 1st January 1999 and made a number of key structural changes (McArdle...
Words: 4798 - Pages: 20
...The economic impact of EU membership on the UK This note examines the various channels through which membership of the EU affects the UK economy. A general sense of the EU’s economic impact can be gained by reading Section 1 alone. Subsequent sections deal with particular issues, such as the EU’s effect on UK trade relations, in more detail, and compare the UK’s situation with alternative arrangements. Contents 1 Introduction and summary 2 2 Cost-benefit analyses of EU membership 5 3 The effect of the EU on UK trade relations 6 4 Impact of immigration from the EU 16 5 The impact of EU regulation 20 6 Fiscal consequences of EU membership – the EU budget 23 7 The EU’s effect on consumer prices 28 8 Foreign direct investment (FDI) 30 Appendix table: a comparison of the EU with alternative trading arrangements 32 Boxes Would independence over trade policy lead to better results? 15 The EU budget – winners and losers 27 Trade barriers and economic efficiency 29 Related Library briefings Leaving the EU, Research Paper RP13/42 In brief: UK-EU economic relations, Standard Note SN6091 Norway’s relationship with the EU, Standard Note SN6522 Switzerland’s relationship with the EU, Standard Note SN6090 The UK and Europe: time for a new relationship?, Standard Note SN6393 1 Introduction and summary 1.1 Understanding the economic impact of EU membership EU membership...
Words: 14699 - Pages: 59
...Kelsey Budget Report September 24, 2012 Kelsey Budget Report Kelsey is located in the Northwest valley and has a population of over 600,000 residents. Kelsey’s budget plays an important role in the City of Kelsey Government. Kelsey has an extensive budget and financial report because of the size of the city and the number of residents that live in the city. Recently the mayor of Kelsey has put in a request to Kerry, the budget director. The request asks that the budget director needs to revamp the City of Kelsey budget for the upcoming year. Because of an increase in population in the City of Kelsey, statistics show an increase in crime in the City of Kelsey that is above the norm. This brings about a need for more police officers (University of Phoenix, 2011). Another issue is the recent reduction in federal pass-through funds, which will have a negative impact the budget for the City of Kelsey. At the federal level, a budget reform has put pressure on the City of Kelsey and other policing agencies to implement the use of federal funds within the allotted period. The mayor of Kelsey does not believe that state aid is an option for the City of Kelsey to make up the budget deficit, and increasing taxes does not appear to be an option because the state and local government does not want to increase taxes as this time. A final issue is a local club; the Sierra Club does not want more police officers and instead wants the City of Kelsey and the state to build more...
Words: 1494 - Pages: 6
...Cover Page Course Project Part II Military Retirement Ceremony Keller Graduate School of Management PROJ 595 – Project Risk Management Phillip Thatcher October 24, 2014 Edward Yerington TABLE OF CONTENTS Project Risks for Planning a Military Retirement Ceremony Course Project Part I ………………………………………………………………………………………….3,4,5,6,7,8,9 Introduction……………………………………………………………………………………………………………………………10 Decision Tree Analysis……………………………………………………………………………………………………………11 Discussion of Decision Tree…………………………………………………………………………………………………..12 Fault Tree……………………………………………………………………………………………………………………………….13 Discussion of Fault Tree………………………………………………………………………………………………………..14 Conclusions…………………………………………………………………………………………………………………………….15 Works cited…………………………………………………………………………………………………………………………….16 Introduction The Project Manager or the Commanding Officer of this project is responsible for the implementation of the Project Risk Management Plan. A formal detailed plan is required for these large complex and high-risk projects. These projects require a specified treatment plan to monitor and control risk. However, for smaller less complicated projects the risk plan is usually combined into the daily operations of the project tasks. In which I will assign to the appropriate sections. Such was the case for the planning a Military Retirement Ceremony. This report will discuss how risk were identified, prioritized and monitored for the project of planning...
Words: 5799 - Pages: 24
...I. Current Situation a. Current Performance i. How did the corporation perform the past year overall in terms of ROI, market share, and profitability? b. Strategic Posture What are the corporation’s current mission, objectives, strategies and policies? i. Are they clearly stated, or are they merely implied from performance? ii. Mission: What business is the corporation in? Why? iii. Objectives: What are the corporate, business, and functional objectives? Are they consistent with each other, with the mission, and with the internal and external environment? iv. Strategies: What strategy or mix of strategies is the corporation following? Are they consistent with each other, with the mission and objectives, and with the internal and external environments? v. Policies: What are the corporation’s policies? Are they consistent with each other, with the mission, objectives, and strategies, and with the internal and external environment? vi. Do the current mission, objectives, strategies, and policies reflect the corporation’s international operations, whether global or multi-domestic? II. Corporate Governance a. Board of Directors i. Who is on the board? Are they internal or external members? ii. Do they own significant of stock? iii. Is the stock privately held or publicly traded? Are there different classes of stock with different voting rights? iv. What do the board members contribute to the corporation in terms of knowledge, skills background, and connections?...
Words: 2745 - Pages: 11
...Introduction Over the last 12 months, the excessive sovereign debt problems in Portugal, Ireland, Italy, Greece, and Spain which all are members of European Union led to a crisis in the global financial system. As the European Monetary Union members use the Euro as the common currency, they do not have abilities to use independent monetary policy, the solution of this debt crisis which can influence the whole global financial system becomes to difficult to be found. Chart 1: How country debts and budget deficits compare [pic] Source: Eurostat Newsrelease Euroindicators 2010 According to the Chart 1 above, the debt of Italy is 115.8% of GDP and Greece (115.1% of GDP) is closely followed, while Ireland has the highest budget deficit of 14.3% of GDP and next is Greece (13.6% of GDP). However, the European Union member states were required to have 3% for the ratio of the actual government deficit to GDP as market prices and 60% for the ratio of government debt to GDP at market prices (Treaty on European Union, 1992). It is clear that all member states shown above broke the standard of Treaty on European Union and have excessive deficit and debt relate to the GDP. Government debt is defined as the government borrowing in order to satisfy the short-term liquidity needs or the longer-term budget capital expenditures (Edirisuriya, 2010). The government debt usually can be caused as an accumulated governmental deficit over several years or several decades. A large scale of...
Words: 2023 - Pages: 9
...Individual Assignment Evaluation of the Planning function of Union Assurance PLC MBA 12/3103 P. Rajan Group B Course : MBA 501: Managing Organisations Instructor : Dr. A. Dharmasiri Term : January - March 2012 Postgraduate Institute of Management University of Sri Jayewardenepura Declaration I am fully aware of the content under plagiarism stated in Chapter VII of the PIM Student’s Handbook, and I hereby declare and affirm that I have strictly observed the law relating to intellectual property, copyright and plagiarism in this exercise. Pratap Rajan Name Signature Date INTRODUCTION The purpose of this report is to document and critically evaluate the planning function of an organisation and to recommend improvements in the process. The organisation selected for the purpose of this assignment is Union Assurance PLC. Union Assurance PLC is a composite insurance company transacting both General and Life Insurance business and is currently the fourth largest insurer in Sri Lanka in terms Gross Written Premium. Union Assurance PLC (UA) is a subsidiary of John Keells Holdings PLC (JKH), one of the largest conglomerates in Sri Lanka. THE PLANNING FRAMEWORK OF UA The Vision and Mission statements of UA are as follows: Vision: To be the most sought after provider of insurance solutions Mission: To provide protection, financial security and create...
Words: 3906 - Pages: 16
...Introduction To understand into the trend of European currency change nowadays, the origins of the Euro (€) had been studied. From the background of Euro, initial idea for the creation of Euro can be trace back to 1979 when European Union (EU) set up European monetary system (EMS). Due to the successful of EMS, the European Union decided to form the Economy and Monetary Union (EMU) to create Euro in December 1991.The main advantages and disadvantages of a single currency for the countries and the zone had been analysis with the macroeconomics knowledge that has learnt from this course. The advantages mainly help to eliminate the floating exchange rate, transaction cost and price transparency, whereas the disadvantages include loss of sovereignty, cost of Euro and budget position. Thus, the significant influences of Euro dollar from birth to now, it can be known that Euro currency is defined under flexible exchange rate system. With flexible exchange rate, the currency can be effort between the capital movements, tax and subsidize international trade and therefore the currency from overseas will influenced the demand. 2. Analysis 1. History of Euro In January of 1999, single currency, Euro has been introduced by members of European Union. It has been approved by Maastricht Treaty and used by its members currently who called as Eurozone. Those members consists of 16 members which are Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg...
Words: 2771 - Pages: 12
