Review Of Literature On Risk Management - 1767 Words

Review of Literature On Risk management in relation to project management Abstract The aim of this paper is to review previous studies of risk management on project management. Previous studies show that there is a need for risk management in project management, and that there are different approaches to which risk can be mitigated depending on the nature of the project. The main purpose of the article is to show the different methods that have been used and how they have been successful. Introduction Risk can be defined as any possible event that can negatively affect the viability of a project. Projects are run in environments of uncertainty and becomes the basis for the need to engage in project risk management. Risk management†¦show more content†¦The article proposes a strategy-based project management philosophy and methodology which integrates planning, decision making and risk management, and enables real time optimisation of the project s strategic goals versus its variables (Jaafari, 2001). By means of this methodology it would allow for risk to be mitigated at every stage of the project and further reducing uncertainty because the reality is that projects are subject to constant changes due to external factors, changing objectives and poor methods for project realisation. The author has argued the case for a major shift in practice, from the current task and activity based approaches to a strategy-based management within an integrated and collaborative framewor k, which has the potential to overcome traditional dispersion of responsibilities on these projects. Risk management should form a core function of this strategy-based project management approach, using life cycle objective functions as the main drivers for risk reduction and value addition. CHAPMAN, C. AND WARD, S. Why risk efficiency is a key aspect of best practice projects As stated in the previous article, the traditional approach towards risk management may not be effective, however not applying the formal processes that are required can lead to an even deteriorating aspect in practice. Furthermore, not all projects will be subject to formal risk management process, however everyoneShow MoreRelatedEffective Risk Management Signal Virtue Based Leadership997 Words   |  4 PagesThe third journal article reviewed was Can Effective Risk management Signal Virtue-Based Leadership? The abstract discusses how it is believed the effectiveness of risk management is centered on leadership virtue and governance. In addition, the abstract discusses how risk management is a continuous process. There are numerous risks occurring every day that threaten the welfare of the world and government. The government faces these risks on a daily basis, whether it is social unrest, cyber-attacksRead MoreEssay on Risk and Return Analysis for Efficient Portfolio Selection 892 Words   |  4 PagesRISK AND RETURN ANALYSIS FOR EFFICIENT PORTFOLIO SELECTION Keywords: Efficient allocation, Risk and return, Return on investment, Expectations, Investment 1. INTRODUCTION All investment decisions necessitate consideration of the required return, the expected return, and the estimated risk. Markowitz (1952; 77) states the process of selecting a portfolio may be divided into two stages. The first stage starts with observation and experience and ends with beliefs about the future performances ofRead MoreAn Empirical Analysis Of Supply Chain Risk Management1692 Words   |  7 Pages  Literature Review: Jorn-Henrik Thun and Daniel Hoenig in the paper titled â€Å"An empirical analysis of supply chain risk management in the German automotive industry† applied the practices of supply chain risk management by surveying sixty-seven manufacturing plants in German automotive industry. The need of real empirical research in supply chain risk management to help analyzing supply chain risk and test the previous research proposed instruments that can be applied for supply chain risk managementRead MoreThe Risks Healthcare Providers Experience And The Impact Cloud Computing1418 Words   |  6 Pagesal (2014) analyzes the risks healthcare providers experience and the impact cloud computing has in using the new technologies. Focusing on overall risk management, the study takes a holistic approach, where the research focuses both on human and organizational aspects. Using interviews as a form of data collection, the authors categorize risks and assesses impact from 2 perspectives; suppl y (S) and information systems (IS) as shown in the table 1 below. Table 1 Risk Risk Type Impact FailureRead MoreExploring The Earnings Management Techniques, Materiality Concept, And Ethical Judgments817 Words   |  4 PagesArticle #6 Abstract. The article reviewed was Effects of Materiality, Risk, and Ethical Perceptions on Fraudulent Reporting by Financial Executives. The abstract demonstrates how the materially affects a code of ethics and follows with financial risks and fraudulent activities (p. 243). Introduction. The author studies the financial reporting, earnings management, and relationships with stakeholders. Over the years, Securities and Exchange Commission (SEC) and Public Company Accounting OversightRead MoreEssay on Aft Task 11473 Words   |  6 Pagesinclude Communication, Information Management, Medication Management and Infection Control. The goal of these four focus areas is safety. The goal of safety is the most important because it allows for the best management and treatment of patients. This will guide the hospital’s focus toward the best protocols and policies which will reduce patient harm and errors. Each policy and protocol is specifically designed for each individual facility. Medication Management is the focus area in which I choseRead MoreThe Baseline Theory, And Game Theory1102 Words   |  5 Pagesstands high applicable chances based on the idea that any business has to weigh the risks involved before considering a particular strategy (Blonski Spagnolo, 2015). Cloud computing is part of the technologies seen important in the contemporary business context. This, however, is accompanied by many risks and any organization has to determine such risks, and identify who loses and who gains in the undertaken risk. Envisioned Study3 The envisioned study is based on the same idea. For example, ifRead MoreTypes Of Contract Method For Construction Management1622 Words   |  7 Pagesseveral types of contract method and these methods generally fall under three categories: Fix price (FP) or lump sum (LS), guaranteed maximum price (GMP) and reimbursable contracts. These methods can be applied to any contracting for construction management. Lump sum contact, also called fixed price is when an owner engages an entity to perform a fixed scope of work for an agreed lump sum payment (Cmaa, 2012). Guaranteed Maximum Price (GMP) is a contractual arrangement between an owner and an entityRead MoreSupply Chain Risk Management Analysis1521 Words   |  7 PagesUta Jà ¼ttner, (2005),Supply chain risk management, The International Journal of Logistics Management, Vol. 16 Iss 1 pp. 120 - 141. Supply chain risk management is an intersection of supply chain management and risk management. For this we need to understand the benefits and as well as the limitations of both the concepts. Supply chain risk is about any threat of interruption in the order of workings of the supply chain. This Risk is generated as result of risk ‘drivers’ that are internal or externalRead MoreThe Effect Of Water Quality On Faecal Contamination1423 Words   |  6 Pagesassess the risk of water-related illnesses from faecal contamination to persons coming in contact with the river. It will also be a review of the causes of poor water quality in Barcombe Mills tributary, in order to be applied techniques to mitigate them. It is hypothesized that Barcombe Mills tributary is not safe for individuals to use it for recreation and they were at risk of water-related illness from faecal contamination. 1.2 Objectives: †¢ To review, and to report on relevant literature concerning

Expectation of Teacher Quality - 1299 Words

President Clinton stated, â€Å"Every child needs – and deserves – dedicated, outstanding teachers, who know their subject matter, are effectively trained, and know how to teach to high standards and to make learning come alive for students.† Teachers that are more effective in the long run have: an open classroom environment, strong knowledge base, know their students and are organized. These expectation should be reached by teachers who; incorporate different teaching styles, engaging activities, are consistent and meet standards but are also for the student. The problem is that all teachers do not meet every single expectation. Teacher quality is a complex phenomenon, which makes it difficult to measure. One thing is clear students deserve teachers that have criteria to be the best. Teacher quality isn’t relativity a new topic in education and with most of the information still current to the issue of teaching quality today. Back in 1995, the INTASC ( New Teacher Assessment Support Consortium) established ten principles that are the key to effective teaching. The principles state that teachers should be able to understand the subject matter as well as relate it to students, use teaching strategies that are responsive to different learners, use diverse instructional strategies, establish appropriate assessment tools to accurately measure student development, and engage in continual curriculum evaluation and professional development (Teacher Quality, 1999). Though, it wasShow MoreRelatedAcademic Subscale Of The Social Skills Rating System843 Words   |  4 Pages(2008) study revealed teachers and mothers’ expectations against youths standardized test scores had stability in teachers’ and mothers’ expectations over time, stability in youths’ academic achievement on standardized tests but not teachers’ ratings on school performance, and the effects of teachers’ educational expectations on m aternal expectations teachers’ school performance ratings but not the Woodcock-Johnson test.   This study also revealed that the adult’s expectations were influenced by howRead MorePublic Education System For Education1688 Words   |  7 PagesIt is every child’s right to have access to a public education system that will provide quality education for success in life. Yet far today far too many children, especially those from poor and minority families, are limited to at risk by school systems with a lower quality of education while students in a low poverty community receive a higher quality of education. It is frustrating that even when socio-economic statuses are rapidly merging and changing that an educational achievement gap stillRead MoreThe Retention Of High Quality Teachers1469 Words   |  6 Pagesincrease achievement and how schools will afford it. The retention of high quality teachers is an extremely important part of the student achievement pu zzle. Teacher retention includes not only keeping the teachers who are difficult or impossible to replace, but also weeding out the teachers who are no longer a good fit. This process of evaluation and incentives must work together to attract and keep the best possible teachers in our classrooms, allowing students to get the best possible educationRead MoreEssay On Indigenous Reserve High Schools1182 Words   |  5 Pagesthe land. The diesel leak released heavy odour of diesel fumes into the air resulting in an air quality crisis. Due to this crisis, the community had to close down its schools. This crisis had left the community without any permanent school for over 12 years. Despite the closure of the schools, temporary portables classrooms were developed beside the contaminated area where indigenous students and teachers can attend. Linda Goyette, coverage for the Canadian Geographic in 2010 recalls the temporaryRead MoreThe Institutions Of Classroom Dynamics944 Words   |  4 Pagesin educational settings reveal social differences in the American educational system. Within the American educational system, students and teachers alike are subject to both visible and invisible forms of inequality and difference. Within this system, concepts, such as the double bind, subordination of women, and androcentrism expose how both student/teacher dynamics and student/student dynamics define gendered boundaries. Moreover, these boundaries perpetuate a system of privilege men and masculinityRead MoreMost Important Qualities Of An Outstanding Educator756 Words   |  4 PagesImThe Most Important Qualities of an Outstanding Educator. The teacher of the year award and similar awards recognize outstanding educators. When I read articles about teachers of the year, I wonder about the qualities those individuals must possess in order to garner such a highly regarded honor. What makes these professionals stand out above all other educators? One might question the students to find out why a particular teacher was honored. Those students would say: â€Å"She made learning fun. EveryRead MoreStudent Relationship : Teacher And Student Relationships1283 Words   |  6 PagesTeacher/Student Relationships in Early Childhood Most children come into an early childhood classroom with relationships mostly limited to family members. They are typically shy and anxious about their first school experience. To be an effective teacher, one must build relationships with students. Wong, H. Wong, R. tell us that, â€Å"Student need role models. Students need heroes that can look up to-someone to connect with-and that someone can be a teacher† (2009, p. 68). According to StarkmanRead MoreThe Laws Of The Commonwealth1235 Words   |  5 PagesMany Historical events in the passed have played a role in how education came about and the need for teachers. For example, the Law of 1642 stating that â€Å"children knew the principles of religion and the capital laws of the commonwealth† has put in place the Law of 1647, also known as the Old Deluder Satan Act, due to parental neglect. (The Massachusetts Education Laws). Below is the Law of 1642: â€Å"It stated that parents and masters of those children who had been apprenticed to them were responsibleRead MoreElementary School Reflection890 Words   |  4 Pageshigh quality instruction for all students, immersing teachers in professional development opportunities, efficient, but flexible use of resources, shared decision making, and data driven decisions. The first three themes were conclusively referred to areas of student support instructional quality, while the last four themes were referred to as administrative and organizational features. According to the research, the three themes which related to student support and instructional quality, â€Å"addressRead MoreHigh Quality Education Is An Opportunity For Childhood Education920 Words   |  4 PagesHigh quality education is an opportunity that every child should be able to access. Numerous children have untapped potential that goes unexercised due to educational environments that are not conducive the utmost development of childhood education. In order to create a prosperous environment for childhood education we must first understand what makes high performing schools, learn how to create high performing schools and ultimately promote the motivation and fulfillment of childhood learning

Effects of Mass Media Free Essays

During the last century there have been many developments in the evolution of media. The biggest probably being computers and the internet. Computers used to be just giant, chunky, boxes with a screen, a keyboard, and a mouse. We will write a custom essay sample on Effects of Mass Media or any similar topic only for you Order Now They were slow as a snail and the graphics were not of the best quality. Now a days, we have slim and sleek screens that can be completely touch censored, and voice typing. As well as faster performance and processing, high-definition and high quality graphics. The internet has gone from a slow dial-up connection to now being wireless with extremely fast connections and now people can connect to the web from almost anywhere in the world thanks to Wi-fi, iPads, laptops, tablets and smart phones. Smart phones are the new and improved versions of the not so impressive cell phones from the past centuries. What used to be basic buttons and screen flip phones are now slim touch-screened phones. Today’s cell phones, or as they are now called smart phones, can take high quality photos and videos. They are also capable of downloading applications, or apps, that allow the user to play high graphic games, watch television and movies. As well as have face-to-face video chatting, text messaging and email. Now all of these changes have greatly influenced not only the American culture, but the entire world. The high speeds of the internet have made keeping in touch with friends and family simple and fast, thanks to text messaging and emails. Social networking sites, such as Facebook, Twitter, and MySpace, are a great way to stay in touch. These sites allow users to post status updates, upload albums worth of pictures and videos, as well as plan events and send out invites. An educational game used by children on computers, tablets and smart phones gives the chance to begin learning at a young age while having fun at the same time. The portability of these devices is great for on the go learning. Barcode scanners on smart phone weight loss apps, allow users to gain more information on food items and gives the opportunity to make healthier food choices when shopping for groceries. Fitness apps also help users keep track of workouts and set alarm reminders to workout, as well as view videos and tips on how to properly perform exercises. Online purchases make shopping a breeze, people can browse products online, add them to a virtual shopping cart and by just typing in their credit card information they have made their purchase. This ability creates an easier lifestyle for those that have issues with driving and walking. Media convergence, or a process by which previously distant technologies come to share tasks and resources, can be thanked for all these great changes. Basically what media convergence is is traditional media combining with emerging media. A good example of this would be the ability for cell phones to not only take high quality pictures and videos but the opportunity to share them online. Henry Jenkins a media theorist suggested that there are five different forms of media convergence. Economic convergence which is when one company uses many different forms of media, something such as a business using commercials, radio and online adds to sell their products. Secondly we have cultural convergence, or when news and information pass along through things such as social networking sites, blogs, television, and newspapers. This allows users to comment their own opinions and information. Global convergence involves geographically distant cultures that are able to influence each other. Technological convergence is the merging of different technologies, such as the cell phones new abilities that was discussed earlier. Lastly would be organic convergence, or multimedia multitasking, and the natural outcome of the media world. Due to today’s society being highly dependent on media as it is our main source of communication and other life necessities, the ability to process media messages, or media literacy, is a very important skill to obtain. From a very early age we are all exposed to media and being a media literate person allows one to chance to interpret these messages in their own way and form their own opinion in this media lead society. As you can see media is a wildly used resource all over the world and as it continues to advance and grow with each century, there is no way of knowing just how far things will go with the power of media and knowledge. How to cite Effects of Mass Media, Papers

Nigerian Legal System free essay sample

The settlements in due course, either by conquest or by other growth processes, metamorphosed into kingdoms, empires and principalities, which by accident of history and by numerous geographical handicaps II or fortunes (as the case might be), attained varying levels of political, social, cultural and economic development. Certain physical features influenced the occupational distribution of the early settlers, as well as their type of ancestral workshop. For example, northwards were savanna areas; the inhabitants were chiefly pastoral; they worshipped the god of the sky. Southwards were the forest belts; for the settlers who were mainly farmers, the object of their worship was the god of land. Still further southwards are the coastland areas; the settlers were mainly fishermen and they worshipped the goddess of the sea. With time, these groups interacted with considerable frequency and in consonance with some established and regular process. Indeed, the notion of settlement itself connotes a level of human organisation; and where there is an organization, there has to be a scheme of rules or laws and compulsion to enforce obedience if the group or society must survive and continue. We will write a custom essay sample on Nigerian Legal System or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Each of the ethnic- linguistic groups therefore had its own concept of law, judicial process and customary laws without which human society could not exist. These laws played a prominent role in the regulation of the affairs of members of the group. They varied with space, character and level of socio-economic development and challenges which faced the various settlements. As should be expected therefore, there were manifestation of different (and sometimes conflicting) ways and conditions as one moved from one place or age to another or one empire or kingdom to another and across the jurisdiction of different customary laws.