Risk management is everyone's responsibility. What does this mean? Support the information that is presented. Include citations and references and provide examples and your reactions. What does responsibility involve? Why does it matter?
Answer this question in a narrative format that is 1200 words or more.© BrainMass Inc. brainmass.com October 25, 2018, 9:55 am ad1c9bdddf
Risk management is everyone's responsibility; what does this mean? Support the information that is presented. Include citations and references; provide examples and your reactions. What does responsibility involve? Why does it matter?
Risk Management represents the process within an organization that consists of identification of risk factors, analysis of these factors as well as the development of appropriate responses to these risk factors throughout the duration of a project with management being conducted to ensure that the best interests of the organization and its objectives are met with the least amount of risks occurring due to proper risk management that attempts to control possible future events through proactive actions capable of limited risks to the organization.
An example would entail a organization that needs new technology incorporated within a timeframe of six months, but technical employees within the organization have hypothesized that it will take 9 months to incorporate this new technology. A project manager in this situation should establish a contingency plan that can accommodate the 3 additional months if necessary to wherein solutions to potential risks and problems that may inhibit the project before the six months due date.
Risk Management Systems involve the entire organization and the system must quantify risks as well as attempt to determine the impact they will have on the organization while ascertaining what risks are acceptable and those that are unacceptable to the success of the project. This process is continuous and requires disciplined employees that are well-trained and ...
This solution discusses effective risk management.
Business continuity management
Review the e-text and other readings, and pick out five terms or concepts. At least one term must be included from each week's learning (You will need to look ahead for your term from Week 5). "Terms" can be either general or specific.
Write an essay where you define and explain these five terms and apply them to a critique of management in either a past or present workplace or life experience. Focus should be placed on how to improve the management in your company or life, using what you've learned. For example, you might choose "employee buy-in to the BCP" as a concept. Then, you could write about how your organization's decision-making methods could be improved based on research, text, lecture, etc. material on this topic.
The Final Exam is to be
· in APA format (If you were weak in this, by now you should be much better because you've taken advantage of your teammates' knowledge),
· in MS Word with a title page,
· an Executive Summary,
· an introductory paragraph,
· a discussion portion with graphics and/or charts (If you didn't know how to do this, by now you should have learned from a team member),
· a conclusion paragraph,
· and a reference page with at least four references (minimum of three references must come from the articles in the UOP Library).
A few terms talked about in Business Continuity Management
Week 1 - Ethical and cultural considerations
Week 2 - Communication and teamwork
Week 3 - Business continuity or crisis management
Week 4 - Risk Analysis or Training employees for Disasters
Week 5 - Disaster preparedness or exposure to disasters: