Operational risk management

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  • Boatswain Mate Chief Case Study

    More often than not, this billet captures E7’s BMC’s who are lacking experienced in the ways of command. The majority of these members are also not seeking command roles. They might be on the sidelines for personal, professional, medical, or family reasons. Occasionally they are members who have a strong desire to remain in an administrative role and not operational. They have very little understanding of the challenges that face small boat units i.e. administrative, financial, and operational. The professional experience of a vast majority of these BMC’s that assume these billets are also not previous command cadre. It is an important competency because the command experience ensures knowledge of what is operationally acceptable, things that don’t fit in the black and white of and inspections report. For example, a unit’s record in Training Management Tool (TMT) indicates that all unit Tactical Coxswains did not begin their tactical training as crewman. Now at the time there was no guidance from Boat Forces so the unit followed normal procedures. The RFO team leader not having an understanding of the overall problem stuck to his inspection sheet. The end result was the unit’s tactical coxswain’s being considered unqualified to run drills for the RFO. Another more recent example was the unit’s decision to downgrade an asset due to a damaged…

    Words: 1371 - Pages: 6
  • Brvspa Case Analysis

    evaluate the choices of whether not to enter an international market. Strength − The efficiencies from the merger would potentially lead to lower domestic prices. − BRF dominates the market share in Brazil (60%-80%) over several processed food categories with its operational excellence (98% population reached by distribution, Information System Development), brand/marketing management (BOVESPA has rose 9.8% due to the strength of the two brands even after CADE’s ordeal). While they currently…

    Words: 960 - Pages: 4
  • USEASTCOM Joint Planning Group Case Study

    completed course of action (COA) development for the Defense of Tunisia contingency plan (CONPLAN). As the JPG prepared the COAs, the commander’s initial intent served to anchor the different concepts towards achieving the same purpose. I support the JPG’s initial commander’s intent, as it provides a solid basis to continue planning. This paper continues by explaining how the JPG developed the initial commander’s intent, and then provides the rationale for supporting the key elements within the…

    Words: 765 - Pages: 4
  • Bp Risk Management Failure Case Study

    Risk Management: BP’s Failure Most risks in organizations lead to financial loss or gains depending on how well organizations identify risks and reduce as many risks as possible. Not managing possible risks within an organization effectively can result in consequences or possibly worse. Therefore, managing risks within an organization should be vital for the organizations to be successful and should not be overlooked. Operational risk arises from three key areas of an organization: people,…

    Words: 819 - Pages: 4
  • CSU-Global Risk Management Case Study: Colorado State University

    CSU-Global Risk Management Process Risk is an unavoidable element, that impacts businesses, industries and individuals regularly. While risk exposure is not preventable, it is manageable through the implementation of a structured risk management process. The traditional risk management process is comprised of six steps, the identification of loss exposure, analyzing loss exposure, examining the feasibility of the risk management technique chosen, selecting the best risk management technique,…

    Words: 1406 - Pages: 6
  • Bank Of America Management Style Analysis

    and Management Style: The way Bank of America present its own culture will influence the performance results of the management team implementation of the organization control system, management style is probably the most important and will have the biggest impact on the management control system depending on how the management team is perceived in the entire organization, from the CEO down to the lower layer of supervisors. Informal Organization: Management needs to recognize the importance of…

    Words: 1111 - Pages: 5
  • Risk Mitigation

    Risk is an integral component of life. Every action and every inaction presents a new scope of risk in any view of all aspects of existence. This pervasive element is important to understand as much as possible. While risk cannot be eliminated it can be mitigated through prior planning that results in protective action. Risk assessment and mitigation are both steps in the larger discipline of risk management. The management of risk is an important activity in homeland security and a basic…

    Words: 818 - Pages: 4
  • Risk Management Career Essay

    Risk managers are working with any companies including hospital, school, institution and others to assess and identify the potential risks to the profitably or survival of the company. They advise organizations how the company is standing as reputation and making decision on operational. They identify potential causes of loss or perils including climates weather, implementing defensive and developing plans to minimize costs Risk managers are the following qualifications that require for a…

    Words: 838 - Pages: 4
  • Wobbly Wheels Company Case Study Summary

    In this case, the major problem under consideration and the areas prone torisks are the helpdesk personnel. The three projects available under the current portfolio and the six helpdesk personnel responsible for the support of the distribution terminals are highly overworked(Kerzner, 2006). This in turn leads to inefficiency. Carol should therefore incorporate risk management techniques to ensure vulnerable areas are highly secured and correct corrective measures re put in place. Risk avoidance…

    Words: 1090 - Pages: 4
  • Kroger's Risk Analysis

    The first task in the Risk Management Process is risk identification, which must be accomplished to determine what if any risk levels exist and the controls needed to mitigate potential damages (Fraser & Simkins, 2010). Risk Identification can be achieved using several tools or application checklists to identify and describe exposures, which are: Risk Analysis Questionnaire, Financial Statement Method, Flowchart Method, On-site Inspections, and Environmental Scanning (Bethel, 2016).…

    Words: 1142 - Pages: 5
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