Operational risk management

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…

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…

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…

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,…

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…

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,…

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…

By: Lauren A., Jessica P., and Tori L. The following research paper involves what our group has learned about the competition, profit, risk, and evolution of two companies. The companies we researched are Sysco and U.S Foods. Both companies are in the food industry and they are each other’s biggest competitors. We have worked over the past week to gather as much information as possible involving these two companies. Competition U.S Foods is a very similar business to Sysco, both being food…

Once Nationwide has identified major risk and degree of exposure to this risk, various strategies are employed to deal with these risks. One of these strategies is comparative advantage in risk bearing. This is a strategy that suggests that a company should make decision on which risk to take and which risk to avoid, based on the comparative advantages of the organization. The organization must also assess the tradeoff between risks and returns. The amount of returns associated with a certain…

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…