Operational risk

with an aircraft from its first inception, until its last flight, are in fact a team. They have an obligation to the airline company, the government, and most of all, to the passengers flying in these aircraft to reduce the risk of damage or death due to an aircraft accident. Risk can never be considered zero, especially in a hazardous occupation such as aviation. CRM can however, when properly utilized, considerably lower the odds of an accident occurring, and raise the odds of survival when…

liquidity risk since they cannot be easily converted to cash at a time of need. Liquidity risk may lower the value of certain assets or businesses due to the increased potential of capital loss. Therefore, high liquidity risk could cause TCL suffer huge lose. Operational risk. Operational risk summarizes the risks a company undertakes when it attempts to operate within a given field or industry. Operational risk is the risk not inherent in financial, systematic or market-wide risk. It is the…

Risk assessment of cement industry Risk: Risk is the possibility of gaining or losing something of value. Risk Assessment: An organized process of assessing the possible risks that may be involved in an expected activity or job Why is risk assessment important? Risk assessment is very important as it play vital role in an occupational health and safety management plan. It helps to: • Generate attentiveness of hazards and risk. • Identify who may be at risk (e.g., workers, sweepers, outside…

Coordinated emergency response depends on teamwork, planning for response should involve the emergency team. Research should be supplemented by interviews with officials of the response organization. They may have information and insights that the planning coordinator may lack, as well as ideas that can bring creative solutions to problems. Key officials also determine what staff will be made available for planning meetings and what priority emergency planning issues will have in a days…

The National Preparedness System consist of six components: identifying and assessing risk, estimating capability requirements, building and sustaining capabilities, planning to deliver capabilities, validating capabilities, and reviewing and updating (“National preparedness system”, n.d.). Identifying and Assessing Risk is the initial step in the National Preparedness System using both current and historical data on missions, threats, terrain and weather…

Risk Management: Risk Management is a methodology for distinguishing, evaluating, and prioritizing risk of various types. When the risks are distinguished, the risk manager will make a plan to minimize or wipe out the effect of negative occasions. An assortment of techniques is accessible, contingent upon the sort of risk and the kind of business. There are various risk management guidelines, including those created by the Project Management Institute, the International Organization for…

4. Risk Management Challenges in a Telco environment 4.1. Background Today, mobile phone, cable TV operators and Internet service providers have the tendency to disappear as independent/individual service providers. The market tendency is to provide all services in a single service to prime clients. Major market players are consolidating their services by expanding already existing areas, by creating new areas from ground up or by acquisition of already existing companies that bring technology…

the dominant concept requiring ground forces’ presence to restore order and to prevent nuclear weapons proliferation. Moreover, entry delays due to lack of ground forces would be expected.” Further ground forces’ reductions introduce unacceptable risk.…

innovation. Strategic guidance provided by the 2014 QDR, 2015 NMS and CCJO highlight current and future security environments, requirements to reshape current capabilities for Joint Force 2025 by service, with advantages and disadvantages and associated risks. The future security environment increases in complexity and uncertainty with the rise of state and non-state…

control of the rail system which is responsible, mainly by setting arrangements in their projects in order to:  meet the safety requirements applicable to the railway system in its set,  identify specific risks related to their business,  identify and manage potential future and local risks. Good management of such projects should consist of consistent arrangements, adoption of ad hoc policies, structured implementation processes and operations and the allocation of responsibilities…