A true Enterprise Risk Management strategy is top priority for the leadership of the organization. In fact, failure to complete thorough risk assessment could put the organization in a state of emergency should the process be ignored or mismanaged (Fraser & Simkins, 2010). Ultimately, taking risk without weighing losses results in increased liability (Bethel, 2016). Thus, components of risk management include identifying the hazard, measuring the loss, and treating or responding to the event (Bethel, 2016). In the last exercise, we discussed internal and external considerations of the organization and the impact these risks have moving forward. In an effort to offset identified considerations, it is imperative a strategic risk assessment be conducted to determine the relevancy of each consideration. A strategic risk assessment consists of: conducting a risk assessment of plans; identifying critical risk scenarios; identifying countermeasures or solutions to the scenarios; and establishing a system to monitor the risk profile of the organization (Fraser & Simkins, 2010). Ultimately, the organization is reviewing and estimating the probability of risk within their organization. Internal considerations are risks that are controllable and should be eliminated or avoided, such as:. unauthorized, illegal, unethical, incorrect, or inappropriate actions committed by the leadership or employees (Kaplan & Mikes, 2012). Types of controllable internal risks within Rutherford…
At first, I wasn’t sure what to write about how to incorporate Drucker’s teachings in the reading to a post. Part of the reason is most of the examples Drucker gave were that of the military, which is where most of my professional experience is. Because of that it was difficult for me to find ways to expand upon or update; even though the military does use new technology, we still learn things written in Von Steuben’s blue book from Valley Forge that taught the young colonial infantry how to…
services. Wayne County Roads Division has to conserve 1,440 roadways and 462 miles of freeways and trunk lines. Under the division's jurisdiction, its main objective is to help protect and sustain all local roadways. It's also responsible for performing daily maintenance on all primary roads such as Ford Rd, Telegraph, and Michigan Avenue. On the other hand, the State and not the County, is responsible for the construction and fixing of these roads. Furthermore, Wayne County is responsible…
For the purpose of this assignment, I chose Blue Valley Multi Service Center which is located here in Overland Park, KS. Overland Park is about 40 minutes southwest of Downtown Kansas City. It is part of Johnson County which is a fairly large county. The county itself is drastically different from the KC Metro area because it is known to be a very affluent area, especially the south half of Johnson county. Overland Park itself is one of the highest priced living areas. I chose this location…
Tremco, a commercial sealant and waterproofing company, was contacted on 7/27/17 for information regarding the issues observed. The sales representative, Liz Bailey, stated that the issues observed with the existing traffic system are consistent with urethane based traffic coatings. These traffic coatings are inexpensive to apply, but only have about a 5 year life expectancy. This can be further reduced in high traffic, high temperature, and high UV areas. Tremco recommended the use of a…
Facility/Enterprise Description: This Risk Management Plan is being developed for the Mill Creek Campground. Located in Northern Michigan, the campground sits on just over two hundred acres of land. Its northern and eastern border is Lake Huron. There are three main areas of the campground- Office, Store, and Outside. The Office contains nine phones and seven windows. Anyone interested in camping at the park is served by the office. Office employees work the windows and phones daily from May…
closely with Texas A & M University to keep and maintain the ranches thriving. They recently participated in The Texas Livestock Early Warning System. The participation in this system helped get the data that will now impact how other ranching areas in the state operate in times of drought and population reduction. Irion county has a few notable historical sites and historic event that occurred at each of them. In 1858 Camp Charlotte was created as a military camp and frontier post. It…
the students with different learning tools and stimuli in an area that does not feel overcrowded or cluttered. Children should be provided with an environment that is not over crowded with too many students and not enough resources- something that can be difficult in certain school systems. Overall the indoor environment for learning is one of the most important aspects of a child’s educational experience. The class observed in this paper was located in Elon Elementary School. It was a class for…
Dziadzio, Smith, Chandler, and Castleberry (2016) did a research on how the location of the gopher nest could affect its survival. They found that nests that were away from the burrow in sandy areas survived more than the ones in burrow aprons. They also learned that the nests that were in places that burned up during the research had a very low survival (Dziadzio et al., 2016). Many research studies are being done to find ways to change the environment to help prevent the extinction of the…
Job Notes: On May 23, 2017 I went to 6805 Club Ridge #222 because of a compliant of the air unit not working. Ms. Catherine Jones is the tenant at this unit. She complained that I was late for my appointment (10 min.) that we made and the air unit was not working property. My investigation showed that the unit was working, but the environment/ temperature in the apartment was warm. It appeared that the air unit was not cooling property considering the reading of my device was showing 76 & 77…