Operational Management of Risk

College
Essay
Miscellaneous
Pages 4 (1004 words)
Download 0
This paper presented on the basis of case study on East Coast Aviation Service Company situated in wales, The main focus of the study is to work out the specific queries on risk identification techniques, risk analysis & risk treatment approaches. Risk management is very important for a every organization aiming for serious long term business & implementation of all the necessary processes, development & maintenance of KPIs & PIs are important to align all hierarchical organization that helps in reducing complexities in the work flow, conflicts in the roles & responsibilities, provides ease in performance analysis & gives accurate results on implementation of all the treatments figured out du…

Introduction


Any project is required to be managed through a well structured hierarchy & reporting results to work out problems in processes & project performance tracking to categorizing them in problems & solution sets for in all cases that would be easy for review & changes too in later time for implementation of new plans & strategies. Following is a stake holder hierarchy that I think will work in automating the processes.
A project manager lead (at least 15+ years of experience in project management) responsible for management of all the undergoing project's solutions, & performance tracking to help technical member/engineers to concentrate more on technical side development, instead of increasing their over heads of managing all of the things that will not work for sure. ...
Download paper
Not exactly what you need?

Related papers

Operational Risk management
For chemical agents, hazard is distinct by biologic activity possible - cell obliteration, change or metabolic interference (Teneyuca, D, 2001, pp. 54-59). Exposure is the quantity of the substance available for uptake into the life form. For a physical agent, the danger is defined by the scale of the agent's aptitude to release or broadcast energy to the life form. Exposure is the incidence to…
Project Management Risk Management .
It is further argued that the project managers ignore the issues like risk management associated with the projects because they want them to kick start the process as soon as possible ignoring the issues of great importance which can have the powers to seriously hamper the progress of any project.…
Analysing operational risk failure of Barings bank
At the heart of the devastating scam was a person with a huge appetite for risk-taking but hardly any accountability towards the bank, Nick Leeson. Overnight, the unscrupulous futures' trader from London who was previously the poster boy for Barings' high-growth earnings from Singapore's premium monetary exchange, SIMEX (In 1993, he documented nearly 10% of the bank's profits in futures' trading),…
Operational Risk
(Dictionary of Accounting, 1999).…
Operational Management of Risk
Any project is required to be managed through a well structured hierarchy & reporting results to work out problems in processes & project performance tracking to categorizing them in problems & solution sets for in all cases that would be easy for review & changes too in later time for implementation of new plans & strategies. Following is a stake holder hierarchy that I think will work in…
Corporate Risk Management
Unfortunately such high degree of risks can bring negative impact on the profitability as well as to the future success of the organizations. So to protect from such bad consequences it is essential for such organization as soon as possible to find an appropriate solution so that they could handle or manage risks in better way which in otherwise could bring catastrophe to them. So a desirable…
Risk Management in Logistics
Kathleen DesMarteau (2005) recognizes the following key points as being a component of the risks and logistics management, which function as internal and external risks:…