Nobody downloaded yet

Risk Management Program - Assignment Example

Comments (0) Cite this document
Summary
Risk management program Name College Course Date; Managing system change is a process of evaluating, planning, and implementing operations and strategies and ensuring that the change is worthy and relevant to the organization. Managing a system change is normally a complex process which involves a combination of both technology and people oriented solutions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER96.9% of users find it useful
Risk Management Program
Read TextPreview

Extract of sample "Risk Management Program"

Download file to see previous pages Before starting to implement change as a manager, I should ask myself the following questions, what need to be achieved through this change, how will I know that the process has been attained, who will be affected by this process and when change occur how will they react. To proactively manage system change, the following principles should be applied; developing a plane, supporting it, regular communication with the affected people, and involving the main people. The first step should be to involve the key people. This involves top management and other executives whose employees might be affected. The second step is developing a plan that will oversee effective transformation. The plan will define the roles of the main people involved at the same time putting down the short and long term objectives required for changes. This plan should also be flexible to accommodate any occurrence since change is unpredictable. The third step is supporting the plan. The main purpose of this step is to enable employees adapt the changes made; this is because the new structures might require training or hiring other employees. The last step occurs through the process. This involves free communication with the employees frequently about what is happening, why the occurrence is being carried out and how they are developing is significant. Since change can instill fear on the employees, increased communication will be used to remove the fear and encourage their consistent support. As a manager, I should be always around to take suggestion or respond to questions that might arise from the employees. Coming up with employees opportunities to provide they suggestions like holding meetings will facilitate change better. Plans, policies and procedures in an organization ensure that duties and services are carried out in a consistent manner. To create a risk management policy, there are some guidelines that need to be followed; these include the purpose of the policy, how it will be implemented, it should be in compliant with the federal, provincial and municipal regulations, and should be documented in writing. In creating a procedure, step by step instructions are created on how to carry out the significant task. Also the supervisor should be contacted if the employee wants to go beyond the given task. Transparency in an organization is important since it ensures efficient running of an organization. To have a transparent organization, as a manager, I should close the perception gap between the senior leaders and lower managers. I should also put in place a mechanism that ensures that there is proper communication between different parties to ensure that vital issues are communicated. And as manager, incase I encounter disappointing things; I should treat employees as adults with respect. A risk management plan is a document that is created and it outline how the risk management process will be organized, the phases it will have, the way it will be carried out and those who will be involved. The following steps are followed in designing a risk plan; one is making a list of potential risks. Everything should be documented include the small things. All the categories of the project should be listed and every risk should be evaluated. For example if it is a cost category, the factors that may raise the cost should be determined and listed. The second is ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Risk Management Program Assignment Example | Topics and Well Written Essays - 750 words”, n.d.)
Risk Management Program Assignment Example | Topics and Well Written Essays - 750 words. Retrieved from https://studentshare.org/business/1449351-week
(Risk Management Program Assignment Example | Topics and Well Written Essays - 750 Words)
Risk Management Program Assignment Example | Topics and Well Written Essays - 750 Words. https://studentshare.org/business/1449351-week.
“Risk Management Program Assignment Example | Topics and Well Written Essays - 750 Words”, n.d. https://studentshare.org/business/1449351-week.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Risk Management Program

Program Management

..., it was not looked into and the same leadership pushing for changes in the legacy equipment did not authorize the budget to do so. This kind of inconsistencies should be identified as risks and pointed out in the risk management plan right from the start of the project. Conclusion Game Changer Program of Projects was established with the objective of upholding advanced viewpoint by adjusting and improving technological infrastructure. The team carrying out the program comprises of with business background that picks up ideas from different companies, improves them and converts them into international projects. The participants include two project leaders...
5 Pages(1250 words)Essay

The S'No Risk Program (Management Decision Models) 1

...?The S’No Risk Program Contents Contents 2 Answers 3 References 9 Bibliography 10 Answers In June 1984, the director of marketing for consumer products, Dick Pollick reacted to the analysis made by Programs Manager Susan Erdahl. According to the given case, Susan analyzed that American Home Assurance Company was looking to a hike in premium from current 2.1% of annual sales revenue to 8% of sales for the consequent year. The analysis report also included research on other insurance companies and revealed that the rates of Lloyd’s (London) also ranged between 6% and 10%. From the given case it can be said that the primary reason for the insurance companies to raise rates...
4 Pages(1000 words)Assignment

The S'No Risk Program (Management Decision Models) 2

...? THE S’NO RISK PROGRAM Table of Contents Table of Contents 2 Answer 3 Answer 2 4 Answer 3 6 Answer 4 10 Answer 6 11 References 12 Bibliography 13 Answer 1 The case deals with a situation when in 1984 the marketing Director for consumer products, Dick Pollick reacted to the investigation done by Programs Manager Susan Erdahl. Susan evaluated that American Home Assurance Company was planning a hike in premium from the recent 2.1% of the annual sales proceeds to 8% of the sales for the subsequent year. The investigation details also included study on other insurance companies of the market and the study expose that the charge of Lloyd’s (London) ranged between 6% and 10%....
4 Pages(1000 words)Assignment

Risk and Risk Management

...; and banks have integrated country risk assessment into their daily operations and use it as a tool for tasks such as strategic planning, marketing, and evaluation of the performance of their international portfolios. Therefore, a more appropriate term would be country risk management, a practice of which country risk assessment is but one element. LITERATURE REVIEW Defining country risk Country risk, for the international banker, is the potential for a loss of the assets a bank has loaned across borders in a foreign currency. A loss could be caused by a multitude of factors that renders a borrower unable to service or repay the loan...
20 Pages(5000 words)Essay

Business Continuity Planning - Program Initiation, Risk Management (Risk Evaluation) & Incident Management

.... 1.0 Program Initiation NBC’s priority is to satisfy its stakeholders through an enhanced system of governance and risk management. To guarantee that their products and services will be available during disruptive events/ hazards, NBC provides this Business Continuity Planning Policy. This policy will enable the company to continue its banking operations and help in reducing losses in the midst of crisis. For instance, NBC has risk management policies, which are proposed, implemented, and reviewed by the Risk Management Group. These policies are approved by the Global Risk Committee under the authority...
4 Pages(1000 words)Research Paper

Risk Management / Organisational Risk

...to engage adequate security personnel within the stores in order to protect inventories from external elements. In accordance with the security concerning initiatives taken by 7-Eleven, it has been observed that the organisation has introduced ‘Cops in Shop’ program which intends to prevent purchase of alcohol related products by the minor segment of customers (7-Eleven Inc., 2009). Information Risks The organisation manages its different retail units and their operations from the corporate office of 7-Eleven located in Oklahoma City. The global units of convenience retail stores are also connected and they comply with the decisions made by the corporate office of the units. Moreover,...
13 Pages(3250 words)Research Paper

Program Management

...Program Management Summary- Chapter 2 Chapter Various definitions about the word “program” have been formulated in the past. However, Michel Thiry defines program as “a collection of change actions (projects and operational activities) intentionally grouped together to obtain benefits.” This definition identifies that various projects are components of a particular program, which once coordinated, deliver benefits; either strategic or tactical. Program Management is the key to achieve these stated-strategic benefits as it helps to align and coordinate the projects within a program in such a way so as to...
2 Pages(500 words)Book Report/Review

Program management

... Project Management Office (PMO) The article harnessed for the completion of this study is “Why you need a Project Management office”, which explains the needs of the formation of an office of a project manager in a company. The benefits of a project management office to an organization according to the article include aiding in structuring and standardizing project management practices and facilitation of project portfolio management (Santosus, 2013). PMO enables the completion of projects on time, within budget, and meet the specifications using limited resources in the organization. PMO also aids in the improvement of the project success rates in an organization due to the incorporation of skills and expertise in the management... PMO,...
1 Pages(250 words)Article

Risk Management Program

...sought to work with the supply chain in order to show the lean value as an integral component for improved, sustained performance in business, in which workers are enabled and engaged in driving the business success. 3. NIKE Risk Management Program Nike company has a comprehensive program for its management that captures the approach by which the organization manages its risks. The program articulates the approach employed by Nike in risk management with its goal of transferring, reducing and avoiding the risks where possible. Nike upholds the notion...
8 Pages(2000 words)Research Paper

Elements of a risk management program

...Risk Management Program Risk Management Program In the healthcare organization context, RiskManagement Program entails reviewing of areas of potential or actual risk sources as well as liability related to staff, patients, property, patient and visitors. Contemporary healthcare risk management did not start to emerge until the occurrence of crisis of malpractice in mid-1970s; when healthcare centers experienced rapid increases in subsequently premiums and insurance, claims costs and exits of medical professionals. It is from this crisis that healthcare organizations...
4 Pages(1000 words)Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Assignment on topic Risk Management Program for FREE!

Contact Us