Health Care Providers Essay Example for Free

Medicinal services Providers Essay Medicinal services Providers Respiratory advisors care for individuals of any age with confined breathing issues, for example, emphysema, constant deterred aspiratory illness and asthma. Respiratory specialists may work in medical clinics, long haul care offices, physicians’ workplaces, and home wellbeing administrations. Respiratory advisors must have an associate’s degree, albeit most have a both a partners and bachelor’s certificate from an authorize school. They are authorized in all states with the exception of Alaska (Bureau of Labor Statistics 2012). Licensure requires passing a state affirmation or expert assessment. Respiratory specialists show patients how to utilize inhalers and vaporized machines. They give directing on smoking suspension. Additionally set-up, associates, and screens ventilators for patients that can't inhale all alone. Respiratory specialists additionally perform chest physiotherapy on cystic fibrosis patients to expel bodily fluid from their lungs to make it simpler for them to relax. They likewise perform indicative testing, for example, Pulmonary Function Testing and Methocholine Challenge Testing. The Pulmonary Function Tests gives doctors data on the patient’s lung limit and breathing capacity to help them in recommending the proper prescription. The Methocholine Challenge Test decides whether the patient has reversible asthma infection. The Respiratory specialist likewise plays out a test called polysomnogram, a test to decide whether an individual has rest apnea (breathing stops during rest). The yearly middle compensation for Respiratory advisors as of May 2010 is $54, 280 (Bureau of Labor Statistics 2012). Work of Respiratory advisors is relied upon to become 28% from 2010 to 20120 (Bureau of Labor Statistics 2012) in view of the ascent in the in the quantity of old with expanded occurrence of emphysema, constant bronchitis, pneumonia and other respiratory infections that limit lung capacity or cause changeless harm. Likewise influencing the expansion in the requirement for respiratory specialists is the proceeded with utilization of all types of smoking, air contamination and respiratory crises. A podiatrist is ordinarily known as a foot specialist, yet is actually a specialist of podiatric medication (DPM). Podiatrists treat and analysis states of the feet, lower legs, and lower legs. Podiatrists must finish fo ur years of preparing in a podiatric clinical school, subsequent to gaining a bachelor’s certificate and three years of residency preparing in a medical clinic setting. Podiatrists must be authorized in each state. To become authorized they need to pay an expense and passâ a state test. Podiatrists can decide to spend significant time in different fields, for example, pediatrics, wound consideration, medical procedure, sports medication, or diabetic consideration. Podiatrists can procure board affirmation by taking a test after cutting edge preparing and clinical experience. The American Board of Podiatric Medicine and the American Board of Podiatric Surgery are the two confirming sheets. Podiatrists generally work in private workplaces either alone or with accomplices, emergency clinics, and long haul care. The middle yearly compensation for a podiatrist starting at 2010 was $118,030 every year (Bureau of Labor Statistics 2012). The activity standpoint for podiatrist glances generally excellent later on, mostly because of the predetermined number of podiatric clinical schools and the measure of more established podiatrists resigning. Instruction for chiropractors is one of the severe of today’s social insurance suppliers. The chiropractor utilizes spinal control to soothe the manifestations of low back agony, neck torment, and migraines. Chiropractors accept your body has a characteristic method of recuperating itself, the body’s structure, nerves, bones, muscles, and joints are all enter-related, and chiropractic treatment assists with ad justing your body and advance self-mending. At the point when an individual chooses to enter chiropractor school he should have just finished fours of pre-clinical undergrad instruction. When acknowledged into an authorize chiropractic school, four to five years of extraordinary expert investigation is standard. Because of the hands on way to deal with chiropractic medication the vast majority of the preparation is done in the clinical preparing. As a result of their broad preparing, chiropractors can analyze medical issues and allude patients to other medicinal services suppliers varying. Specialists of chiropractic are required to breeze through a national test to become state authorized before rehearsing all alone. Chiropractors work in an assortment of settings, medical clinics, private practices, and schools. The middle yearly pay for a chiropractor changes relying upon the area and setting, extending from $ 31,120 to $142, 000 (Bureau of Labor Statistics 2013). Agency of Labor Statistics, U.S. Branch of Labor, Occupational Outlook Handbook, 2012-13 Edition, Respiratory Therapists, on the Internet at http://www.bls.gov/ooh/human services/respiratorytherapists.htm http://www.apma.org/learn/content.cfm?ItemNumber=992navItemNumber=558 Agency of Labor Statistics, U.S. Branch of Labor, Occupational Outlook Handbook, 2012-13 Edition, Podiatrists, on the Internet at http://www.bls.gov/ooh/human services/podiatrists.htm http://www.acatoday.org/level3_css.cfm?T1ID=13T2ID=61T3ID=151 http://www.bls.gov/oes/current/oes291011.htm http://www.mayoclinic.com/wellbeing/chiropractic http://www.bls.gov/ooh/human services/respiratory-advisors

Argumentative Essay Theme Samples

Argumentative Essay Theme SamplesArgumentative essay theme samples can be a good resource for students in their writing efforts. They provide students with all the right writing resources and have examples of all types of argumentative essays. They also provide students with persuasive strategies, which are particularly useful when attempting to present a paper that persuades their readers.The purpose of an argumentative essay is to persuade the reader, not necessarily win a debate. As such, these types of essays are often the most difficult to write. Students who struggle with these types of essays are most likely struggling with using words and thoughts effectively. These are usually the students who struggle with this type of essay to begin with.Argumentative essay themes are written to make it easier for a student to use a certain style of words and thoughts to persuade their audience to accept their point of view. Argumentative essay theme samples are helpful because they offer a range of ways to present ideas and thoughts, as well as a number of persuasive strategies. The best argumentative essay theme samples have elements of an argument within them, while still remaining evocative.When writing a persuasive essay, the student should focus on the different arguments of their essay and use these arguments throughout the piece. They should be used throughout their paper as an aid to their argument. They should be utilized in the various sections of the essay to help add substance to their arguments.Often times, the way in which someone presents their arguments can determine whether they are convincing or not. It is common for some people to write an argument that is persuasive, but not well thought out. When writing persuasive essays, they must remember to not just sell their point of view, but to sell their arguments too. Using an argumentative essay theme is one way to get a strong sense of how to present a particular argument, without being written from a place of weakness.Argumentative essay theme samples are available at many places online. They also come in several different versions. The better one is, the more effective they will be for your overall writing project.Argumentative essay theme samples can be found in a variety of places online. They are found through many different sources, including newspapers, magazines, and websites. When one wants to purchase essay themes, the best source is usually the online reference site.They can also be purchased from several online sites, including places like Amazon. Online sources provide a range of different essay themes. They can be purchased in several different versions and prices, and usually have a range of different writers and different essay theme samples, in order to help the student find a style of essay they are interested in.

Economic Models as Analogies

Questions: 1.Economic models are bogus thus government ought to overlook their forecasts. Clarify, talk about and assess the exactness of this announcement? 2.Identify assessments of the value flexibility of interest for at any rate three distinctive products.Provide full references for the utilized writing? Answers: 1. Not every single Economic model are bogus. Not many models help the legislature in directing them towards accomplishment of objectives just as for encircling approaches. The cutting edge economy is mind boggling as the assets are rare which should be allotted carefully with the goal that it tends to be used appropriately. A financial model is a streamlined depiction of the real world, intended to yield speculations about monetary conduct that can be tried (Bnabou Tirole, 2016). The financial models are scientific portrayal of monetary hypotheses and are not founded on genuine information and figures. The legislature ought not thoroughly disregard the forecasts of monetary models as it helps in understanding the significant relationship. Nonetheless, the administration ought to likewise not aimlessly follow the models as it doesn't bolster the genuine information and figures. The gracefully and request model of financial matters helps in deciding the cost of an item in the market. It is utilized in clarifying the adjustments in costs of items, for example, change in cost of gold either because of increment sought after or fall in gracefully (Gilboa et al., 2014). Hardly any financial models additionally help in planning regularities that clarifies the auxiliary issues enduring in the economy and its effect on the changes. Monetary models additionally help the administration in deciding the duty rate in the economy. The forecasts of monetary models are professed to not be right by a portion of the financial analysts since it has no verification as science has (Hansen, 2014). In any case, in the event that the forecasts of monetary models are balanced with the truth, at that point it will helps in understanding the present and the future situation right. Financial models neglect to incorporate different ideas that are significant for government to consider. It regularly prohibits externalities, for example, contamination which can be unsafe for the earth. The monetary models neglect to incorporate the social cost which can be an acquiring for the legislature. On the off chance that the administration follows the model, at that point it will neglect to disguise the externalities. The models that depend on numerical conditions includes incredible measure of hazard that can be destructive (Saltelli Funtowicz, 2014). The financial models additionally offer various responses for various expectations. Thus, it tends to be inferred that couple of expectations of the financial models are bogus that the legislature ought not follow. Be that as it may, the monetary models additionally help the administration in encircling financial strategies, deciding costs of the products and deciding assessments. Government ought not follow the forecasts in discriminately without the help of the genuine information and figures. 2. Value versatility of interest is the responsiveness of the adjustment in all out interest of the item because of progress in the per unit cost of the item. It helps in estimating the flexibility of the item and is communicated in rate. The law of interest makes the value flexibility of interest to be negative consistently. In any case, the items that disregard the law of interest, for example, Veblen and Giffen merchandise have positive value flexibility of interest. The interest for an item can either be moderately versatile or generally inelastic An item have moderately inelastic interest is said to have value flexibility short of what one which implies that adjustment in the amount requested of an item isn't greatly influenced with an adjustment in value (Thimmapuram Kim, 2013). Instances of such items are essential items, for example, nourishment, and solid products, for example, furniture. An item have moderately flexible interest is said to have value versatility more promin ent than one which implies that adjustment in the amount requested of an item is influenced generally because of an adjustment in cost. Instances of such items are sumptuous merchandise, for example, gold, TV, cooler and some more. The equation to gauge value flexibility of interest is given as follows: E(p) = dQ/Q dP/P where, dQ is change in the amount and Q is the complete amount dP is the adjustment in the cost and P is the complete value (Rossell, 2015). Figure: chart of value versatility of interest (Source: made by creator) The value versatility for the three distinct items are given as follows: Petroleum: Petrol is a supplement of vehicle. Petroleum has exceptionally less substitutes. It is one of the essential items as vehicle has become need for individuals now days. The other options or substitutes of petroleum is going through train, transport or strolling. Henceforth, the value flexibility of interest of petroleum is said to be generally inelastic. It is so provided that the cost of petroleum rises then the interest isn't tremendously influenced and the other way around. Henceforth, the value versatility of interest of petroleum is in every case short of what one and it is additionally negative since it is a typical decent (Lin Prince, 2013). For instance, on the off chance that the cost of petroleum ascends by 30%, at that point the interest for petroleum will just diminish by 10%. In this way, the value flexibility of interest will be - 0.33% Figure: value versatility of interest of petroleum (Source: as made by creator) Porsche sports vehicle Car has numerous elective brands. In the event that the cost of Porsche sports vehicle builds, at that point the buyers will switch over to different brands, for example, Jaguar or Audi. Subsequently, the value flexibility of interest of Porsche vehicle is moderately versatile. This is so in light of the fact that even a little change in cost of vehicle will influence the interest by enormous sum (Rossell, 2015). For instance, as the cost of Porsche sports vehicle increments by 20% then the interest will fall by 80%. Consequently, the value flexibility of interest will be more prominent than one that is - 4.0 for this situation. Be that as it may, the value flexibility is negative on the grounds that Porsche sports vehicle is a typical decent. Figure: value versatility of interest of Porsche (Source: as made by creator) Salt-Salt is a need. The ascent in the cost of salt by huge sum won't have any impact on the interest for salt as it has no other options. Henceforth, the value versatility of interest of salt is splendidly inelastic where the estimation of flexibility will be equivalent to 0. The bend will be vertical as demonstrated as follows (Nonnenmacher, 2017). Figure: value versatility of interest of Salt (Source: as made by creator) References Bnabou, R., Tirole, J. (2016). Careful financial matters: The creation, utilization, and estimation of beliefs.The Journal of Economic Perspectives,30(3), 141-164. Gilboa, I., Postlewaite, A., Samuelson, L., Schmeidler, D. (2014). Financial models as analogies.The Economic Journal,124(578), F513-F533. Hansen, L. P. (2014). Nobel address: Uncertainty outside and inside monetary models.Journal of Political Economy,122(5), 945-987. Lin, C. Y. C., Prince, L. (2013). Gas value unpredictability and the flexibility of interest for gasoline.Energy Economics,38, 111-117. Nonnenmacher, T. (2017). Financial matters 100 01 Introductory Microeconomic. Rossell, J. (2015). Versatility, request and gracefully, the travel industry. Saltelli, A., Funtowicz, S. (2014). At the point when all models are wrong.Issues in Science and Technology,30(2), 79-85. Thimmapuram, P. R., Kim, J. (2013). Purchasers' value versatility of interest displaying with financial consequences for power markets utilizing an operator put together model.IEEE Transactions with respect to Smart Grid,4(1), 390-397.

Gmo Good Essay Examples

Gmo Good Essay ExamplesGmo Good Essay Examples can be a great help for any college student. They can help you create a well written paper. They are a great way to give your school essay ideas a makeover, and not have to copy/paste from the internet all over again.You don't have to worry about grammar and spelling mistakes, because they will be corrected for you by the experts at the GMO Good Essay Sample website. However, the problems that you may find in the grammar and spelling of your essay will still be in there. This is because grammar and spelling are the easiest things to fix, but how do you really change the essay without hurting your quality? This is where the good essay samples come in.These essays are helpful in providing you with perfect examples, and they work for you because they don't change your writing style. That means that you can stick to the rules, or guidelines that are provided to you, and use a more generic style of writing.Many times you'll find that using a more generic style is what people are looking for, because they want something easy to follow, and that's what you need to do, too. As for the grammar and spelling of your paper, you don't have to worry about them because they are getting their due, too. Grammar and spelling are the easy part.Now, let's take a look at some of the better essay samples on the web. This is going to include some of the best websites that I've found for helping you write an amazing essay. These essays are extremely valuable for a couple of reasons. First, because they are a great source of original ideas.Second, because it gives you an idea of how others have used them, and the ideas and thoughts that are provided to them. And finally, because you are likely to find a lot of resources for you to get that will give you a great idea of what they did.These are the best essay samples that you will find online, and they work like a charm. The last thing you want to do is to start re-writing something you alre ady know, and get it perfect for your school paper.

Risk Management both - Free Essay Example

Sample details Pages: 29 Words: 8690 Downloads: 8 Date added: 2017/06/26 Category Statistics Essay Did you like this example? Chapter 1 Introduction Overview Detailed study has been started to understand Risk Management both conceptually and as a process on its own comprising on several stages, tasks and responsibilities. A series of interviews has been performed with an Information System Support Analyst working within the IT industry in order to identify key aspects of Organisational Risk Management in a typical IT firm. It has been identified, by reading several online research journals and conducting interviews that Risk Management can be better understood either by studying different case studies or practically meeting key risk management individuals preferably working within the IT industry to seek knowledge on types of risks these individuals forecast and the measures identified to avoid the probability of their occurrence.. Don’t waste time! Our writers will create an original "Risk Management both" essay for you Create order Focus of this research has been maintained towards differentiating the application of Risk Management within small and large IT organisations using CRAMM as a methodology. Relevant risk management individuals are yet to be identified and approached for interviews and further analysis of the topic. Some evidence of the study to date is as follows: Overview of Risk Management Process An efficient and effective risk management strategy plays a vital role towards building an organisations Information Technology security. A major objective of a successful risk management process is not just safe guarding the organisations IT infrastructure but also the organisations ability to achieve its objectives. Hence risk management should not just be treated solely as an IT task but more of a strategic policy implementation that is later on based on strong computerised systems. It has been recognised by a number of experts and risk management organisations that risk management and analysis are although critically important for organisations, they can be unsustainable without effective IT tools and methodologies. Risk can be defined as the impact or effects of a weakness within a system, a department or an organisation. Risk is usually studied based on the calculations and estimations of its probability and the impact of occurrence. Organisational risks can be highly devastating for it to achieve its goals. Hence, organisations are always working towards strengthening their risk management strategies and measures so to avoid the impact and probability of its occurrence. An effective risk management policy usually comprises the following stages: Identification of Risks Risk Assessment Risk Analysis Potential Risk Treatments Risk Management Plan Execution of Plan Review and Evaluation of the Plan Keeping the key objectives of this research under consideration, the study is being performed towards understanding the development framework of a typical risk management software application which will be effective enough for assessing, analysing and mitigating risks which are expected to occur within IT organisations and systems. Importance of Risk Management in IT Organisation Effective Risk management is vital for every development and production based organisation. Ina typical IT organisation, development of various vital computer applications is always an ongoing process whereby new ideas are being computerised every day. This never ending development involves a wide variety of IT resources being involved. Even a smallest harm to such vital resources can result into huge costs or time delays to the company. Hence, for an IT organisation, irrespective or their size, it is essential to have an effectively designed, tested and reviewed risk management process so to avoid the worse consequences. Within an IT environment, there are risks involved in everything they do because of a heavy usage of high profile computer applications and hardware being used non-stop. In order to be sure that all the processes and systems are being used within the safety and risk proof standards, it is essential to have a continuous risk identification and analysis process. Risk management contributes to the following vital factors: Increased certainty Better service delivery Effective change management Efficient use of resources Better decision making Surety to invest in new Innovations Safer working environment In order to understand risk management in detail, it is essential to identify various risk management methodologies and frameworks currently applied in the market. Several risk management frameworks have been identified and studied to differentiate their applications and effects on risk occurrences and impacts. Risk Management Methodologies CRAMM It has been recognised by a number of experts and risk management organisations that risk management and analysis are although critically important for organisations, they can be unsustainable without effective tools, methodologies and frameworks. As expressed in the proposal, this research studies a market leading Risk Management methodology called CRAMM (CCTA Risk Analysis and Management Method). The idea of CRAMM came into reality in 1987 by CCTA (Central Computing and Telecommunications Agency) of the United Kingdom government and is one of the market leading risk management frameworks on today. CRAMM is a sophisticated methodology and is currently on its version 5.0 which comprises of a three staged risk management framework: Asset identification and valuation. Threat and vulnerability assessment. Countermeasure selection and recommendation. CRAMM is simply a framework that uses a specific format. This format includes the following key components: Interviews, meetings and surveys to gather data Divides IT assets into sub categories such as: data, software and physical assets Helps you realise the impact of the occurrence of a risk Identifies the likelihood of a threat to occur Research Justification An effective risk management strategy, when transferred into hardcoded software applications, provides assurance to the higher level executives of an organisation towards successfully achieving the following objectives: The smooth development and delivery of products. Time, cost and quality assurance of products to meet the standards. Analysing, assessing, controlling and managing the risks involved, with in time. The standards of operations in terms of effectiveness and efficiency. However, risk management process can be different based on the size of organisations. This research paper will also identify the difference of risk management implementations between large and small organisations. Project Aims and Objective A major aim of this research work is to focus on the fundamentals of risk management strategy and the implementation of risk management systems using CRAMM as a risk management methodology, with in small and large business organisations. Another key objective of investigating risk management is to understand how large and small organisations are currently safe guarding their key internal and external information assets stored on various IT platforms and avoid the high probability of risks that can hinder them achieving their objectives. This research will help gain a better idea of how organisations approach and accomplish their mission statements safe guarding their internal systems which are the hubs and stores for better information sharing. Another key objective of this research work is to study the stages involved in the designing and implementing an effective computerised risk management system in a generic business organisation. Initial study into risk management concludes the purpose of the process is to minimise the probability of high and low impact risks involved in implementing different IT systems which assist in smooth running of an organisation. Based on this study the research work will further provide a design and implementation of a risk management system keeping in mind the key components, features and objectives of such smart systems. The design will include the following key four components of a typical risk management system: Risk Analysis Risk Assessment Risk Control Risk Management Project Problem Areas Research has been fairly successful till now although time constraint is one of a concern as it took a considerable time for project proposal to be accepted. Due to this, the study has just started lately so it is slightly early to determine the problem areas however, while conducting research following aspect have been identified to be particularly challenging: The most challenging aspect of this research to date is one of the key objectives of understanding Risk Management from a practical point of view I.e. how risk management is performed within real IT organisations. To accomplish this it is vital to conduct several interview sessions with an individual working in an IT organisation preferably within the risk management environment. Another challenging task is to identify the application of CRAMM within the IT environment. Till now the research has only identified CRAMM within ITIL environment which is although relevant but very specialised. This will hinder the understanding and relevance of CRAMM as a leading methodology within IT industry. Based on the above factor, it will be difficult to identify the technical design and architecture of such a risk management application which is one of the major objectives of this research. The above factors are challenging yet interesting since every dissertation project brings along difficulties and challenges to accomplish. Above factors are difficult but not impossible to achieve. An effective risk management strategy, when transferred into hardcoded software applications, provides assurance to the higher level executives of an organisation towards successfully achieving the following objectives: The smooth development and delivery of products. Time, cost and quality assurance of products to meet the standards. Analysing, assessing, controlling and managing the risks involved, with in time. The standards of operations in terms of effectiveness and efficiency. However, risk management process can be different based on the size of organisations. This research paper will also identify the difference of risk management implementations between large and small organisations Literature Review Aims and Objective A major aim of this research work is to focus on the fundamentals of risk management strategy and the implementation of risk management systems using CRAMM as a risk management methodology, with in small and large business organisations. Another key objective of investigating risk management is to understand how large and small organisations are currently safe guarding their key internal and external information assets stored on various IT platforms and avoid the high probability of risks that can hinder them achieving their objectives. This research will help gain a better idea of how organisations approach and accomplish their mission statements safe guarding their internal systems which are the hubs and stores for better information sharing. Another key objective of this research work is to study the stages involved in the designing and implementing an effective computerised risk management system in a generic business organisation. Initial study into risk management concludes the purpose of the process is to minimise the probability of high and low impact risks involved in implementing different IT systems which assist in smooth running of an organisation. Based on this study the research work will further provide a design and implementation of a risk management system keeping in mind the key components, features and objectives of such smart systems. The design will include the following key four components of a typical risk management system: Risk Analysis Risk Assessment Risk Control Risk Management Problem Area In this competitive digital era where organisations depend on various types of database driven Information Systems to store internal and external information which is a key to their success, companies need strong risk management strategies and measures in order to protect their knowledge base and other important information assets. These assets together help organisation achieve their goals and objectives and are based on different IT platforms. Hence, effective risk management strategy establishes strong policies, controls and measures to safe guard these assets. Brewer, Dr. David agrees in March 2003 that an efficient and effective risk management strategy plays a vital role towards building an organisations Information Technology security. A major objective of a successful risk management process is not just safe guarding the organisations IT infrastructure but also the organisations ability to achieve its objectives. Hence risk management should not just be treated solely as an IT task but more of a strategic policy implementation that is later on based on strong computerised systems. (Brewer, Dr. David. (March 2003)) It has been recognised by a number of experts and risk management organisations that risk management and analysis are although critically important for organisations, they can be unsustainable without effective IT tools and methodologies. Risk Management Concept Brewer, Dr. David expresses about this competitive digital world in another article in 2002 by that organisations depend on various types of database driven Information Systems to store internal and external information which is a key to their success, companies also need strong risk management strategies and measures in order to protect their knowledge base and other important information assets. These assets together help organisation achieve their goals and objectives and are based on different IT platforms. Hence, effective risk management strategy establishes strong policies, controls and measures to safe guard these assets. (Brewer, Dr. David. (March 2003)) While discussing risks involved in Ecommerce, Changduk, J., Han, I., Bomil debates in 2000 that risk can be defined as the impact or effects of a weakness within a system, a department or an organisation. Risk is usually studied based on the calculations and estimations of its probability and the impact of occurrence. Organisational risks can be highly devastating for it to achieve its goals. Hence, organisations are always working towards strengthening their risk management strategies and measures so to avoid the impact and probability of its occurrence. An effective risk management policy usually comprises the following stages: Identification of Risks Risk Assessment Risk Analysis Potential Risk Treatments Risk Management Plan Execution of Plan Review and Evaluation of the Plan Keeping the key objectives of this research under consideration, the study is being performed towards understanding the development framework of a typical risk management software application which will be effective enough for assessing, analysing and mitigating risks which are expected to occur within IT organisations and systems. (Changduk, J., Han, I., Bomil (2000)) Risk Management in Information Technology Industry As per several interview sessions with Mr Dilawer Khan of Cerillion technologies Ltd, London, Effective Risk management is vital for every development and production based organisation. In a typical Information Technology organisation, development of various vital computer applications is always an ongoing process whereby new ideas are being computerised every day. This never ending development involves a wide variety of IT resources being involved. Even a smallest harm to such vital resources can result into huge costs or time delays to the company. Hence, for an IT organisation, irrespective or their size, it is essential to have an effectively designed, tested and reviewed risk management process so to avoid the worse consequences. Within an IT environment, Mr Khan claims, there are risks involved in everything they do because of a heavy usage of high profile computer applications and hardware being used non-stop. In order to be sure that all the processes and systems are being used within the safety and risk proof standards, it is essential to have a continuous risk identification and analysis process. According to Mr Khan, risk management contributes to the following vital factors: Increased certainty Better service delivery Effective change management Efficient use of resources Better decision making Surety to invest in new Innovations Safer working environment (Information gathered during an interview with Mr Khan: Cerillion Technologies Ltd, London 21/11/2009) In order to understand risk management in detail, it is essential to identify various risk management methodologies and frameworks currently applied in the market. Several risk management frameworks have been identified and studied to differentiate their applications and effects on risk occurrences and impacts. Risk Management in SMEs and Large Businesses With the drastic growth in advertising and marketing over the internet, organisations, be at large multinational setups or SMEs; have invested considerable revenue into making themselves pronounced globally over the growing world wide web. Organisations have not just invested in advertising over the internet but also the way businesses used to share or spread confidential information has changed drastically due to more and more advancements in the ease of communication channels provided by the internet. Now days, businesses communicate globally over various internet interconnected networks by converting information into several formats such as digital and other web based storage and sharing medium, and allow others to share over the widely interconnected network. As companies and businesses are becoming paper free and performing web based transactions, more and more viruses, malware, spam, phishing and other online criminal activities have started to become evident. These intangible criminal activities have, on several occasions, resulted in businesses losing huge chunks of investments and have affected the level of trust users gained on business over the internet. These threats have also increased the requirement for investments in securing business assets by protecting the Technical resources of the company and implementing strong IT controls and protocols to keep information protected. An interesting article called An Open Framework for Risk Management by Craft, R., Wyss, G., Vandewart, R., Funkhouser, D in 2000 debates that with the progress in communication and information sharing platforms, online collaboration has become a major part of every organisations daily tasks. What was gathered from interviewing Mr Khan was relevant to this journal whereby he expresses this collaboration is important for companies yet carry a threat of information security. Organisations need to ensure that any medium that is being used for internal or external collaboration has been fully protected. Organisations tend to invest towards information security depending on their financial limitations. Hence, the biggest difference in the strength of information security between SMEs and large organisations is that SMEs can only invest a limited amount towards securing their information and collaboration channels. Small and medium enterprises are also found to be less aware of the consequences of information security threats where as they seem to be more interested towards investing into new communication channels and transfer of digital information. However, the lack of finances to be invested towards securing these channels has resulted into a major negligence towards the information security. These smaller firms also act as outsourcing companies to the large organisations where by the SMEs handle full or part of a project or a task on a contractual basis whereby both the firms are interlinked with each other while SMEs being the weaker platform in terms of security. Large firms fail to understand that a weak connection attracts cyber criminals to attack. (Craft, R., Wyss, G., Vandewart, R., Funkhouser, D (2000)) Overview of CRAMM Risk Management Methodology One of key objectives of this research is to perform a detailed investigation of a UK Governments Risk Analysis and Management Method called CRAMM. Research has been performed from various online resources based on this method as well as CRAMM practitioners have been consulted to attain a closer and more practical view about the method. This research will later on discuss a perfect scenario where by CRAMM can be implemented and the technical design of CRAMM Risk Analysis System. CRAMM Method Organisations, these days, are reliant on the resources they have and the assets that they built during the span of their business. These assets usually include data that these businesses hold, equipment which is necessary to make use of this data and services that these business offer. These assets are bare necessities of any organisation and hence protecting these assets is vital for a long lasting income. In order to protect the necessary assets of an organisation, various risk analysis, assessment and management methodologies have been practiced and implemented. Risk analysis and assessment involves gathering the information of a potential risk that may occur and assessing the impact of such incident. Risk management involves taking measures to reduce the probability of such risks and identifying procedures to follow if a risk occurs. UK governments security service created a risk assessment and management software called as CRAMM. CRAMM is not just a software tool but a complete management strategy that was developed by UK government national security authorities to implement a secure and risk free working environment in businesses. CRAMM assesses risks based on three parameters; value of assets, potential threats and susceptibility which measures the probability of risks based on weaknesses of procedures and standards. These parameters are considered as different assets which are considered and clearly studied during the initial risk analysis stage of CRAMM. This information is usually gathered with the help of the main leaders of these assets such as Data Managers, Technical Support Staff etc and the review that results from this assessment includes counter measures to either avoid the occurrence of risks or develop steps to follow if a risk occurs to minimise its affects. Following are the stages involved in CRAMM process, also expressed in the form of a diagram. These stages can also be considered as automated steps while dealing with CRAMM software: Initiation Identification and Valuation of Assets Information Impact Valuation IT Software Applications Valuation Threat and Vulnerability Assessment Full Risk Analysis Rapid Risk Analysis Risk Calculation Chapter 3 Risk Management with CRAMM It has been recognised by a number of experts such as Craft, R., Wyss, G., Vandewart, R., Funkhouser, D in an article called Guide for Selecting Risk Analysis Tools. In 1999, and risk management organisations that risk management and analysis are although critically important for organisations, they can be unsustainable without effective tools, methodologies and frameworks. As expressed in the proposal, this research studies a market leading Risk Management methodology called CRAMM (CCTA Risk Analysis and Management Method). The idea of CRAMM came into reality in 1987 by CCTA (Central Computing and Telecommunications Agency) of the United Kingdom government. The main purpose of CRAMM was to provide security to UK government departments information systems and is now one of the market leading risk management frameworks working as a qualitative risk analysis and management tool towards reducing probability of risk occurrences in businesses of almost any nature. (Gilbert, I.E. (1999)) CRAMM is a sophisticated methodology and is currently on its version 5.0 which comprises of a three staged risk management framework: Asset identification and valuation. Threat and vulnerability assessment. Countermeasure selection and recommendation. CRAMM is simply a framework that uses a specific format. This format includes the following key components: Interviews, meetings and surveys to gather data Divides IT assets into sub categories such as: data, software and physical assets Helps you realise the impact of the occurrence of a risk Identifies the likelihood of a threat to occur CRAMMs latest version in market is 3.0 which is a highly user interactive tool specifically for Information Technology sector. This version is ideal for identifying the security requirements of an information management system. CRAMM complies the rules and standards of British Standard policy (BS) 7799:1995 IT Risk Assessment with CRAMM System Initiation CRAMM risk analysis consists of set of human interaction activities such as interviews, questionnaires and meetings. This research initiates by setting objectives, scope and boundary of the review, identification of project scope, stakeholders and the end deliverables. The research is based on reviews which initiate by initial interview sessions with the stakeholders conducted by CRAMM experts. These can be as many interviewees as defined by the intensity of the project which are then documented in the Initial Documentation of CRAMM risk Analysis. Identification and Valuation of Assets As expressed by Mr Khan in an interview, Krause, M., Tipton, H.F (2002) also expresses the importance of realistic estimates before starting the CRAMM analysis of an IT organisation or department. He states that it is essential to estimate the actual value of organisational resources. Based on the valuation of assets, CRAMM experts then identify the level of security that needs to be audited and implemented. In a typical IT organisation there are various types of assets off which the three assets are as followed: Data Software Applications Physical Assets (Hardware and Network) After clear identification of assets, it is necessary to identify the inter dependencies of assets so to be able to revaluate the level of importance of individual asset. Interrelated assets include Intranet, Email, Extranet and other information collaboration sources. At this stage, the CRAMM risk analysts need to be extra cautious since at the beginning of the project if the asset models are made too critically it will complicate the whole analysis however, any lack of detail may cause unrealistic results (Krause, M., Tipton, H.F (2002)). The analysis process starts with gathering the information sources, storage mediums and channels of communication. In order to get this information in its most appropriate and complete manner, it is essential to identify the actual personnel who are responsible for data/information management in the company. In a generic IT organisation, there are Data Model Managers, Intranet Supervisors and Product Managers who are the key sources of information as well as the real owners of the key business data. It is then required by the CRAMM practitioners to start their reviewing process by initiating several interview sessions with these personnel. Since, these are pure IT individuals and may not have any knowledge of the CRAMM reviews, it is essential for the Analyst to provide introductory lessons prior to commencing their analysis so to avoid capture of unnecessary or lack of information. (Labuschagne, L., Eloff, J.H.P (20020)) Information Impact Valuation Once the individuals are determined and taught about CRAMM reviews, the estimation of asset values start. Here the key pointer is to identify and analyse the consequences of loss of information such as breach in a contract and unavailability of information for specific period of time. The data owners help identify the instants where data can be unavailable (web failure, data theft, confidentiality etc). CRAMM experts usually have pre defined sets of guidelines to follow in case of different types of disasters. These guidelines and standards are usually generic which can be personalised with a little analysis and efforts. The initial analysis of information sources, it becomes easier for analysts to manipulate the guidelines and prepare an analysis document specifically based on the individual scenario. These guidelines avoid utilising big numbers. Analysts tend to replace 4 digit numbers with 1. I.e. 4,000 = 4 and 100,000 = 100. This technique avoids the probability of making small numeric errors for assets (Krause, M., Tipton, H.F (2002. IT Software Applications Valuation Another long interview session was arranged with Mr Khan of Cerillion Technologies whereby it was identified that in previous analysis of information, CRAMM analysts interviewed the key stakeholders involved in information management. However, when we consider Software Applications as assets these are not physical yet easy to analyse and study in comparison to information. This is because the impact of unavailability of such applications can be easily measured and tested by either communicating with the Technical Support personnel or practical exercises such as switching off the applications. This measurement then helps identifying the cost that the company could incur should such an incident occurs. Although software applications are considered and measured amongst the other physical assets, the nature of their databases and the actual data inside databases should be measured amongst rest of the information sources. Here comes the concept of three tear architecture of applications. If an application has three tear development architecture, the consequences of any harm to few layers could still allow the organisation to recover quickly with less cost. However, the business could bare a huge impact in case of any harm to the database, depending on the nature of the data. Threat and Vulnerability Assessment The final analysis session that holds the maximum importance is the measurement of the probability of threat occurrences. In order to measure this probability, CRAMM uses a pre defined set of relational tables which allow various combinations of threat groups with the asset groups. CRAMM initiates by dividing assets into groups which are then put against the set of threat groups. The automated decision support capability of CRAMM then allows the risk analysts to be able to determine the interrelations between assets and their probable risks. The type of threat groups to include is usually pre-defined by the customer organisation before the analysis starts. This is because business of different nature is susceptible to different nature of threats depending on their assets and business processes. In relations to the vulnerability aspect of risk analysis, CRAMM lacks detailed technical analysis in terms of systems applications analysis and design information. It is rather inclined towards the top executives and risks mentioned by them hence an analysis that requires deep down research into applications would not be suitable via CRAMM. (Information gathered during an interview with Mr Khan: Cerillion Technologies Ltd, London 21/11/2009) Once the critical analysis is over, key information has been gathered and key information resources have been identified, CRAMM allows two ways of risk analysis: Full Risk Analysis Full risk assessment and analysis is mostly recommended where by analysts gather key detailed information from the Support or Network personnel. These sessions are conducted with the help of face to face interviews and questionnaires. The information gathered from this review is then entered into CRAMM in order for it to decide the Risk groups based on it decision making functionality. CRAMM then calculates the probability of possible threats based on five levels: Very High, High, Medium, Low, Very Low. Vulnerability on the other hand is defined on a three point scale: Low, Medium and High. These levels define the probability of risk and vulnerability. Rapid Risk Analysis Rapid risk analysis includes quick analysis of possible risks, threats and vulnerabilities. These are then defined using three pointer valuations I.e. Very Low, Medium and High. Without much of an information analysis, the three levels are pre defined in the system as Very Low being the one where by probability is once in 10 years, Medium is 30% 50% probability of occurring a considerable risk and High means higher probability of risk occurrence. This information is gathered using qualitative way of data gathering such as brief questionnaires. Risk Calculation After the analysis and measurement of the probability of each threat against an asset, CRAMM is capable to calculate the level of risk against each Asset Group. The level of risk is depicted using a 1 to 7 (where by 1 = Very Low and 7 = Very High) scale matrix. The matrix compares each Asset, based on its value, to its relevant probable vulnerability and threat. System then generates executive level reports and graphs for a better and debatable understanding. (Krause, M., Tipton, H.F (2002)). CRAMMs Application Through direct hands on experience on CRAMM based tool it was identified that CRAMM, as a methodology, is flexible enough to be incorporated in any nature of the information system lifecycle from planning through to live operation. CRAMM application can be used at any point in the information system of the life cycle to identify the security and / or eventuality needs for an information system or network. This may include: Strategy planning, to determine the relative costs and implications of the implementation, the organisation may make used of high level risk analysis to identify broad security or contingency. At feasibility study stage, when looking at probable solutions to identify the broad security or contingency requirements and the costs involved at various options, high risk analysis may be required. During analysis stage, of the detailed business and technical environments, where the chosen option needs to be looked into further and polished, high risk analysis may be required. Before putting the software on live environment, it is essential to perform realistic analysis of procedural, personnel and security pre-requisites to ensure standards are in place. for the duration of live running high risk analysis may be required, where concerns about security or contingency issues may arise, E.g. In reaction to a new or increased threat or due to a security breach. In order to ensure all security and audit standards exist as per required, another set of detailed analytical activities is essential vital to the successful implementation of CRAMM. CRAMM Case Study A Czech corporation he decision to implement and operate an Information Security Management System using CRAMM. The risk analysis carried out with CRAMM, was an essential part of the project and concluded with system certification in fulfilment with ISO/IEC 27001 (BS 7799). With the superiority of CRAMM being confirmed via numerous successful certification and spectrum of happy clients, it is now the most commonly used methodology in Europe for risk analysis and management. Deeming it unnecessary to invest in the methodology and other supporting tools security department specialists, as a result turned to a leading consultancy firm for support. All the company specialists alongside the members of the consultancy firm worked collectively on the chosen Partnership Approach. This means of work, effectively utilized all resources and guaranteed the movement of knowledge to internal experts. RISK ANALYSIS IS A SIGNIFICANT PART OF PREPARATION FOR ISMS CERTIFICATION Project Initiation The project team compromised of 4 people, two internal specialists and two consultants, one of which led the project. The methodology chosen was PRINCE2, to be used for project management and all related activities essential for accurate initiation. The Project Initiation Document is the first project output and summarizes everything activity, from the project goal to detailed descriptions of activities, alongside a breakdown of all the resources used throughout the project. All the information on the subject of the systems and current documentations was gathered at the beginning. Detailed Risk Analysis Risk analysis was divided into two parts: Identifying and Modelling Assets Risk Evaluation For any organisation assets associated to information processing are extremely valuable to them with the most important being Data Assets whose recognition tends to be particularly hard. Processed by the company were vast amounts of data regarding their production, clientele, suppliers, and personnel, alongside strategic management information. Overall a total of 10 groups and 54 subgroups were identified. Respondents that were chosen beforehand were interviewed using the data evaluation process. These respondents, who were all users of the data or subgroups were able to inform probable breaches that could cause damage to the companys status, or outcome in financial loss and additional damage. All worst case scenarios of instances where data is unavailable and its disclosure and amendment were looked into. Project Initiation Document Project goals Approach used to conduct the project and methodologies applied Project team and roles Project stages, resources, outputs and responsibilities Timeline Quality assurance plan, project risks Introduction As previously expressed, the main purpose of this research is to gather realistic and practical information about Risk Management from Risk Assessors and project managers and to learn about their daily life at work and the activities they carry out which allow them to be able to manage risk management with in small and large organisations. Hence, this research is mainly based on both primary and secondary data collection however more reliance can be seen on the primary information gathered through interviews and questionnaire. Major preference has been given to data gathered through several interview sessions with an Information Systems Analyst working within the Information Technology industry for over 6 years. This individual has been vigorously involved in risk management and analysis. This is to identify the real nature of tasks that risks managers perform within their working span. Other than interviews a questionnaire has been designed and distributed amongst Information Technology professionals, Risk Assessors and Strategic Management staff for them to be able to express their views by answering a set of both open and closed ended questions. A big part of information has also been gathered from various articles and academic journals present on the internet. While gathering this secondary data, every effort has been made to maintain the basic focus of this research and analyse the similarities between secondary data and information gathered through interview sessions with a professional working and applying basic risk management concepts with in large and small organisations. Since a major objective of this research is to study and understand the fundamentals of risk management strategy and the implementation of risk management systems using CRAMM as a risk management methodology, with in small and large business organisations. Another key objective of investigating risk management is to understand how large and small organisations are currently safe guarding their key internal and external information assets stored on various IT platforms and avoid the high probability of risks that can hinder them achieving their objectives. This objective has been achieved by various interview sessions with Mr. Khan of Cerillion Technologies Ltd. This research will help gain a better idea of how organisations approach and accomplish their mission statements safe guarding their internal systems which are the hubs and stores for better information sharing. Another key objective of this research work is to study the stages involved in the designing and implementing an effective computerised risk management system in a generic business organisation. Initial study into risk management concludes the purpose of the process is to minimise the probability of high and low impact risks involved in implementing different IT systems which assist in smooth running of an organisation. Based on this study the research work will further provide a design and implementation of a risk management system keeping in mind the key components, features and objectives of such smart systems. The design will include the following key four components of a typical risk management system: Risk Analysis Risk Assessment Risk Control Risk Management Research Framework Research framework consists of series of interviews and a questionnaire to gather qualitative and quantitative data. There have been almost 6 interview sessions whereby each lasted for 1:00 to 2:00 hours. These sessions included both questions and training sessions on CRAMM based risk management tools whereby the interview has helped understand the key basics of Risk Management process and its stages as well as computerized tools used by Strategy makers, risk assessors or project managers in small and large organisations to perform their functions efficiently. For better understanding, the questionnaire has been written in English and is divided into three parts to capture data for the key three objectives of this research. This framework also includes information gathered by studying through various journals and articles online written by highly experienced and qualified individuals within the Risk management market. Sampling The target interviewees are mainly Risk Managers and Strategy makers who are working within the information systems development environments. Data Collection Tool The main data collection tool is a questionnaire designed in order for Risk Assessors or Project Managers to be able to think about the processes and techniques they use to perform their jobs and deliver projects with in time and budget. Questionnaire consists of both open and closed ended questions designed for ease of use by the target audience. The questionnaire will try to analyze the target interviewees and their views on the focus area which will help in the development of the final end product which is a working model of what has been learnt about project managers through this research. Data Analysis This research provided a close study on risk management as a process and identify the nature of task and stages involved which lead to an efficient strategy. Key data analysis has been focused towards meeting the main three objectives of this research which are to understand how small and large organisations are currently safe guarding their business against risks, what is CRAMM and how does CRAMM strategy incorporated with Information Technology becomes useful for businesses and the third objective of identifying the technical design of a CRAMM based risk management system. Academic research/Secondary Research A vast number of academic journals, articles and research papers have been studied to establish a bridge between the point of view gathered while interviewing Mr Khan of Cerillion Technologies Ltd and what has been expressed by various different researchers online. It has been noticed that these articles follow a specific conceptual approach towards the whole process of project management. Researchers tend of idealize the process of managing an IT project as a sequential process made of strict set of similar stages for projects of almost every nature. It was, however, identified that Project Management is completely different for Information System Development projects. SAS for Risk Management The leading provider in new generation of business intelligence software and services that creates true enterprise intelligence. Creating intelligence using huge amounts of data, SAS is the only vendor that completely integrates data, analytics, and business intelligence tools. Used at over 38,000 sites including 99 of Fortune 100 businesses, SAS solutions allow organizations to benefit through the development of profitable relations with their clientele and suppliers, helping them stay on top. The SAS Solution SAS provides a firm-wide solution which consists of processes for managing risk, discovering unique opportunities and communicating those opportunities to management, shareholders and outside analysts. SAS Risk Dimensions makes it possible for institutions to manage data throughout the organization, enabling the analysis of complex situations and production of regulatory reports. It provides a single, comprehensive environment for data management that lets you: Gain access market data from anywhere in the world (irrelevant of geographic location, legacy system or origin). Qualify, clean and organize that data within a powerful environment that includes business rules, intelligent process and validation. Identify and evaluate multiple dimensions of risk, as well as your companys overall risk. In order to figure out risk measures SAS provides risk analysis that enables data to be analyzed and explored (firm-wide, by location, by region, by division, by portfolio, by business unit, by line of business, etc.), resulting in almost limitless perspectives and innovative insights with regards to the allocation of capital in relation to risk and returns. SAS enables decision makers to act speedily in response to changing market conditions, rapidly identify new strategic directions and uncover sources of prospective problems before they occur via risk reporting. Risk reporting transforms the immense amounts of data generated by your company into more manageable information that can be easily understood. Critical Analysis Risk management is imperative for IT. Moreover, many development projects do not make the grade to meet is expected of them and next to all online systems face an increasing array of threats. Additional attention needs to be given to these risks by IT professionals. CIPS (Canadian Information Processing Society) has taken the innovation and officially recognized the importance of conducting risk assessment at the beginning of assignments by all means and progressing with risk management throughout assignments. The majority of us have a basic appreciation for what is involved in risk management. All commencing activities face several threats, every one of which can lead to unintended results. Everything involves risk to a certain degree. Risk which is left unmanaged can move in and leave you with probable outcomes that are definitely unwanted. To lessen the negative impacts of unplanned events and in turn boost their positive impact, managing risk should be a significant part of risk management. Despite, that being a reasonable high level description, it is not always easy to imagine how that should be translated into practice. Available are a large number of risk management best practice guides, and quite a lot of specialized IT risk management best practice guides. A reasonable practice guide developed by a committee many of whom came from the world of finance Canada has its own Risk Management Guideline for Decision-Makers (CAN/CSA-Q850-7). In existence are specialized IT risk management best practice guides and standards. The Institute of Electrical and Electronic Engineers has a Software Life Cycle Risk Management Standard (1549-2001) and the Software Engineering Institute of Carnegie-Mellon University has published best practice risk management guides for IT development, acquisition, and operations. The difficulty in hand is to decide which guide to follow and how it fits with everything else that needs to be done. The ten risk activities are: Establish risk management alignment Identify with relevant strategic business outcomes Be aware of relevant business process objectives Identify internal IT objectives and determine risk context Identity events associated with objectives (business and IT oriented) Sustain and monitor a risk action plan My informal translation of ERM identifies five risk management maturity levels: Initial Risk management gets completed, but it takes a hero to make it come about. Repeatable Risk management is done, but predominantly for the important stuff Defined There are enforced and employed risk management standards Measured There are risk management measures covering everything important Optimized Risk management is automatically being refined and enhanced My sense is that many British organizations have moved to the Initial level, but not all that far beyond level one. Risk is no longer regarded as a four letter word. Furthermore, risk management is now acknowledged as a good thing, although the level of commitment is not high. Heroes are required. IT professionals have to rise to the challenge. Aid your organization progress up the IT risk management maturity scale. Not only, is it the professional action to take but, it will also be good for your career and for your organizations future. Chapter 7 Conclusion Organizations are involuntarily reacting to pressure from competition are now customising their use of capital. To remain on top and competitive, companies have got to start looking at enterprise risk and measure performance on a risk-adjusted basis. Management must persistently analyse and reanalyse the risk of unpredicted losses versus capital. Businesses who know the difference between superior returns and moderate volatility generally achieve with superior valuations from financial markets. Adapting this belief and incorporate this in your business strategy is the key to executing a risk-based strategic initiative. Technology Three major pieces are required by the technology to successfully implement an ERM platform. The first piece is the capacity to without difficulty obtain data from unrelated systems, transform the data and load it into same format. The second piece is a flexible risk engine capable of producing the metrics necessary. Last of all, the third piece is the capacity for an ERM platform to effectively communicate metrics all through the business. Communication technologies include portals, scorecards, dashboards, Web-based reporting and traditional report creation tools. It is essential that all three components come together to create an integrated framework on which clients can put together an ERM solution. In addition, the framework must scale with the demands of the organization. Why Institutions Need Effective Enterprise Risk Management ÂÂ · Company Drivers One of the prime objectives of a comprehensive risk management solution is to reduce by and large the volatility of earnings at the same time as maintaining an adequate rate of return. To be successful internally, this concept mean that management must understand that behaviour must be rewarded based on risk adjusted return. Performance based solely on returns or risk diminishes the overall objective of decreasing earnings volatility and increasing shareholder value. Management must work to identify a risk-adjusted rate of return to measure business. These measures tend to reward behaviour that maximizes return while providing an incentive to examine and adjust the risk taken by the corporation. External corporations on the other hand must constantly battle for attention from analysts and investors. Firms which tend to be rewarded with higher valuation are those that are able to demonstrate lower earnings volatility than their competitors. Similarly, firms which may observe a lower cost of debt over their competitors are those that are able to demonstrate superior control to creditors. ÂÂ · Regulatory Forces On several occasions, many companies are forced to re-examine their risk control process due to changes in regulatory requirements. FAS133, FR932.5, the new Basel Capital Accord and a host of other regulations oblige companies to make use of risk management tools for regulatory reporting and compliance purposes. Those companies that fail to acceptably meet regulatory compliance risk facing adverse market reactions or face stiff fines. To comply with these new regulations, for the first time, many firms have begun to create risk methodologies. An effective ERM platform would help clients meet or exceed these new requirements. Communicate Risk Measures throughout the Organization A successful risk management initiative requires end-to-end communication of companys goals and objectives. This task is carried out amongst the RMS provider and the higher level directors who are the actual strategy makers. It is very common for firms to re-visit at the end of the year a mission statement or goals published at the beginning of the year. The initial definition of the global strategy and mission statement that is used to guide the direction of the firm is decided by the Executive management. The control committee or Chief Risk Officer then go on to shape this predetermined direction further by determining measurable objectives for the fiscal planning period(s). Strategic Analysis Once company goals and objectives have been communicated, the users need to be able to modify corporate strategy in case they need to avoid a negative situation. Before any form of unified strategy can be made, it is vital that the key indicators that add to the overall strategic objectives are identified. There are available numerous analysis techniques which can aid in determining the cause of abnormal conditions or furthermore provide insight into possible opportunities to improve revenue. Most of these Strategic Analysis techniques are common when we talk about enterprise risk management however there utilisation is rarely seen. These strategies are used to identify the what-if analysis for both small and large businesses. Some of these include: Conditional Risk Indicator analysis. Simulations of scenarios. Sensitivity analysis of risk indicators. Risk Indicators Ranking. Multiple period simulations. Shock Analysis. The above techniques are mostly designed to allow business to first create the what-if scenarios and then play around with them. However, if used correctly, CRAMM, in a small or large organisation, can provide you with a number of benefits, the most important of which the CRAMM user manual identifies as being the ability to provide a method by which expenditure on security and contingency can be justified. This statement reflects the movement of UK Government away from a risk avoidance strategy towards a risk management strategy. In other words you should be aiming at containing the risk and reducing it to an acceptable level, rather than attempting to eliminate it at any cost. Another benefit is that CRAMM will assist you to assess requirements and options for contingency planning. Chapter 8 References / bibliography Brewer, Dr. David. Risk, Security and Trust in the Open World of ECommerce. May 1999. URL: https://www.itsecurity.com/papers/p35.htm. Brewer, Dr. David. Risk Assessment Models and Evolving Approaches. IAAC workshop, London. July 2000. URL: https://www.gammassl.co.uk/topics/IAAC.htm . [CAI01] CAIDA Analysis of Code-Red. 15 August 2001. URL: https://www.caida.org/analysis/security/code-red/ Overview of Attack Trends. 19 February 2002. URL: https://www.isalliance.org/resources/papers/attack_trends.pdf . Changduk, J., Han, I., Bomil, S. Risk Analysis for Electronic Commerce Using Case-Based Reasoning. 1999. URL: https://afis.kaist.ac.kr/download/inter_jnl012.pdf. Chisnall, W. R. Applying Risk Analysis Methods to University Systems. EUNIS 97, European Cooperation in Higher Education Information Systems, Grenoble, France. 9-11 September 1997. URL: https://www.lmcp.jussieu.fr/eunis/html3/congres/EUNIS97/papers/022701.html . Computer Economics Security Review 2002. URL: https://www.computereconomics.com/cei/news/secure02.html . Craft, R., Wyss, G., Vandewart, R., Funkhouser, D. An Open Framework for Risk Management. 21st National Information Systems Security Conference Proceedings. October 1998. URL: https://csrc.nist.gov/nissc/1998/proceedings/paperE6.pdf . Financial losses due to Internet intrusions, trade secret theft and other cyber crimes soar. March 2001. URL: https://www.gocsi.com/prelea/000321.html CERT/CC Statistics 1988-2001. URL: https://www.cert.org/stats/cert_stats.html. About CRAMM. URL: https://www.crammusergroup.org.uk/cramm.htm. CRAMM User Guide, Issue 2.0. Walton-on-Thames: Insight Consulting, January 2001. New Private-Sector Internet Security Alliance Launched. 23 April 2001. URL: https://usinfo.state.gov/topical/global/ecom/01042303.htm. A Practitioners View of CRAMM. September 1997. URL: https://www.gammassl.co.uk/topics/hot5.html. Gilbert, I.E. Guide for Selecting Risk Analysis Tools. NIST Special Publication 500-174. October 1989. URL: https://csrc.nist.gov/publications/nistpubs/500-174/sp174.txt. Krause, M., Tipton, H.F., Section 3-1: Risk Analysis. Handbook of Information Security Management. December 1999. URL: https://secinf.net/info/misc/handbook/242-244.html. Labuschagne, L., Eloff, J.H.P, Risk Analysis Generations The Evolution of Risk analysis. August 1999. URL: https://csweb.rau.ac.za/deth/research/articles/ra_generations.pdf. Description of Automated Risk Management Packages that NIST/NCSC Risk Management Research Laboratory have examined. March 1991. URL: https://www.eff.org/Privacy/Newin/New_nist/risktool.txt. Ozier, W. A Framework for an Automated Risk Assessment Tool. 15 August 1999. URL: https://www.theiia.org/itaudit/index.cfm?fuseaction=forumfid=228. Hinton, C. CRAMM. December 2001. URL: https://www.scmagazine.com/scmagazine/sc-online/2001/review/059/product.html. Venter, H.S., Labuschagne, L., Eloff, J.H.P. Real-time Risk Analysis on the Internet. March 1999. URL: b.rau.ac.za/ifip/workgroup/docs1999/11_sec1999.doc.

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It tests the maximum amount of push-ups and sit-ups a person can do in two minutes. Along with completing a two-mile run in the allotted time prescribed. The APFT is different from any other standardized test I have ever seen. It is painfully obvious that the test is severely skewed in the females favor. nbsp;nbsp;nbsp;nbsp;nbsp;About fifteen years ago, â€Å"a group of sports medicine experts in the Army decided that the standards for theRead MoreThe Successes and Failures of the League of Nations1554 Words   |  7 Pagessix-week inquiry, the League decided to split Upper Silesia between Germany and Poland. The League’s decision was accepted y both countries and by the people in Upper Silesia. The League of Nations final settlement involved the Greek/Bulgarian dispute in 1925. In 1925, sentries patrolling this border fired on one another and a Greek soldier was killed. The Greek army invaded Bulgaria as a result. 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World Hunger free essay sample

Have you ever thought about how much food the world wastes and how this increases world hunger? It has been proven that of all the food produced for human consumption, over one-third of it is lost during a year and over the 35% of that would feed all the people who lack food in the world (Gunders). The planet is experiencing times of great frustration with this. While the birthrate increases approximately one percent every year, the food just does not get to all the people (Gunders). World hunger is an ancient problem in the world, in which Asia and Africa have been experiencing increasing alarming rates of starvation that demands a solution. World hunger is not due to a lack of food, but rather a disproportionate population distribution and an inadequate mismanagement of supplies. The lack of food is more a myth than reality. The amount of grain produced in the world today could provide for each person on the planet to have the equivalent of two loaves of bread per day (Brown). We will write a custom essay sample on World Hunger or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Our current food production could feed seven billion people, plenty enough for the six billion people living on Earth (Gunders). However, it is evident by the number of deaths and suffering that exists in some continents, which hunger still persists. Over the years it has been demonstrated that the amount of food the world has lost or wasted has increased dramatically. About 1974 people on the US had the manners of saving food because the production in the world was not the efficient that it is today (Femmer). Today we live in a world where food production has increased in a way where developed countries have an excess of food and people develop the custom to throw food instead of sharing or saving it; as a result the food waste increased to 1400 calories per day from 900 on 1974, only in the US (Femmer). That means about 75 trillion calories are wasted in a year. Instead they could be used to feed over 145 million people (Green). This numbers have to change in order to do well on distribution. The majority of food produced in the world is in economically developed countries such as the US, which has an over production of supplies. Meanwhile countries with hunger problems do not have the advantages of equipment and a self-sustaining market to encourage farmers to increase their production. With this the major producers of food in the world have a monopoly of the food production, causing a disorder on the world? s food distribution. A good example of this is Ghana. Twenty years ago the government started to initiate a program to increase the production of coffee in the country and then export it. For a few years, everything went well, but by late 1980`s and 1990`s the global market started to focus almost all their attention in the South American coffee producers and more economically developed Colombia. As a result Ghana’s price of coffee plummeted and the industry collapsed and suffered a small economic crisis (Frayrich). As developed countries monopolize the food around the world, they start to over produce and start making money with exportations so rich countries grow even richer, with this the less economically developed countries are not able to compete on the food market and require to buy the food that they don’t have to the monopoly owners (Mcandles). With this appears another problem, transportation. Most countries that do not have the resources to self supply themselves with products have to import them, and the same happens with food. There are many causes for not having the well to produce, in which the lack of fertile land, the little technology and money are the most common ones (Lee). That is why importations occur, but the essential problem of it is the cost of transportation. Food as well as other products is exported, but due to transportation costs â€Å"hunger† countries cannot buy that food and the percentage of food wasted increases. As those countries that do not export their food, it exist an over production where the remainder food is obviously lost because the people cannot eat it all. This is provoking the distribution problem to grow even more, because as poor countries do not have the money to produce food, they have even less money to buy food that is overvalued from its original price due to the transportation and additional costs that the countries put. Solutions must appear to solve all this problems. This really needs to change. The way to solve the problem of distribution is to encourage national governments of developed countries to subsidize the purchase of food for less economically developed countries. In this way, the poor states are able to increase their food supplies, while the farmers are still able to gain competitive prices for their products. This means that the food prices will increase so local farmers would start to produce more. As the poor countries produce more, they can be more self-sufficient and import less. The food market in the entire world would start to regulate, and the people would start to get food in a more proportional way in all countries. Due to it, the hunger problems would decrease. There are over fifty two countries, of which thirty seven are in Africa, that owe a total of 376 billion dollars in debt (Vidal). The repayment for this huge amount of money takes up a very large portion of each countrys income, leaving them with little left to solve their hunger problems. The areas where chronic persistent hunger occurs need capital and resources to develop and implement schemes to help them solve their problems. Cancelling world debt would provide these countries with the ability to help themselves, such as being able to develop their economy in order to safeguard against future hunger problems, develop and import technologies to begin and increase the amount of output from their arable land or help fund imports of food from abroad, helping them to solve the redistribution problem. Some people started to make conscience about distribution in England (Murrey); they have been creating some alternative â€Å"life styles† on the past few years, in which the save of food is the most important value, making to spread the idea through the globe (Dowdey). This urban tribe is called Freegan and they are known for their embrace community, generosity, social concern, freedom, cooperation, and sharing in opposition to a society based on materialism, moral apathy, competition, conformity, and greed (Fred). They are conscience people about the topic of the world hunger, and they know that the best thing they can do to solve it is to do well on the distribution of aliments. That is why they take the food from garbage and use it as their meal, being known as â€Å"the people who live from the garbage of others† (Fred). With this effort they save food that could be used for people that are dying of hunger. Today starvation does not affect everybody, but it is proven that about eight children die each day due to malnutrition and over one hundred forty six million more children are suffer from it (Vidal). What would happen if you were the parent of one of these kids that die each day? People must realize that world hunger is a serious problem the world is facing due to its bad food distribution, and the people are the ones who must start demanding their governments for reforms and/or just start helping by saving food and sending it to the disadvantaged countries. The improvement and  development of the planet relies on the will of each person, and with effort everything is possible.

Bio of Phoenix Arizona Essay

Bio of Phoenix Arizona Essay Bio of Phoenix Arizona Essay My name is Yameka Monique Cassey Barnes. I was born and raised in Monroe, La., later lived in Bastrop, Louisiana for 10 years; now I moved back to my hometown. I am married but separated. I have two girls, one is 15 and the oldest is 18. I am attending University of Phoenix to achieve my career in Criminal Justice. This is my first day at University of Phoenix. Experience C.N.A. since 2000; passionate about helping and has a good interpersonal skills and always welcome a challenge. Excellent Organizational Skills, Computer Proficiency, Data Entry, Word Perfect, Microsoft Word, Data Base, Developing and maintaining Excel and Spread Sheets, Keyboarding at 47 words per minute, Managing and Storing Records, Telephone Etiquette, 10-key Calculator, Filing, Office Management and Procedures, and Word Processing. Baby-sitting kids from 12 and under for 3 years (1998-2001), Taught at a Vocational Bible Study, Secretary on the Student Government Association at Louisiana Technical College in Bastrop (2007-2008). My career goal is to get my bachelor’s degree in Criminal Justice. After achieving my goal I want to become a detective or a probation officer. I want to start from dispatcher then a police officer before going on to the detective work. I think in my state that what I would have to do start from bottom line to the top. I will love this job because this has been my dream every since I was in my younger age. I’m always trying to solve something or investigating something and sometimes get to the bottom of it. Due to our fallen economy I want a job where I would not have to

Cal essays

Cal essays Cal: He is a typical 19-year-old Irish boy. He has had a hard life because his mother died when he was 8. Now he is living together with his father Shamie. But the relation between them is not like a father and son relation, they are more like friends. Cal is a person you can persuade very easily and fast. He isnt very self-confident. His friends Crilly and Skeffington boss him around and Cal isnt very happy with this situation, but he doesnt know how to fight back. His friends are strictly catholic and they force him to join the IRA. He starts to become their driver when they commit crimes. Cal is looking for somebody, who loves him. He hasnt been given any real love since his mother died. Fortunately, he finds Marcella who is nine years his senior and he falls in love with her. He met her first in the library where Marcella works as a librarian. Cal starts going there regularly just to meet her. Finally, Marcella, who is more mature and who has already a daughter, falls in love wi th Cal, too. Cal is a very poor boy who doesnt have a lot of luck in his life. He thinks a lot and has many nightmares about the murder of Marcellas husband. He feels guilt about the murder of Marcellas husband who was shot by one of Cals friends when he was the driver. He feels sorry but there is no possibility to show it because Marcellas doesnt know anything about his secret. Marcella: She is a very unhappy woman in her late twenties. She lost her husband in an attack of the IRA. During the story you find out that she didnt love her husband anymore in the end. Now she is living together with the parents of her husband and especially her mother-in-law bosses her around. Marcella doesnt have any friends and she would like to get to know people. She is desperately looking for a job. Eventually, she gets the job in the library. Marcella has very weak personality. Cal is a kind of ...

Leadership Style of Ivan Seidenberg Essay Example | Topics and Well Written Essays - 1750 words

Leadership Style of Ivan Seidenberg - Essay Example Mr Seidenberg is regarded as one of the key element responsible for several successful mergers and acquisitions including NYNEX Corporation, Bell Corporation, MCI Inc and GTE Corporation in the years 1997, 2000 and 2006 respectively. He has also served as a director BlackRock International and Honeywell International Inc since 2011 (Forbes, 2013). Although Mr Seidenberg has given his resignation from his CEO post from Verizon communication Inc (Verizon), he will remain chairman of the board (Wall Street Journal, 2013). It is observed that Mr. Seidenberg had exhibited transformational leadership style at multiple stages and various situations. Transformational leadership skills include dealing with the complexity of the management problems effectively and with ease. Transformational theory was defined by theorist James McGregnor in the year 1978 (Sadler, 2003). Transformational leadership skills lead to excellent performance of the employees which are usually beyond the expectation of the organizations. Mr Seidenberg has always been promoting a congenial work environment which helped in achievement of targets and improved the organizational culture. The leadership style exhibited by Mr Seidenberg helped in promoting active participation in decision making, moral and social support, cooperation, etc. (Noguchi, 2005). Organizational Structure & Verizon Communications Under the control of Mr Seidenberg, Verizon Communications had developed a mechanistic and bureaucratic structure which is appropriate for the mass production and makes the employees task oriented. The structure of the organization determines the culture and the performance of the employees. It is believed that organizations are rational entities and the employees are considered as economic components (Martnez-Leon and Martnez-Garca, 2011). The attributes which are found in bureaucratic and mechanistic organizational structure are as follows: Different hierarchy levels where the authority emanates fro m the top level managers to the middle level managers and lower level managers (Martnez-Leon and Martnez-Garca, 2011). Intense work division which helps in generating work specialization A high degree of horizontal differentiation where certain employees are given specialized roles and responsibilities. High formalization which is derived from strict compliance to the formal rules and regulations (Martnez-Leon and Martnez-Garca, 2011). High relational complexity and centralization deriving from the managers need to coordinate the organizational activities which would help in developing effective control over employees and problem resolution. The organizational structure at Verizon had a strong hierarchical control, and the top level managers, especially the CEO, were responsible for decision making. The CEO was responsible for the creation of formalized groups, rules, protocols and procedures. The decision and information disseminated from the top level to the low level managers. Th e job duties, responsibilities and procedure are clearly defined. Although high centralization helps in improving the existing process, it can reduce the innovation procedure (Dastmalchian and Blyton, 1992).