(10marks) Explain how secondary data were used, or could have been used, to develop your conclusions. (12marks) Explain the geographical reasons for carrying out your investigation in the area chosen. (10 marks) Describe and justify the steps taken to minimise the risks involved in collecting data for your investigation. (8marks) Assess the usefulness of one method of data presentation that you used in your investigation. (12marks) Explain why you chose this hypothesis or argument or assertion or issue or problem for investigation.
Phase II does a better job at quantifying risk for this project. This phase builds on the phase I process. Using the assumptions that were documented as discussed above these are elaborated upon and compared to the cost, schedule and scope of the project quantifying the risk and documenting it. As stated in the text quantitative risk modeling provides a basis in which to inter-mingle the consequences of each risk into an overall assessment to support decision-making and management control. (Cooper, Grey, Raymond and Walker, 2005 pg.188) Which phase did you find easier to follow with regards to the risk assessment?
The Board is completing an update to the Conceptual Framework for Financial Reporting in order to give it a more complete, concise and updated set of concepts to use when the Board develops or revises IFRS Standards. The Conceptual Framework for Financial Reporting describes the basic concepts and objectives of general purpose financial reporting. It underlies the preparation and presentation of financial statements for external parties. It is an empirical tool that helps the International Accounting Standards Board (IASB) develop requirements in IFRS Standards which is based on clear and regular principles (ifrs, 2018). These principles, on the other hand, must bring about the Board developing IFRS Standards that makes it necessary for entities to present more important, comparable and clear information in financial statements.
Assessment 1- Using AS/NZS ISO 31000:2009 Risk Management- Principles and Guidelines, define risk management. Risk management by definition is ‘coordinated activities to direct and control an organisation with regard to risk (Standards Australia 2009, p.2), herein known as ‘the Standard’. The Standard further defines the components which deliver a framework with which organisations can effectively manage risk. There are several principles of risk management which form the basis of this framework. These principles emphasize that the Risk Management process:- • Creates and protects value to the organisation • Is integral to all organisational processes • Forms part of the decision making process • Addresses uncertainty • Is systematic, structured and timely • Is based on the best available information • Is tailored • Takes into account human and cultural factors • Is transparent and inclusive • Is dynamic , iterative and responsive to change and • Facilitates continuous improvement Risk management requires a framework of design, implementation and monitoring to ensure its effectiveness in an organisation, through the development of a risk management plan.
(Longest and Darr, 2008) CQI is an approach to quality management that focuses on the process more than the individual. It is an organizational framework in which the HSO and its employees, including everyone from the governing board down to the clinical staff, are committed to evaluating and monitoring every aspect of the organizations activities so that they can be continuously improved. CQI is process focused, which means that more attention is spent on understanding and analyzing the processes in the organization. The processes and changes to the processes must be looked at to know what effects come from them. This will result in having enhanced productivity through effective and efficient use of resources.
Case Analysis: Volkswagen of America: Managing IT Priorities Kelli Adam Subhash Anuguthala Priya Bharbhari Xiaoxi Cheng In partial fulfillment of INFO639 – Corporate Information Planning Texas A&M University, Spring 2009 February 24, 2009 Backgound. 1/4 Volkswagen of America unveiled a new prioritization process to determine which IT projects would be funded in 2004. The new, improved process was based on aligning IT projects with corporate goals, not haphazard debate. The CIO faces the dilemma of funding projects with a wider outreach and rejecting the new process, or firmly supporting the new process that would adversely affect global initiatives planned by the parent company. Problem/Issue.
10. Calculate segment operating profit as a percentage of segment revenue for the three business segments – Merchanting, Retailing and Manufacturing - in 2010. Which business segment seems to have done the best? Segment operating profit as a percentage of segment revenue for: Merchanting: €0.0615bn ÷ €1.72bn = 0.03575bn ×100 = 3.6% Retailing: €0.0024bn ÷ €0.24bn = 0.01 × 100 = 1% Manufacturing: (€3.5m) ÷ €40m = -0.0875 there is no profit From the figures shown it appears merchanting has done the best as its operating profit is the biggest percentage of the revenue. 11.
System not user friendly by the average employee c. Overall system design does not meet end users need d. Only 2 people at Captiva reviewed and/or initial and/or signed the contract: Jana (IT)/Gerry (President) e. Contract is over budget B. Al Carpenter, Materials manager called a meeting to discuss the following: a. Status of the SOS contract b. Development of a corrective action plan c. Lessons learned C. The following attended the meeting: a. Sam Sliderule (Inventory and Spares manager) b. Aaron Blumencranz (Supply manager) c. Also in attendance (Jason Patel, VP of Ops, Monica Stein, VP of Finance, and Jana Perry, Director of IT maybe known as Jim as well in the text) D. Poor communication and poorly written SOW/contract a. Monica comments “How did we get in such a mess” b. Upper management is unaware of issues with SOS product i.e. delays, c. No legal or other leadership review on contract; Gerry signed with statements “best efforts/whenever possible” except Jana (IT manager) d. Jason stated “Who wrote the specs for the software?” II.
Recommend ways to increase the reliability of the system, using an appropriate decision analysis tool. (Note: The recommendation should be supported with evidence from the current system reliability, as well as the system reliabilities from each of the three backup options.) 2. Submit an accurate copy of the computer-generated output from the appropriate decision analysis tool used in part B1. a.
This will avoid taking the “bad” operations of the previous system. A2. The advantages of a “risk control” principle if used in the approach to a security operation : • Systematic and meaningful control over loss events is possible – rather than having a blanket system to negate risk completely. It can have better control of loss events as individual events and tailor the control measures to suit enabling the company to continue operation with only the required level of risk mitigation in place. • An extra perspective over all aspects of the running of the organisation is given to top management – meaning that the top management are given a broader perspective of how the security situation will have an impact across the board as an organisation.