HLT 308V Topic 2 Bundle: (Assignment plus Discussions)

HLT 308V Topic 2 Bundle: (Assignment plus Discussions)

(HLT 308V Topic 2)
HLT 308V Topic 2 Assignment: Educational Program On Risk Management – Part One: Outline Of Topic

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HLT-308V Topic 2 Discussion Question-Answer 1
HLT 308V Topic 2 Discussion Question-Answer 2

You must proofread your paper. But do not strictly rely on your computer’s spell-checker and grammar-checker; failure to do so indicates a lack of effort on your part and you can expect your grade to suffer accordingly. Papers with numerous misspelled words and grammatical mistakes will be penalized. Read over your paper – in silence and then aloud – before handing it in and make corrections as necessary. Often it is advantageous to have a friend proofread your paper for obvious errors. Handwritten corrections are preferable to uncorrected mistakes.

Use a standard 10 to 12 point (10 to 12 characters per inch) typeface. Smaller or compressed type and papers with small margins or single-spacing are hard to read. It is better to let your essay run over the recommended number of pages than to try to compress it into fewer pages.

Likewise, large type, large margins, large indentations, triple-spacing, increased leading (space between lines), increased kerning (space between letters), and any other such attempts at “padding” to increase the length of a paper are unacceptable, wasteful of trees, and will not fool your professor.

The paper must be neatly formatted, double-spaced with a one-inch margin on the top, bottom, and sides of each page. When submitting hard copy, be sure to use white paper and print out using dark ink. If it is hard to read your essay, it will also be hard to follow your argument.

 

MORE INFO 

Educational Program On Risk Management

Introduction

Risk management is the process of managing risks to ensure that risk to the organization is within acceptable levels. It is a key function and part of enterprise architecture. The overarching goal of risk management is to minimize the impact on decision-making, operations, and resources if something goes wrong. Risk management involves identifying, analyzing, assessing and evaluating risks in various areas such as business continuity planning or information technology security systems. The following article will help you understand what are the basic steps involved in risk management process, like identifying risks facing your organization? How can you prevent them from happening?

What is Risk Management?

Risk management is the process of identifying, analyzing, evaluating and responding to risk in order to reduce its potential negative impact. The goal of risk management is not only to identify risks but also control them.

Risk management helps organizations become more effective at managing their operations by providing a framework for thinking about opportunities, threats and uncertainties across all areas of an organization’s operation (e.g., finance; human resources; information technology).

Basic Concepts

Risk management is a process of identifying, assessing and prioritizing risks. Risk management involves the identification, assessment and prioritization of risks. The term risk management implies that these three tasks have to be performed together.

Risks are those threats or hazards that can affect an organization’s objectives or performance. It is important to understand what constitutes a risk because it will help us determine how to control or eliminate it effectively.

Risk Categories

Risk categories are often divided into two broad types: high-impact, high-probability risks and low-impact, low-probability risks. High impact means that the consequences of a risk are severe and/or widespread. For example, if you were to lose your job due to poor performance at work, this would be considered a high impact risk.

Low impact means that the consequences of a risk are not severe or widespread (for example: losing your car keys).

Preventive Control Techniques

The fourth type of control is the preventive control technique. These controls are used to prevent errors, fraud, loss of data and money, loss of reputation and time.

Preventive controls are in place before an error occurs or a loss occurs. For example:

• Before you can make an error by entering incorrect information into a form on your website—you need to ensure that these fields are not submitted as text when they should be checked for errors using JavaScript or another programming language (or even just texting).

• Before someone can send out spam email messages—you need to make sure no one has access rights so they cannot access your listservs or mailing lists without authorization from yourself (or whoever manages those lists).

Risk Assessment Process

The risk assessment process is a series of steps that you can use to identify and measure the risks associated with your business.

• Identify relevant risks

• Assess risk level

• Take action on managing identified risks

Risk Management Process

The risk management process is a systematic approach to ensure that risks are identified, analyzed, and controlled. The risk management process consists of six steps:

• Identify risks. Establishing a clear picture of the business environment is necessary before you can identify potential problems or opportunities for growth in your organization.

• Analyze risks: Risk analysis aims to determine how likely it is that something will happen as opposed to what actually happens when certain circumstances arise in the future (e..g., “The cost per unit produced will increase by $0.50”). This step involves examining all aspects related to the problem at hand – including financial data if necessary – in order to find out whether there’s any possibility whatsoever that this could occur (i…

Sample Process for Effective Communication and Collaboration between Enterprise Architecture and Corporate Risk Management

The importance of communication and collaboration between enterprise architecture and corporate risk management cannot be overstated. In order to deliver effective risk management, it is important that all stakeholders involved in the process share a common understanding of what constitutes a risk, how they affect an organization, and how they can be managed.

As part of this process, we recommend the following:

• Establishing a shared understanding among all stakeholders about what constitutes a risk

• Creating a clear picture of where each stakeholder sits in terms of their understanding or awareness

• Developing an agreement between key players on how best to work together

Applying the Concepts of Risk Management to the Federal Government

Risk management is a process. It’s a way of thinking, acting and living that helps you identify risks and understand how those risks can be mitigated or avoided. Risk management is also a way to communicate with other people in your organization or with outside stakeholders such as regulators or investors.

People who are good at risk management are able to anticipate problems before they happen—they think about the future because they have done the hard work of thinking about what could go wrong in advance so that when things do go wrong later on down the road then there isn’t anything left for them (or their colleagues) to clean up!

It’s important for everyone working within any organization whether large or small; however big it may be–to be prepared for anything at all times since nothing happens without reason whatsoever!

Takeaway:

• The takeaway should be a summary of the main points. It should be short and concise, with a clear call to action.

• The takeaway should be a key message that you want your audience to remember.

Conclusion

The Federal Risk Management Agency (FRM) is a strong advocate of risk management. It has published several tools, webinars and training courses designed to help organizations understand the basics of risk management.